Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 4

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 3
Chunk 4
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 assurance that we will not be forced, through competition,
regulation, or otherwise, to reduce prices for users or increase our marketing and other expenses to attract and retain drivers and riders
in response to competitive pressures or regulatory requirements. Furthermore, the economic sensitivity of riders on our software platform
may vary by geographic location, and as we expand, our pricing methodologies may not enable us to compete effectively in these locations.
Local regulations may affect our pricing in certain geographic locations, which could amplify these effects. We have launched, and may
in the future launch, new pricing strategies and initiatives, such as new subscription packages and rider loyalty programs. We have also
modified, and may in the future modify, existing pricing methodologies. Any of the foregoing actions may not ultimately be successful
in attracting and retaining drivers and riders.

As we continue to strive for an optimal pricing
strategy, we may launch new pricing initiatives that may not be successful in retaining users. While we do and will attempt to optimize
prices and balance supply and demand in our marketplace, including in each of the geographic markets in which we operate, our assessments
may not be accurate or there may be errors in the technology used in our pricing and we could be underpricing or overpricing our products
and services. In addition, if the products and services on our platform change, then we may need to revise our pricing methodologies.
As we continue to launch new services and develop existing asset-intensive products, factors such as retention of drivers and riders,
asset maintenance, debt service, depreciation, asset life, battery swaps, supply chain efficiency, and asset replacement may affect our
pricing methodologies. Any such changes to our pricing methodologies or our ability to efficiently price our products and services could
adversely affect our business, financial condition, and results of operations.

Our only significant asset is ownership
of Marti Delaware and its affiliates, and such ownership may not be sufficient to pay dividends, make distributions or obtain loans to
enable us to pay any dividends on our Ordinary Shares or satisfy other financial obligations.

We are a holding company and do not directly own
any operating assets other than our ownership of interests in Marti Delaware. We depend on Marti Delaware for distributions, loans, and
other payments to generate the funds necessary to meet our financial obligations, including our expenses as a publicly traded company,
and to pay any dividends. The earnings from, or other available assets of, Marti Delaware may not be sufficient to make distributions
or pay dividends, pay expenses or satisfy our other financial obligations