Why we backed Naora
The European ride-hailing market is broken in a specific, fixable way: platforms like Uber and Bolt cannot meet demand because drivers can't afford EVs, and banks won't finance them. Naora sits exactly in that gap — with a capital-efficient fleet model, performance-based underwriting, and a regulatory head start that took competitors years to build.
We co-created Naora from the ground up: product, technology, go-to-market. This is not a portfolio bet — it's a company we built.
Traction
December, 2026
TVDE operator license obtained — legally ready to deploy in Portugal
December, 2026
OEM partnerships signed: Dacia, Renault, Citroën, Fiat, Changan — with 20%+ discounts
February, 2026
First drivers onboarded from a validated demand waitlis
March, 2026
Proven unit economics on the first 3 cars, achieving over 50% margin per vehicle
March, 2026
Pre-Seed round closed with a strategic local investor - Olissipo Way
The Opportunity
Portugal is the starting market. The ride-hailing market across Europe does not have enough supply, and each country faces the same driver financing problem that Naora solves. The business is built to expand into Spain and then the rest of Europe using the same approach to regulation and operations.
The Team
Built by serial entrepreneurs with backgrounds in fintech, mobility, and product development. The founding team combines deep technology execution with hands-on expertise in the TVDE market — backed by an angel advisor who is an active investor and former mobility CEO.
