Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 94

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 4
Chunk 94
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 market in Türkiye.

Our Services

Marti offers tech-enabled urban
transportation services to riders across Türkiye through two service offerings in the country’s major metropolitan areas:
ride-hailing and two-wheeled electric vehicles. Our ride-hailing service matches riders with car, motorcycle, and taxi drivers. Our
two-wheeled electric service offers shared mobility through a Company-owned and operated fleet of e-mopeds, e-bikes and e-scooters,
with each transportation modality serving different distances, comfort levels, and price points. We are continuously exploring new
service offerings to expand our customer base and establish ourselves as the preferred solution for all mobility needs.

Ride-Hailing

Our ride-hailing service offers car-hailing,
motorcycle-hailing, and taxi-hailing options. In October 2024, we began monetizing our ride-hailing service in the form of driver
subscription packages where drivers can purchase the right to receive ride requests from Marti’s riders. 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.

Car-Hailing

Our car-hailing business line was introduced in
October 2022, marking the launch of our first four-wheeled transportation offering, which complements our two-wheeled vehicle operations.
Our car-hailing service matches riders with car drivers. Riders and drivers agree on the price of the ride.

Motorcycle-Hailing

Our motorcycle-hailing business line was introduced
in October 2022, further enhancing our two-wheeled vehicle operations. The motorcycle-hailing service matches riders with motorcycle drivers.
Riders and drivers agree on the price of the ride.

Taxi-Hailing

Our taxi-hailing business line was introduced
in February 2024, which matches riders with licensed taxi drivers.

Two-Wheeled Electric Vehicles

E-Scooters

We have operated a total of eight different e-scooter
generations since 2019, of which two generations are still active in our fleet, highlighting our continuous efforts to improve our vehicles.
Our e-scooter fleet consists of both vehicles that were locally assembled or manufactured and vehicles that were