Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 18

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 3
Chunk 18
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in those metrics may harm our reputation and negatively affect our business.

We regularly review and may adjust our processes
for calculating our metrics used to evaluate our growth, measure our performance, and make strategic decisions. These metrics are calculated
using internal company data and have not been evaluated by a third party. Our metrics may differ from estimates published by third parties
or from similarly titled metrics of our competitors due to differences in methodology or the assumptions on which we rely, and we may
make material adjustments to our processes for calculating our metrics in order to enhance accuracy, as better information becomes available
or for other reasons, which may result in changes to our metrics. Similarly, we may at times present claims and metrics about the emissions,
or other sustainability, benefits of our products and services. The methodologies for determining these benefits are complex and continuously
evolving, and there is not currently a single accepted industry standard for these calculations. The estimates and forecasts we disclose
relating to the size and expected growth of our addressable markets may prove to be inaccurate. Even if the markets in which we compete
meet the size estimates and growth we have forecasted, our business could fail to grow at similar rates, if at all. If investors or analysts
do not consider our metrics to be accurate representations of our business, or if we discover material inaccuracies in our metrics, then
our business, financial condition, and results of operations could be adversely affected.

We rely on third-party payment processors
to process payments made by users on our software platform and if we cannot manage our relationships with such third parties and other
payment-related risks, our business, financial condition, and results of operations could be adversely affected.

We rely on a limited number of third-party payment
processors to facilitate transactions and payments made by two-wheeled electric vehicle riders and ride-hailing drivers. If a third-party payment
processor terminates its relationship with us or declines to renew its agreement with us on mutually agreeable terms, we would need to
find an alternative solution and may not be able to secure similar terms or find a proper replacement in a timely manner. Such transition
to an alternative provider may also require significant time from our employees and necessitate the use of other limited resources. Additionally,
the software and services provided by these third-party processors may not meet our expectations, contain vulnerabilities or errors, be
otherwise compromised, or experience outages.

Any of these risks could cause us to lose our
ability to accept online payments or other payment transactions, which could make our