Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 21

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 3
Chunk 21
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 or in particular geographic markets, including:

  longer operating histories;  

  significantly greater financial, technical, marketing,         

  greater experience within one or more industries;  

  stronger brand and consumer recognition regionally  

  a larger user base;  

  economies of scale and the ability to integrate                                           

  the capacity to leverage their marketing expenditures    

  more substantial intellectual property of their                                                       
  own from which they can develop mobile applications and which may predate our intellectual property;  
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  lower labor and development costs and better  

  greater platform-specific focus, experience,  

  broader global distribution and presence.  

Our competitors may develop products,
features or services that are similar to ours or that achieve greater acceptance, may undertake more far-reaching and successful
product and service development efforts or marketing campaigns, or may adopt more aggressive pricing policies. Some competitors may
gain a competitive advantage against us in areas where we operate, including by integrating competing platforms, applications or
features into products and services they control, by making acquisitions, by making access to our products and services more
difficult or by making them more difficult to communicate with our users. As a result, our competitors may acquire and engage users
or generate revenue at the expense of our own efforts, which may negatively affect our business and financial results. In addition,
from time to time, we may take actions in response to competitive threats, but we cannot assure you that these actions will be
successful or that they will not negatively affect our business and financial results.

Additionally, we may see competition from other
modalities ( e. g., autonomous vehicles and mainstream transportation tools such as public and private transportation, walking and
other methods of transportation). While we do not expect that completely autonomous vehicles in cities poses a near-term risk, it could
pose a significant risk to our business in the long term.

If our vehicles, mobile applications, or
other services have defects, the reputation and brand of our products and services could suffer, which could negatively impact the use
of our products and services, and negatively impact our operating results and financial condition.

We believe that establishing and maintaining our
brand is critical to attracting engagement with our products and services. Increasing awareness of our brand and recognition of our products
and services is particularly important in connection with increasing our customer base. Our ability to promote our brand and increase
recognition of our platform and services depends on our ability to provide high-quality products