Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 106

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 4
Chunk 106
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 to pursue additional intellectual property
protection to the extent we believe it would be beneficial and cost-effective for our business. Despite our efforts to protect our intellectual
property rights, they may not be respected in the future or may be invalidated, circumvented, or challenged. See “ Risk Factors  - Risks
Related to Our Intellectual Property and Technology  -   We may face intellectual property rights claims and other litigation
that are expensive to defend, and if resolved unfavorably, could significantly impact us and our shareholders.” and “ If we
are unable to protect our intellectual property, the value of our brand and other intangible assets may be compromised, adversely impacting
our business.”

Government Regulation

We are subject to various laws and regulations
as a result of our business operations. Some of these laws and regulations govern the rules directly related to our business such as labor
and employment, service payments, vehicle defects, personal injury, consumer protection, data protection, intellectual property, competition,
insurance, environmental health and safety, taxation, advertising, promotional materials, and licensing.

E-scooters were first introduced to the
Turkish legislation system by the Regulation on Electric Scooters published in Official Gazette numbered 31454, dated April 14, 2021 (the
“ Regulation”) as a new legal mode of transport. Following the Regulation, the Act on Highway Traffic Law numbered 2918 and
Regulation on Highway Traffic was published in Official Gazette numbered 23053, which embodied the rules regarding e-scooters. Subsequently,
a framework governing the rights and requirements of e-scooter operators was established in 2021. Under the Regulation, we are required
to obtain permits for our e-scooters to enable tracking of the number of e-scooters deployed in a relevant municipal area. Such permits
are issued by the Metropolitan Municipality Transportation Coordination Center (“ UKOME”) in the metropolitan cities and by
the Provincial Traffic Commissions in the other municipalities to the companies who operate e-scooters.

We are also subject to a number of laws and regulations
specifically governing the Internet and mobile devices that are constantly evolving, including the laws and regulations concerning information
technologies. For example, we are subject to Personal Data Protection Act numbered 6698 in respect of storing, sharing, use, transfer,
disclosure, and protection of certain types of data due to the personal information and data we collect from our riders. The Turkish Personal
Data Protection Authority, which is a public legal entity