NeoFleet Capital Raises $4 Million to Expand Taxi Fleet Financing
NeoFleet Capital, a Cyprus-based mobility finance company, has raised $4 million to scale its professional taxi fleet financing model.
In Brief
- •NeoFleet Capital, a Cyprus-based mobility finance company, has raised $4 million to scale its professional taxi fleet financing model.
- •The company aims to finance drivers and businesses in Senegal, Côte d'Ivoire, and Peru that lack access to vehicle financing.
- •NeoFleet plans to deploy 1,000 vehicles by the end of 2026 and 5,000 by the end of 2027, with an estimated vehicle value between $75 million and $100 million.
- •The company's business model includes vehicle financing, fleet management technology, operations, maintenance, and insurance.
- •NeoFleet has already networked 650 vehicles with an approximate purchase value of $10 million as of October 2026.
Why It Matters
NeoFleet Capital's $4 million funding round addresses a critical gap in mobility finance, particularly in high-growth markets where traditional banking options are limited. By providing capital to professional taxi fleet operators, NeoFleet aims to increase vehicle availability and improve mobility services. This initiative is significant for both the operators and the communities they serve, as it can lead to job creation and enhanced transportation options. Additionally, NeoFleet's innovative business model, which combines financing with fleet management services, could set a new standard in the mobility finance sector.
Key Details
- Funding Amount
- $4 million
- Current Vehicle Network
- 650 vehicles
- Current Vehicle Value
- $10 million
- Target Vehicle Deployment by 2026
- 1,000 vehicles
- Target Vehicle Deployment by 2027
- 5,000 vehicles
- Estimated Vehicle Value by 2027
- $75 million to $100 million
Context & Background
NeoFleet Capital was founded in 2024 by Igor Shiyanov and Oleg Mosyazh. The company addresses the financing gap for professional taxi fleet operators, who often lack access to traditional bank financing due to the lack of credit models and risk appetite in the sector.
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