Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 103

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 4
Chunk 103
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 fully vertically integrated.
We constantly strive to deliver the best rider experience possible in the most cost-efficient way. For component procurement and supply
chain, this means gaining access to an increasing pool of diversified and local suppliers for reduced dependencies and lower cost, all
while creating more jobs and contributing to Türkiye’s local economy.

We also benefit from increased localized sourcing
that helps reduce lead times and spare part costs. In the future, we plan to further increase localization as an additional mitigant against
international supply chain issues.

Sustained Reduction in Monthly Depreciation

End-to-end process from two-wheeled electric vehicle
design, prototyping, and manufacturing is coordinated by in-house vehicle engineering and supply chain teams. We work with industry leading
manufacturers in Türkiye and abroad to design, customize, and tailor the vehicles to the topography and other requirements of the
markets we serve. We collaborate closely with our third-party partners to identify enhanced specifications of each vehicle generation
and continually iterate on design and actual prototypes until the identified needs are fulfilled.

Each new generation and new vehicle type leverages
knowledge and experience from other modalities and previous fleet generations to provide the best possible rider experience in the most
cost-efficient way possible. We focus on lower lifetime monthly depreciation rather than all-in vehicle cost, which is critical to sustain
and further improve our unit economics.

Continued In-House Management of Vehicle
Procurement and Field Operations

We leverage different manufacturing models for
different two-wheeled electric vehicle types and generations. We work with local manufacturing partners who perform the local manufacturing
and assembly of main components. We also work with international manufacturing partners and procure the vehicles directly. This variety
of manufacturing models strengthens our ability to improve our vehicles across generations and provide an enhanced rider experience.

Field operations is a core part of our
business, and continuous improvement efforts are leveraged through dedicated teams at our principal executive offices, supported by
employees in the field. We also aim to maximize synergies across a multimodal fleet, from using shared warehouses, shared
infrastructure for operation team in-house applications, and a shared team of supervisors and managers. This is especially important
in relatively small cities, where a single warehouse and teams serve multiple modalities. As our total scale increases with more
vehicles of the same modality or with a new modality, we look to expand the overall operation footprint to serve multiple
modalities.

All field operation efforts are focused on maximizing
availability of our vehicles to fulfill our customers’ mobility