Marti Technologies, Inc.
Marti Technologies, Inc. is a U.S.-listed mobility technology company headquartered in Istanbul, Türkiye, operating through subsidiaries including Marti Ileri Teknoloji Anonim Şirketi. Its single mobility super app combines ride-hailing, same-hour delivery, and shared electric two-wheeled transportation supported by proprietary software and Internet of Things infrastructure.
Fiscal year 2025 · change from previous year
Development 2021–2025
Business
Share of revenueApp-based matching of consumers with car, motorcycle and taxi drivers.
Company-operated shared rentals of e-mopeds, e-bikes and e-scooters.
Same-hour package delivery using the existing driver network and consumer base.
Customers
Marti serves urban consumers in Türkiye who use the platform for point-to-point transportation, short-distance shared mobility and package delivery. Ride-hailing customers can select among car, motorcycle and taxi options based on distance, comfort and price, while electric vehicle users seek app-based access to short-distance transport. Delivery customers use the service for same-hour package transportation, and drivers participate to access trip and delivery demand through Marti’s platform.
Consumers booking car, motorcycle and taxi trips for urban transportation.
Urban users renting e-mopeds, e-bikes and e-scooters for short trips.
Individuals and businesses purchasing same-hour package delivery.
Car, motorcycle and taxi drivers using Marti to access ride and delivery demand.
Strategy
Marti’s strategy is to build a broader urban mobility ecosystem by combining ride-hailing, delivery and shared electric vehicles within one application. Reusing its driver network and consumer base across services can increase platform utilization and reduce customer-acquisition friction. The company is also using proprietary software, IoT infrastructure and customer engagement initiatives such as shareholder-linked service discounts to deepen platform participation.
Multiple use cases can increase engagement and improve network utilization.
Network density improves matching, availability and service convenience.
Proprietary software and IoT support vehicle availability, monitoring and control.
Additional offerings can increase addressable demand and platform relevance.
Geography
Marti’s operating business is concentrated in Türkiye, with its principal executive office in Istanbul and subsidiaries organized to conduct the local platform operations. The company’s services address urban transportation needs through a country-focused network of riders, drivers and company-operated electric vehicles. No country-level revenue percentages or revenue amounts were disclosed in the provided excerpts.
Risks
Marti’s platform model is exposed to regulatory, competitive and operational risks because it coordinates third-party drivers while also operating a physical electric vehicle fleet. The company’s filings identify going-concern considerations, provisions, derivative liabilities and financial liabilities as material areas of financial uncertainty. Concentration in Türkiye also links operating performance to local economic conditions, currency movements, transportation regulation and urban demand.
The interim financial statements include a going-concern presentation, while operations require funding for technology, fleet and platform growth.
The operating platform is concentrated in Türkiye, making demand and reported results sensitive to inflation, currency volatility and local economic conditions.
Ride-hailing, taxi matching, delivery and shared vehicle services depend on transportation, labor, safety and municipal rules.
Exposure: Service availability and operating permissions
Ride availability and delivery capacity depend on attracting and retaining sufficient car, motorcycle and taxi drivers.
Company-operated e-mopeds, e-bikes and e-scooters face accident, theft, vandalism, maintenance and utilization risks.
Reported results may be affected by fair-value changes in derivative liabilities, customs tax provisions, lawsuit provisions and debt extinguishment items.
Accounting
Judgemental itemsRide-hailing, delivery and electric vehicle rentals may involve different fulfillment timing and judgments over whether Marti or a driver is the principal.
Impact: Reported revenue timing, gross versus net presentation and receivables
The company-operated e-moped, e-bike and e-scooter fleet is recorded as operating equipment subject to depreciation and potential impairment.
Impact: Operating expenses, asset values and replacement economics
The company identifies fair-value gains or losses on derivative liabilities as a potentially non-recurring adjustment.
Impact: Period-to-period net income and balance-sheet liabilities
Customs tax and lawsuit provisions require estimates of obligations and settlement outcomes.
Impact: Expenses, liabilities and adjusted EBITDA reconciliations
The interim statements explicitly include going-concern considerations, requiring evaluation of liquidity, funding and future operating assumptions.
Impact: Financial statement disclosures and investor assessment of solvency risk
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Last updated: 08/09/2026