Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 23

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 3
Chunk 23
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crises, and other unexpected events.

Our services and operations, and the operations
of our third-party technology providers, are vulnerable to damage or interruption from earthquakes, fires, winter storms, floods, power
losses, telecommunications failures, terrorist attacks, acts of war, human errors, break-ins, and similar events. In addition, any public
health crises, such as pandemics, epidemics, political crises, such as terrorist attacks, war and other political instability, or other
catastrophic events, could cause disruptions to the Internet, our business, or the economy as a whole. For example, there were a series
of earthquakes that occurred on February 6, 2023 in the southeastern region of Türkiye with magnitudes of 7.8 and 7.5, directly
affecting 11 cities, leveling neighborhoods and resulted in more than 50,000 casualties. In the aftermath, most of the production facilities
and shops in the affected regions were shut down. The cost of direct physical damages of the earthquakes on February 6, 2023 is
estimated to be $70.0 billion and total cost thereof is estimated to be $100.0 billion. We did not have any two-wheeled electric
vehicle losses and relocated our two-wheeled electric vehicles from the affected zones to our other operational regions. Since March
of 2020, COVID-19 has led to certain business disruptions, as described in our other risk factors, including travel bans and restrictions,
and shelter-in-place orders that resulted in declines in demand for our services, as well as adverse effects on users on our platform,
our suppliers, and the economy. While the impact of COVID-19 has largely subsided, future pandemics or similar public health crises could
still pose risks to our business, financial condition, and results of operations. In particular, acts of war or acts of terrorism, especially
any directed at GPS signals, could have a material adverse impact on our business, operating results, and financial condition. The threat
of terrorism and war and heightened security and military response to this threat, or any future acts of terrorism, may cause a redeployment
of the satellites used in GPS or interruptions of the system. To the extent that such interruptions have an effect on sales of our products
or services, this could have a material adverse effect on our business, results of operations, and financial condition. Our insurance
coverage may be insufficient to compensate us for losses that may occur.

The