Company: MRT
Filing Date: 2025-08-21
Form Type: 424B3
Source: 0001213900-25-079368
Chunk: 9

Company: Marti Technologies, Inc.
Filing Date: 2025-08-21
Form: 424B3
Chunk 9
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 a dedicated team. In October 2024, we began monetizing our ride-hailing service in the
form of driver subscription packages in which drivers may purchase the right to receive ride requests from riders. In January 2025, we
launched a dynamic pricing model designed to improve service efficiency and enhance rider and driver satisfaction in our ride-hailing
service by offering real-time fare adjustments and enhanced earnings for drivers based on supply and demand and reduced rider wait times.
Our subscription package prices are set to dynamically adjust to reflect the level of real-time ride requests that Marti directs to its
users.

As of December 31, 2024, our
ride-hailing service has served 1.66 million unique riders and includes 262,000 registered drivers. Our ride-hailing service currently
operates in four cities, İstanbul, Ankara, Antalya, and İzmir, with plans to expand into additional cities in 2025. Of our 262,000
registered drivers, 208,000 are in Türkiye’s largest city, Istanbul. This is in contrast to 20,311 taxis serving the city.
With 10 times as many registered drivers as taxis serving the city of Istanbul, we are able to offer widespread availability across the
city.

Complementing our ride-hailing
service, Marti also operates Türkiye’s largest fully funded fleet of two-wheeled electric vehicles, including e-scooters, e-bikes,
and e-mopeds. We provide access to our two-wheeled electric vehicles for our customers on a per-ride basis over the customer’s desired
period of use. Since launching in March 2019, our fleet has expanded to more than 38,000 vehicles, serving the three major cities of Istanbul,
Izmir, and Antalya. Our proprietary software and IoT infrastructure enable a seamless experience for riders and facilitate efficient fleet
management. As of December 31, 2024, Marti has served over 109 million rides to more than 5.9 million unique riders using our ride-hailing
or two-wheeled electric vehicle services. A unique rider is defined as a paying customer who has completed at least one ride across our
ride-hailing or two-wheeled electric vehicle services.

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We offer environmentally sustainable
transportation services to our riders. Our ride-hailing service promotes shared trips and our rentable services are currently delivered
via fully electric two-whe