NeoFleet Capital raises $4m pre-seed for mobility fleet expansion
The Cyprus platform will expand vehicle financing and fleet operations across emerging markets.
NeoFleet Capital has raised $4 million in pre-seed financing. The package combines equity and debt, with individual component amounts undisclosed.
The company’s announcement names Mark Loughran and other private investors as backers. Loughran has also joined as president and co-founder. TechCabal additionally reported participation from DMTech VC.
The proceeds will support expansion into additional mobility markets across Africa, Latin America and Asia. NeoFleet already works with professional fleet operators in Senegal, Côte d’Ivoire and Peru.
Its model combines vehicle financing with fleet management technology, maintenance, operations and insurance. The expansion is intended to build a larger platform connecting capital providers with professional taxi fleets.
Use of funds
Expand mobility fleet operations in Africa, Latin America and Asia