Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 45

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 3
Chunk 45
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 and may be further targeted in the future.

System failures and resulting interruptions
in the availability of our website, applications, services or products could adversely affect our business, financial condition, and results
of operations.

Our systems, or those of third parties upon which
we rely, may experience service interruptions or degradation because of hardware and software defects or malfunctions, distributed denial-of-service
and other cyberattacks, human error, earthquakes, hurricanes, floods, fires, natural disasters, power losses, disruptions in telecommunications
services, fraud, military or political conflicts, terrorist attacks, computer viruses, ransomware, malware, or other events. Our systems
also may be subject to break-ins, sabotage, theft and intentional acts of vandalism, including by our own employees, which may result
in loss of material trade secrets or confidential information as well as potential liability. Some of our systems are not fully redundant
and our disaster recovery planning may not be sufficient for all eventualities. Our business interruption insurance may not be sufficient
to cover all of our losses that may result from interruptions in our service as a result of systems failures and similar events.

We have experienced and will likely continue to
experience system failures and other events or conditions from time to time that interrupt the availability or reduce or affect the speed
or functionality of our products and services. These events have resulted in, and similar future events could result in, losses of revenue.
A prolonged interruption in the availability or reduction in the availability, speed, or other functionality of our products and services
could adversely affect our business and reputation and could result in the loss of users. Moreover, to the extent that any system failure
or similar event results in harm or losses to the users using our platform, we may make voluntary payments to compensate for such harm
or the affected users could seek monetary recourse or contractual remedies from us for their losses and such claims, even if unsuccessful,
would likely be time-consuming and costly for us to address.

Risks Related to Legal Matters and Regulations

Action by governmental authorities to restrict
access to our products and services in their localities could substantially harm our business and financial results.

The ride-hailing and two-wheeled electric
vehicle industries are relatively nascent, rapidly evolving, and increasingly regulated. Government authorities have, and may
continue to, seek to limit the use of our products and services in certain areas, restrict access entirely, or impose other
restrictions that may affect the accessibility of our products and services for an extended period of time or indefinitely. For