# NeoFleet Capital raises €3.5 million to expand taxi fleet financing

_Published Thursday, October 8, 2026 at 11:07 AM EDT · Capital, Products · Latest · Tier 2 — Notable_

![NeoFleet Capital raises €3.5 million to expand taxi fleet financing — Primary](https://www.eu-startups.com/wp-content/uploads/2026/10/Untitled-design-2026-10-08T142052.959.jpg)

NeoFleet Capital, a Limassol-based platform that finances and manages professional taxi fleets, raised €3.5 million in pre-Seed funding. Former inDrive President and CFO Mark Loughran backed the round alongside other private investors and joined as President and co-founder.

The company operates in Senegal, Côte d'Ivoire and Peru. Its franchise model combines vehicle financing with fleet management technology, maintenance, operations and insurance.

NeoFleet plans to use the funding to enter additional markets in Africa, Latin America and Asia. It aims to support approximately 5,000 vehicles by the end of 2027; autonomous fleet management is a longer-term ambition.

## Sources

- [EU-Startups](https://www.eu-startups.com/2026/10/limassol-based-neofleet-capital-raises-e3-5-million-to-finance-taxi-fleets-across-emerging-markets/)

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Canonical: https://techandbusiness.org/newswire/DKwKPRZyLHSSHkr90r3Wcc
Published: 2026-10-08T15:07:20.701Z
Story chronology: 2026-10-08T09:09:56.000Z
Retrieved: 2026-10-08T17:33:39.462Z
Publisher: Tech & Business (techandbusiness.org)