Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 95

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 4
Chunk 95
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 fully procured from international
suppliers. Our latest fleet, which began deployment in November 2021, has already achieved a useful life of more than 3 years. We expect
the useful lives of our e-scooter fleet will continue to lengthen as we continue to improve the quality of our e-scooters and apply further
engineering advances based on management’s operational experience.

Across our current modalities, e-scooters have
the lowest ride duration, ride distance, and price level.

E-Bikes

We are currently operating our second generation
of e-bikes, which was deployed in December 2021. Our e-bikes are locally assembled. Our fleet of e-bikes has higher daily rides per vehicle
as compared to our e-scooters.

E-bikes usually serve a slightly longer ride duration
and ride distance compared to e-scooters and have a higher price level.

E-Mopeds

We are currently operating our first- and second-generation
e-mopeds, the latter of which were fully deployed in November 2023 and are expected to have improved durability and rider experience.
Our e-moped fleets include locally manufactured and locally assembled vehicles.

E-mopeds are currently used for longer trips in
terms of duration and distance compared to both e-scooters and e-bikes.

Our Applications, Technology and Offerings

We believe we are redefining urban mobility in
Türkiye with our ride-hailing and micromobility solutions, powered by our proprietary technology platform. Developed entirely in-house
and supported by leading third-party providers, our system is designed for scalability, efficiency, and seamless integration across both
business lines. With a secure and modular architecture, we are well positioned for rapid expansion, optimized fleet utilization, and an
enhanced customer experience.

Our AI-driven matching algorithm efficiently connects
passengers with available drivers, reducing wait times and optimizing ride availability. Dynamic surge pricing adjusts fares in real time
based on traffic and demand, providing fair pricing while improving driver earnings. Similarly, our real-time rebalancing system optimizes
micromobility fleet distribution by relocating underutilized vehicles to high-demand areas, increasing accessibility and maximizing usage.

To maintain fleet health and reliability, we leverage
predictive maintenance tools and damage-prediction algorithms to identify potential mechanical issues early, minimizing service disruptions.
While self-diagnostics capabilities are currently focused on our micromobility fleet, our maintenance systems help ensure ride-hailing
vehicles remain in top