Welcome to our dedicated page for Marti Technologies news (Ticker: MRT), a resource for investors and traders seeking the latest updates and insights on Marti Technologies stock.
Marti Technologies Inc (MRT) delivers electric urban mobility solutions through its integrated fleet of e-mopeds, e-bikes, and e-scooters powered by proprietary IoT systems. This dedicated news hub provides investors and industry observers with verified updates on corporate developments, financial performance, and technological advancements.
Access real-time announcements including quarterly earnings, strategic partnerships, fleet expansion initiatives, and sustainability progress. Our curated repository ensures transparent access to press releases, regulatory filings, and operational milestones directly from Marti Technologies.
Key coverage areas include technology innovations in vehicle connectivity, market expansion updates across urban centers, and financial disclosures critical for informed analysis. Bookmark this page for streamlined tracking of MRT's evolving position in the competitive micromobility sector.
Marti Technologies, Türkiye’s leading mobility app, announced substantial growth in its ride-hailing service, reaching over 925,000 riders and 155,000 registered drivers as of May 20, 2024. This surpasses its June 2024 targets of 900,000 riders and 155,000 drivers, achieved 1.5 months early. Rider numbers increased by 86% and drivers by 46% from December 2023 to May 2024.
Encouraged by this growth, Marti revised its June 2024 targets to 1,000,000 riders and 165,000 drivers. Notably, over 130,000 of these drivers operate in Istanbul, which has only 19,845 taxis. Marti ensures rider safety through formal background checks, and drivers are rated 4.8 out of 5 stars.
Despite not enabling online payments or charging fees, Marti's ride-hailing service has significantly disrupted the market. McKinsey & Company estimates Türkiye's taxi market at $9-12 billion, with potential growth to $15-20 billion by 2030 due to ride-hailing.
Marti Technologies has appointed Oguz Erkan as the new CFO, effective May 17, 2024, replacing Cem Yasar Ozey. Erkan brings extensive experience from his roles at GlaxoSmithKline and Arçelik-Beko, making him well-suited to support Marti’s growth. The company appreciates Ozey's contributions during their first year as a US public company. CEO Oguz Alper Oktem highlighted Erkan's expertise in managing large-scale finances and completing value-creation projects. Erkan holds degrees in Business Administration and an Executive MBA from Koç University.
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