
Marti sets new targets for June 30, 2026 of 4.30 million riders and 530 thousand registered drivers


Marti Technologies, Inc. (&#34;Marti&#34; or the &#34;Company&#34;) (NYSE:MRT), Türkiye&#39;s leading mobility super app, announced today

Marti sets new targets for June 30, 2026 of 4.30 million riders and 530 thousand registered drivers


Marti Technologies, Inc. ("Marti" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/MRT">MRT</a>), Türkiye's leading mobility super app, announced today that as of March 17, 2026, Marti's ride-hailing service has reached 3.80 million riders and 490 thousand registered drivers, exceeding the March 31, 2026 targets of 3.80 million riders and 485 thousand registered drivers.


Marti's number of ride-hailing riders grew 101% from March 17, 2025 to March 17, 2026. The number of registered drivers grew 70% during the same time period. The fast growth in both the rider and driver sides of Marti's ride-hailing marketplace demonstrates large demand for the service across Türkiye. The service intends to provide readily available, safe, and affordable rides for riders, while providing economic opportunities for drivers across the income spectrum.


Encouraged by the growth in the rider and driver bases of its ride-hailing business, Marti has set targets for 4.30 million riders and 530 thousand registered drivers by June 30, 2026.


Of Marti's 490 thousand registered drivers, 334 thousand are in Türkiye's largest city, Istanbul. This is in contrast to 20 thousand taxis serving the city. With 16 times as many registered drivers as taxis serving the city of Istanbul, Marti is able to offer widespread availability across the city. Furthermore, Marti's drivers undergo formal background checks before acceptance onto the service, thereby contributing to rider safety. The average rating of Marti's ride-hailing drivers by riders is 4.8 out of 5 stars.


The shares of Marti's riders and registered drivers outside of Istanbul have both grown significantly, reflecting continued execution of Marti's nationwide ride-hailing expansion strategy. Following multiple expansion phases completed in 2025, Marti's ride-hailing operations now span 20 markets across Türkiye, covering approximately 80% of the country's GDP. This expanded footprint is driving increased geographic diversification and reinforcing the platform's nationwide growth trajectory.


Over the last twelve months, the proportion of Marti's riders based outside of Istanbul has grown from 18% to 34%, while the share of Marti's registered drivers based outside of Istanbul has grown from 22% to 32%. This increased geographic diversification underscores the nationwide demand for Marti's services and supports the Company's long-term growth trajectory beyond Istanbul.


McKinsey &amp; Company, a consultancy group, estimates the taxi market size in Türkiye at $9 billion to $12 billion as of 2021. Further, under the "Disruptive Scenario 2030", ride-hailing is expected to increase the size of the taxi market by offering cheaper and more convenient rides. McKinsey &amp; Company estimates the potential size of the Turkish ride-hailing market in 2030 at $15 billion to $20 billion(&#x2A;).


(&#x2A;) Expectations and targets are not necessarily indicative of future attainment.


About Marti:


Founded in 2018, Marti is Türkiye's leading mobility app, offering a wide variety of transportation services. Marti operates a ride-hailing service that matches riders with car, motorcycle and taxi drivers; delivery services; and a large fleet of rental e-mopeds, e-bikes and e-scooters. All of Marti's offerings are serviced by proprietary software systems and IoT infrastructure. For more information, visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.marti.tech&amp;esheet=54453762&amp;newsitemid=20260318161677&amp;lan=en-US&amp;anchor=www.marti.tech&amp;index=1&amp;md5=7000aa311a9ca24961df20c17e0b1ac1" shape="rect">www.marti.tech</a>.


Cautionary Note Regarding Forward-Looking Statements


Certain statements made in this press release constitute forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements related to the anticipated growth, including the number of riders and registered drivers of the ride-hailing business, the ride-hailing targets by June 30, 2026, and the expected future performance and market opportunities of Marti and the ride-hailing business. These forward-looking statements are based on management's current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including the risks discussed in the Company's filings with the SEC, including the Company's Annual Report on Form 20-F. Marti undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise, except as required by law.

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Investor Contact
 
 Marti Technologies, Inc.
 Turgut Yilmaz
 
 <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:investor.relations@marti.tech" shape="rect">investor.relations@marti.tech</a>

Marti's Ride-Hailing Service Reaches 3.80 Million Riders and 490 Thousand Registered Drivers, Exceeding March 31, 2026 Targets

Marti aims for significant growth in riders and drivers by mid-2026

<section class="insight" data-version="1">
 <section data-block="information">
 <h3>Information</h3>
 Marti sets new targets for June 30, 2026 of 4.30 million riders and 530 thousand registered drivers


Marti Technologies, Inc. (&amp;#34;Marti&amp;#34; or the &amp;#34;Company&amp;#34;) (NYSE:MRT), Türkiye&amp;#39;s leading mobility super app, announced today
 </section>

 <section data-block="ai-summary-paragraph">
 <h3>AI Summary</h3>
 Marti Technologies reported impressive growth in its ride-hailing service, surpassing March targets with 3.80 million riders and 490,000 drivers. The company aims to reach 4.30 million riders and 530,000 drivers by June 2026, reflecting strong demand and expansion efforts in Türkiye.
 </section>

 <section data-block="ai-summary-bullets">
 <h3>Key Points</h3>
 <ul><li>Marti exceeded March 2026 targets with 3.80 million riders, 490 thousand drivers.</li><li>Ride-hailing riders grew 101%, drivers 70% in one year, indicating strong demand.</li><li>Targets set for 4.30 million riders and 530 thousand drivers by June 2026.</li><li>Marti&#039;s operations now cover 20 markets, reaching 80% of Turkey&#039;s GDP.</li><li>Drivers outside Istanbul increased to 32%, diversifying Marti&#039;s operational footprint.</li></ul>
 </section>

 <section data-block="companies-mentioned">
 <h3>Companies Mentioned</h3>
 <ul><li>McKinsey &amp; Company (N/A): McKinsey estimates Turkey&#039;s taxi market could expand to $20 billion by 2030.</li></ul>
 </section>

 <section data-block="category">
 <h3>Corporate Developments</h3>
 This falls under &#039;Corporate Developments&#039; due to the significant operational growth and targets set by Marti, highlighting potential for increased market share and revenue.
 </section>

 <section data-block="market-moving">
 <h3>Market-Moving</h3>
 <ul><li>MRT&#039;s rapid user base growth could lead to increased investor interest.</li><li>Targets may enhance future revenue projections for Marti, impacting stock value positively.</li><li>The expansion into 20 markets broadens Marti’s revenue base, possibly increasing share performance.</li></ul>
 </section>

 <section data-block="key-facts">
 <h3>Key Facts</h3>
 <ul><li>Marti reached 3.80 million riders and 490,000 drivers as of March 2026.</li><li>Rider numbers increased by 101% year-over-year, drivers by 70%.</li><li>Targets set for June 30, 2026, are 4.30 million riders and 530,000 drivers.</li><li>Marti operates in 20 markets covering 80% of Turkey’s GDP.</li><li>The share of riders outside Istanbul rose from 18% to 34% in one year.</li></ul>
 </section>

 <section data-block="trading-thesis">
 <h3>Trading Thesis</h3>
 MRT is positioned for growth; a buy recommendation for the long term.
 </section>
</section>



Marti sets new targets for June 30, 2026 of 4.30 million riders and 530 thousand registered drivers


Marti Technologies, Inc. ("Marti" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/MRT">MRT</a>), Türkiye's leading mobility super app, announced today that as of March 17, 2026, Marti's ride-hailing service has reached 3.80 million riders and 490 thousand registered drivers, exceeding the March 31, 2026 targets of 3.80 million riders and 485 thousand registered drivers.


Marti's number of ride-hailing riders grew 101% from March 17, 2025 to March 17, 2026. The number of registered drivers grew 70% during the same time period. The fast growth in both the rider and driver sides of Marti's ride-hailing marketplace demonstrates large demand for the service across Türkiye. The service intends to provide readily available, safe, and affordable rides for riders, while providing economic opportunities for drivers across the income spectrum.


Encouraged by the growth in the rider and driver bases of its ride-hailing business, Marti has set targets for 4.30 million riders and 530 thousand registered drivers by June 30, 2026.


Of Marti's 490 thousand registered drivers, 334 thousand are in Türkiye's largest city, Istanbul. This is in contrast to 20 thousand taxis serving the city. With 16 times as many registered drivers as taxis serving the city of Istanbul, Marti is able to offer widespread availability across the city. Furthermore, Marti's drivers undergo formal background checks before acceptance onto the service, thereby contributing to rider safety. The average rating of Marti's ride-hailing drivers by riders is 4.8 out of 5 stars.


The shares of Marti's riders and registered drivers outside of Istanbul have both grown significantly, reflecting continued execution of Marti's nationwide ride-hailing expansion strategy. Following multiple expansion phases completed in 2025, Marti's ride-hailing operations now span 20 markets across Türkiye, covering approximately 80% of the country's GDP. This expanded footprint is driving increased geographic diversification and reinforcing the platform's nationwide growth trajectory.


Over the last twelve months, the proportion of Marti's riders based outside of Istanbul has grown from 18% to 34%, while the share of Marti's registered drivers based outside of Istanbul has grown from 22% to 32%. This increased geographic diversification underscores the nationwide demand for Marti's services and supports the Company's long-term growth trajectory beyond Istanbul.


McKinsey &amp; Company, a consultancy group, estimates the taxi market size in Türkiye at $9 billion to $12 billion as of 2021. Further, under the "Disruptive Scenario 2030", ride-hailing is expected to increase the size of the taxi market by offering cheaper and more convenient rides. McKinsey &amp; Company estimates the potential size of the Turkish ride-hailing market in 2030 at $15 billion to $20 billion(&#x2A;).


(&#x2A;) Expectations and targets are not necessarily indicative of future attainment.


About Marti:


Founded in 2018, Marti is Türkiye's leading mobility app, offering a wide variety of transportation services. Marti operates a ride-hailing service that matches riders with car, motorcycle and taxi drivers; delivery services; and a large fleet of rental e-mopeds, e-bikes and e-scooters. All of Marti's offerings are serviced by proprietary software systems and IoT infrastructure. For more information, visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.marti.tech&amp;esheet=54453762&amp;newsitemid=20260318161677&amp;lan=en-US&amp;anchor=www.marti.tech&amp;index=1&amp;md5=7000aa311a9ca24961df20c17e0b1ac1" shape="rect">www.marti.tech</a>.


Cautionary Note Regarding Forward-Looking Statements


Certain statements made in this press release constitute forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements related to the anticipated growth, including the number of riders and registered drivers of the ride-hailing business, the ride-hailing targets by June 30, 2026, and the expected future performance and market opportunities of Marti and the ride-hailing business. These forward-looking statements are based on management's current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including the risks discussed in the Company's filings with the SEC, including the Company's Annual Report on Form 20-F. Marti undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise, except as required by law.

<img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260318161677r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img>View source version on businesswire.com: <a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260318161677/en/" rel="nofollow">https://www.businesswire.com/news/home/20260318161677/en/</a>
Investor Contact
 
 Marti Technologies, Inc.
 Turgut Yilmaz
 
 <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:investor.relations@marti.tech" shape="rect">investor.relations@marti.tech</a>

Marti Technologies reported impressive growth in its ride-hailing service, surpassing March targets with 3.80 million riders and 490,000 drivers. The company aims to reach 4.30 million riders and 530,000 drivers by June 2026, reflecting strong demand and expansion efforts in Türkiye.

Marti's Ride-Hailing Service Reaches 3.80 Million Riders and 490 Thousand Registered Drivers, Exceeding March 31, 2026 Targets

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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