Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 96

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 4
Chunk 96
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 condition.

Safety and security are at the core of our platform.
Our real-time plate verification and driver “selfie” authentication provide that only authorized drivers operate within our
network. Passengers benefit from live location sharing with trusted contacts and an emergency safety feature for added security. Further,
in January 2025, we launched our Safety Academy designed to enhance rider safety and promote a culture of responsible and sustainable
mobility practices.

Our consumer app delivers a seamless mobility
experience, integrating ride-hailing and micromobility into a single platform. Features such as real-time ride tracking and automated
fare calculation provide a convenient and reliable experience. We support multiple payment options, including credit and debit cards,
as well as a closed-loop wallet system with peer-to-peer transfer capabilities.

By harnessing real-time analytics and advanced
technology, we aim to continuously optimize urban mobility to provide a fast, reliable, and user-friendly experience for both passengers
and drivers.

Competitive Strengths

We believe the following competitive advantages
differentiate our business:

Attractive Market Demographics

Türkiye is the most populous country in Europe
with a population of approximately 86 million as of December 31, 2024. Türkiye’s population grew at a rate of 0.6% CAGR between
2020 and 2024, with 73% of its population below the age of 50, as of December 31, 2024. We believe these demographic factors contribute
to Türkiye’s high demand for ride-hailing and mobility services, which, in turn, creates an attractive growth environment for
our business.

Ride-hailing and two-wheeled electric vehicle
services thrive in densely populated urban areas. Türkiye has 24 cities with a population greater than one million people, which
is more than twice as many cities with a population greater than one million people than any other country in Europe. In addition to serving
Istanbul, the most populous city in Europe, we have expanded our ride-hailing service to Ankara, Antalya and İzmir, strengthening
our presence in Türkiye’s largest metropolitan areas. Furthermore, our two-wheeled electric vehicle service is actively operating
in Istanbul, İzmir, and Antalya, providing sustainable and convenient transportation alternatives. These cities, with populations
greater than European capitals such as Rome and Paris, present significant opportunities for growth as we continue to enhance urban mobility
solutions across the country.

Market Position

Number one urban mobility and ride-h