Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 100

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 4
Chunk 100
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 2020 as a new legal mode of transport. Subsequently, a framework governing
the rights and requirements of e-scooter operators was established in 2021. This framework has three important characteristics:

  Growth Oriented: E-scooters can operate                                                                                                  

  Multi-Tiered Licensing Process: Operators                                                                                                   

  Focus on Domestic Growth: Operators are                                                                                                 

In contrast to the condition at the time our e-scooters
launched, e-bikes, and e-mopeds were already recognized as a legal mode of transport in Türkiye under the Turkish transportation
code, which also regulates the requirements of license plates for e-bikes and e-mopeds, when we made them available to our riders. Accordingly,
we did not need to rely on the development of new laws to enable their introduction into the Turkish transportation code as a legal mode
of transport. To date, there is no developed framework governing the rights and requirements of e-bike, e-moped, or ride-hailing operators,
although this may change in the future.

In this context, our experience pioneering the
regulatory framework for e-scooters in Türkiye is a key competitive strength. We are leveraging our experience navigating and shaping
a complex, multi-tiered regulatory environment, to support the development of thoughtful, locally appropriate frameworks for other modes
of shared mobility including ride-hailing.

Strong Environmental, Social and Governance
Fundamentals

We released our 2023 Sustainability Report in
November 2024, reaffirming our commitment to strategy, “ Move Forward. Together.”, which is centered around three key pillars:
’ Smarter Mobility,’ ‘ Cleaner Cities,’ and ’ Safer Rides.’ In line with this strategy, we are committed
to collaborating with our stakeholders to build a safer, cleaner, and smarter world, one ride at a time, by fostering the integration
of electric and shared vehicles into daily life.

In 2023, our efforts led to the avoidance of approximately
941 tons of CO₂ emissions, equivalent to the absorption capacity of about 43,000 fully grown trees. Further, our e-mopeds and e-bikes
generate significantly lower lifecycle emissions, around 46% and 37% less, respectively, compared to the average Turkish commute. Our
e-scooters emit approximately 21% less CO2than alternative modes of urban transportation in Türkiye. We also achieved
a 100% recycling rate, processing 60.5 tons of materials, including