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. It said it will use the funding 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 funding round alongside other private investors.