Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 108

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 4
Chunk 108
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 and a decline in usage during colder or extreme
weather conditions.

We continue to diversify our service offering
and geographical footprint to mitigate adverse effects of seasonality, in addition to the rebalancing of vehicles prior to and after major
adverse weather warnings from local authorities. For example, we limit our operations in certain regions to certain periods of the year
to maximize the usage of our vehicles in different regions with more favorable weather conditions during such periods.

Legal Proceedings

We are subject to various legal proceedings and
claims that arise in the ordinary course of our business.

On February 3, 2023, the Istanbul Otomobilciler
Esnaf Odası, an association of taxi owners, filed a lawsuit against us over our ride-hailing and e-moped services, claiming that
these services create unfair competition. The plaintiff also requested that the court prevent third parties from accessing these services
through our website or mobile app.

In response, a court issued an order on March
6, 2023, blocking access to the ride-hailing service. We appealed this decision, and the injunction was lifted on June 20, 2023.

After a hearing on January 12, 2024, the court’s
appointed experts submitted their report on January 22, 2024. We filed an objection to the court noting that the report did not cover
all the issues requested and was incomplete, and as a result of our objections, the court gave the experts 90 days to prepare an additional
report. At a hearing on March 29, 2024, the court postponed the hearing to July 19, 2024.

On July 19, 2024, the court ruled in favor of
the plaintiff regarding our ride-hailing service, but dismissed claims related to our motorcycle-hailing service. The court also issued
an order blocking access to our ride-hailing app but clarified that this did not affect other activities. We filed objections to the ruling
on October 1, 2024, except for the part related to motorcycle-hailing.

The 14thCivil Chamber of the Istanbul
Regional Court of Justice overturned the decision, stating that the expert reports were insufficient and that the court had not properly
considered the defendant’s defenses. The case was sent back to the first instance court for retrial.

Following this, the case resumed in the Istanbul
14thCommercial Court. Additionally, a lawsuit filed by the Antalya Chamber of Drivers was combined with the existing