Marti Technologies surpasses growth targets in Türkiye By Investing.com

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NEW YORK – Marti Technologies, a leader in urban transportation innovation in Türkiye, has surpassed its ambitious mid-year targets, achieving significant growth in its ride-hailing services. The company, which is listed on the NYSE American under the ticker MRT, reported over 380,000 riders and more than 90,000 drivers as of Sunday, with Istanbul alone accounting for over 70,000 drivers. This marks a considerable leap from the city’s 19,016 taxis.

The company’s success story began in 2019 with the introduction of e-scooter rentals and continued to evolve with the addition of e-bike and e-moped rentals in 2021 and car and motorcycle ride-hailing services in 2022. In June 2023, Marti set out with the goal of reaching 375,000 riders and 80,000 drivers by year-end. However, by this past Sunday, not only had these figures been exceeded ahead of schedule, but Marti also set revised year-end goals aiming for 450,000 riders and 100,000 drivers.

Marti’s achievements were recently acknowledged at a prestigious industry event where it was awarded the International Equity Capital Markets Deal of the Year at the Bonds, Loans, and ESG Capital Markets CEE, CIS & Türkiye Awards. This recognition came after Marti made history in July 2023 as the first Turkish company to list on the NYSE American.

The company’s milestones reflect its leading position in Türkiye’s urban transportation sector’s evolution. With a continuous commitment to innovation and expansion, Marti Technologies is setting new standards for mobility services in the region.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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