Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 40

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 3
Chunk 40
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Our future success depends on our ability
to keep pace with rapid technological changes that could make our current or future technologies less competitive or obsolete.

Rapid, significant, and disruptive technological
changes continue to impact the industries in which we operate. Our competitors or others might develop technologies that are more effective
than our current or future technologies, or that render our technologies less competitive or obsolete. If competitors introduce superior
technologies or media content and we cannot make upgrades to our processes to remain competitive, our competitive position, and in turn
our business, revenues, and financial condition, may be materially and adversely affected. Further, many of our competitors may have superior
financial and human resources deployed toward research and development efforts. We are relatively constrained in comparison to our competitors
and our financial and human resources may limit our ability to effectively keep pace with relevant technological changes.

Our business could be adversely impacted
by changes in users’ Internet and mobile device accessibility and unfavorable changes in or our failure to comply with existing
or future laws governing the Internet and mobile devices.

Our business depends on users’ access to
our platform via a mobile device and the Internet. We may operate in jurisdictions that provide limited Internet connectivity, particularly
as we expand into more remote areas in the markets in which we operate. Internet access and access to a mobile device are frequently provided
by companies with significant market power that could take actions that degrade, disrupt, or increase the cost of users’ ability
to access our platform. In addition, the Internet’s infrastructure that we and users of our software platform rely on in any particular
geographic area may be unable to support the demands placed upon it. Any such failure in Internet or mobile device accessibility, even
for a short period of time, could adversely affect our results of operations.

Moreover, we are subject to a number of laws
and regulations specifically governing the Internet and mobile devices that are constantly evolving, including the legal principles
and regulations that govern the use of the internet. Existing and future laws and regulations, or changes thereto, may impede the
growth and availability of the Internet and online products and services, require us to change our business practices, or raise
compliance costs or other costs of doing business. These laws and regulations, which continue to evolve, cover taxation, privacy and
data protection, pricing, copyrights, distribution, mobile and other communications, advertising practices, consumer protections,
the provision of online payment services, unencumbered Internet access to our offering, and the characteristics and quality of