NeoFleet Capital raises $4 million to finance taxi fleets across Africa and emerging markets

NeoFleet, a Cyprus-based mobility finance company that operates in Senegal, Côte d’Ivoire, and Peru, has raised a $4 million pre-seed round to scale its professional taxi fleet financing model and build infrastructure for autonomous mobility.

DMTech VC, a venture fund that focuses on fintech and asset-backed finance, backed the round alongside other private investors. Mark Loughran, former president and chief financial officer (CFO) of ride-hailing company inDrive, also participated in the round and has joined NeoFleet as president and co-founder…