Taxi Fleet Fintech NeoFleet Lands $3.8M to Back Drivers in Emerging Markets

Jan de Vries · 2026-10-08

### A Limassol Startup Bets Big on Taxi Fleets NeoFleet Capital, a Limassol-based investment and tech platform, just closed a $3.8 million pre-Seed round. The company finances professional taxi fleets in emerging markets, and it's already operating in Senegal, Côte d'Ivoire, and Peru. The round was led by Mark Loughran, former President and CFO of inDrive, a global ride-hailing operator. He's now President and co-founder of NeoFleet. Other private investors also joined. "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," Loughran said. ### How the Fleet Management Franchise Works NeoFleet's model combines vehicle financing, fleet management tech, operations and maintenance, and insurance. They call it a Fleet Management Franchise. The company estimates the global mobility fleet asset class at over $485 billion today. Professional fleet operators currently manage about 20–30% of the world's taxis. NeoFleet predicts that as autonomous vehicles roll out, that share could jump to nearly 100%. That's a huge shift. Goldman Sachs research forecasts the global commercial robotaxi market could hit roughly $400 billion by 2035, with around six million vehicles. NeoFleet sees this as a massive institutional asset class forming around mobility infrastructure. > "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," Loughran added. "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." ### The Team Behind the Wheel NeoFleet's leadership includes two inDrive alumni: Loughran and CEO Igor Shiyanov. Shiyanov founded NeoFleet after building and selling a delivery startup to a ride-hailing operator. He also worked at inDrive and Boston Consulting Group. Co-founder Oleg Mosyazh leads business development and capital raising. He previously worked at Microsoft and PwC. ### What's Next for NeoFleet? The company plans to use this capital to enter more high-growth mobility markets across Africa, Latin America, and Asia. - By the end of 2027, NeoFleet aims to support about 5,000 vehicles across its network. - That represents an estimated $70–95 million in vehicle value. The expansion is meant to build the operating, financing, and tech infrastructure needed for NeoFleet's long-term ambition: becoming a major global capital and fleet-management platform for both human-driven and autonomous mobility.