Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 39

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 3
Chunk 39
---
, and standards that we do not control.

Our revenue is generated from the use of our mobile
application, which we refer to as the “ Marti App”. There is no guarantee that popular mobile devices or application stores
will continue to feature our mobile application, or that mobile device users will continue to use our products and services rather than
competing products and services. We are dependent on the interoperability of the Marti App with popular mobile operating systems, networks,
and standards that we do not control, such as the Android and iOS operating systems. Any changes, bugs, or technical issues in such systems,
or changes in our relationships with mobile operating system partners, handset manufacturers, or mobile carriers, or in their terms of
service or policies that degrade our products’ and services’ functionality, availability, reduce or eliminate our ability
to distribute our products and services, give preferential treatment to competitive products and services, or charge fees related to the
distribution of our products and services, could adversely affect the usage of the Marti App on mobile devices and revenue. Additionally,
in order to deliver a high-quality mobile application, it is important that our products and services work well with a range of mobile
technologies, systems, networks, and standards that we do not control, and that we have good relationships with handset manufacturers
and mobile carriers. We may not be successful in maintaining or developing relationships with key participants in the mobile ecosystem
or in developing products and services that operate effectively with these technologies, systems, networks, or standards. In the event
that it is more difficult for our users to access and use the Marti App on their mobile devices, or if our users choose not to access
or use the Marti App on their mobile devices or use mobile products that do not offer access to the Marti App, our user growth and user
engagement could be harmed. From time to time, we may also take actions regarding the distribution of our products and services or the
operation of our business based on what we believe to be in our long-term best interests. Such actions may adversely affect our users
and our relationships with the operators of mobile operating systems, handset manufacturers, mobile carriers, or other business partners,
and there is no assurance that these actions will result in any benefits in the short or long term. In the event that our users are adversely
affected by these actions or if our relationships with such third parties deteriorate, our user growth and engagement could be adversely
affected and our business could be harmed.