Cyprus-based mobility finance company NeoFleet Capital has raised a $4 million pre-seed round to expand its taxi fleet financing model and build infrastructure for autonomous mobility.
The round was a mix of equity and debt. Former inDrive executive Mark Loughran backed the round and joined NeoFleet as president and co-founder. DMTech VC and other private investors also participated.
Founded in 2024 by Igor Shiyanov and Oleg Mosyazh, NeoFleet funds and manages professional taxi and mobility fleets across emerging markets. It operates in Senegal, Côte d’Ivoire, and Peru.
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“We believe autonomous mobility will be one of the most important structural shifts in transportation,” Shiyanov said. “In Africa, we expect human-driven and autonomous vehicles to coexist for some time, but the shift will come, and the markets that prepare early will be best placed to benefit.”
Right now, it has only 650 vehicles in its network. The new funding will support expansion of its existing operations and entry into new markets. The company plans to deploy 1,000 vehicles across its network by the end of 2026 and 5,000 by the end of 2027.
NeoFleet said it is evaluating more than 15 countries for its next expansion phase and plans to select two to three new markets. It is focusing on Latin America, Africa, Southeast Asia, and the Middle East.
The mobility space has seen competition and interest, especially in Senegal. In August, Moove cemented its unicorn status, and Naran secured $10 million. They all serve as a financing layer but differ in model. NeoFleet takes a corporate approach, financing local organisations that already run taxi fleets rather than managing thousands of independent drivers directly.
Last updated: October 8, 2026
