Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 101

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 4
Chunk 101
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 mixed metals, lithium-ion batteries, electronics, paper, plastics,
rubber, and cables. These accomplishments underscore our dedication to integrating sustainability into our operations and strategy, reflecting
strong environmental, social, and governance fundamentals.

From an environmental perspective, we repaired
and reused approximately 95% of our damaged batteries, approximately 84% of our damaged IoT, and approximately 52% of our damaged motors,
as of December 31, 2023, substantially reducing our environmental footprint. We also reuse the parts from our decommissioned vehicles
in our active vehicle fleet, and recycle the non-reusable parts of our decommissioned vehicles through third party recycling partners.
Through partnerships with specialized recycling firms, we’ve achieved a 100% recycling rate for all process outputs, including 60.5 tons
of mixed metals, lithium-ion batteries, electronics, paper, plastics, rubber, and cable in 2023.

From a social perspective, as of December 31,
2024, 30% of our workforce was in the 15  -  24 year age group which has the highest unemployment rate in Türkiye.
We also serve all segments of the population, including lower income neighborhoods, rather than just affluent neighborhoods or tourist
centers. For example, we serve cities with our ride-hailing service covering 34% of the country’s population and with our two-wheeled
electric vehicle service covering 27% of the country’s population, reaching a diverse set of customers.

From a governance perspective, women served in
23% and men served in 77% of our management roles, as of December 31, 2024, which includes C-level and department heads. We also offer
competitive compensation packages, including an employee share ownership plan, to promote employee satisfaction and performance.

Growth Strategies

We intend to build upon our market leadership
and grow our business through the following strategies:

Scaling with Organic Growth in Existing
Cities and Diversification of Mobility Service Offering

As of December 31, 2024, we operate in four of
the five most populous and six of the highest GDP-contributing cities in Türkiye, which together represent approximately 50% of national GDP and 34% of the population. Urban demand
for affordable and reliable transportation continues to grow, and we aim to capitalize on this opportunity by increasing our active unique
driver base, improving service availability, and enhancing the rider experience. Through targeted loyalty and incentive programs, we aim
to drive deeper engagement among both