NeoFleet Capital raises a $4M pre-seed to finance taxi fleets across Africa and Latin America

Cyprus-based NeoFleet Capital has raised a $4 million pre-seed round, a mix of equity and debt, backed by DMTech VC and private investors. Mark Loughran, former president and CFO of inDrive, backed the round and joined as president and co-founder.

Founded in 2024 by CEO Igor Shiyanov and Oleg Mosyazh, NeoFleet finances professional taxi and ride-hailing fleet operators rather than individual drivers, bundling vehicle financing with fleet management technology, maintenance and insurance. It operates in Senegal, Côte d'Ivoire and Peru.

The company earns interest and fees on its financing and is evaluating more than 15 countries to pick two to three new markets across Latin America, Africa, Southeast Asia and the Middle East. It targets 5,000 vehicles by the end of 2027.