Company: MRT
Filing Date: 2025-08-11
Form Type: F-3
Source: 0001213900-25-074325
Chunk: 11

Company: Marti Technologies, Inc.
Filing Date: 2025-08-11
Form: F-3
Chunk 11
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 to its
users.

As of December 31, 2024, our
ride-hailing service has served 1.66 million unique riders and includes 262,000 registered drivers. Our ride-hailing service currently
operates in four cities, İstanbul, Ankara, Antalya, and İzmir, with plans to expand into additional cities in 2025. Of our 262,000
registered drivers, 208,000 are in Türkiye’s largest city, Istanbul. This is in contrast to 20,311 taxis serving the city.
With 10 times as many registered drivers as taxis serving the city of Istanbul, we are able to offer widespread availability across the
city.

Complementing our ride-hailing
service, Marti also operates Türkiye’s largest fully funded fleet of two-wheeled electric vehicles, including e-scooters, e-bikes,
and e-mopeds. We provide access to our two-wheeled electric vehicles for our customers on a per-ride basis over the customer’s desired
period of use. Since launching in March 2019, our fleet has expanded to more than 38,000 vehicles, serving the three major cities of Istanbul,
Izmir, and Antalya. Our proprietary software and IoT infrastructure enable a seamless experience for riders and facilitate efficient fleet
management. As of December 31, 2024, Marti has served over 109 million rides to more than 5.9 million unique riders using our ride-hailing
or two-wheeled electric vehicle services. A unique rider is defined as a paying customer who has completed at least one ride across our
ride-hailing or two-wheeled electric vehicle services.

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We offer environmentally sustainable
transportation services to our riders. Our ride-hailing service promotes shared trips and our rentable services are currently delivered
via fully electric two-wheeled vehicles, contributing to reduced emissions in the cities where we operate. Our operations have helped
us avoid approximately 941 tons of CO2 emissions in 2023, equivalent to the CO2 absorbed by approximately 43,000 mature trees.

We plan to continue to grow
our existing urban transportation services, introduce additional forms of environmentally sustainable mobility services that are electric
and/or shared, and leverage our existing scale and customer base to offer adjacent, tech-enabled services beyond transportation.

We believe our plan for sustainable
growth positions our services to be an integral part of the transportation networks of