NeoFleet Capital Raises €3.5 Mn in Pre-Seed Funding to Expand Taxi Fleet Financing

“We address a fundamental problem in many high-growth mobility markets: people need rides, drivers want to work, and capital is the missing piece to put more cars on the road,” explained Mark Loughran, President and co-founder of NeoFleet Capital.

“A vehicle generates income for a driver every day. This helps move them from poverty towards middle-income earnings, increases access to mobility for passengers, and ultimately supports the wider economy. At the same time, enormous pools of institutional capital are looking for attractive, asset-backed returns but have no scalable way of reaching these fragmented markets. NeoFleet is building the infrastructure that bridges that gap,” added Loughran.

Founded in Cyprus in 2024, NeoFleet Capital provides financing and fleet management services to professional mobility businesses in emerging markets. The company currently operates in Senegal, Côte d’Ivoire, and Peru.

NeoFleet Capital has developed a Fleet Management Franchise model that brings together vehicle financing, fleet management technology, vehicle maintenance, daily operations, and insurance services. This model helps mobility businesses manage their vehicles and operations more efficiently.

NeoFleet Capital estimates that the global mobility fleet market is worth more than €445 billion. The company aims to tap into this large market by helping mobility operators access vehicles and manage their fleets more effectively.

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