Marti Technologies, Inc. MRT

Company Overview

Marti Technologies, Inc. is a Türkiye-based mobility technology company that operates app-based urban transportation services focused primarily on shared micro-mobility and ride-hailing. The company provides electric scooter rentals, e-bike and e-moped services, and vehicle ride-hailing offerings through its mobile platform. Marti operates within the broader mobility-as-a-service and transportation technology industries, targeting urban commuters seeking alternatives to private vehicle ownership and traditional public transportation. Its principal revenue drivers are usage-based transportation fees generated from shared vehicle rentals and ride-hailing transactions conducted through the Marti platform.

The company was founded in 2018 by Oğuz Alper Öktem and expanded rapidly across major Turkish metropolitan areas as demand for micro-mobility solutions increased. Marti became one of the earliest large-scale shared e-scooter operators in Türkiye and later diversified into broader mobility services through products such as ride-hailing and transportation matching services. The company completed a public listing on the New York Stock Exchange through a merger with a special purpose acquisition company in 2023, trading under the ticker MRT. Marti’s positioning is supported by local market familiarity, early-mover scale in Turkish micro-mobility, and an integrated consumer mobility application designed to consolidate multiple transportation modes into a single platform.

Business Operations

Marti generates revenue primarily through its shared mobility operations and ride-hailing platform services. Its shared mobility business includes fleets of electric scooters, e-bikes, and e-mopeds deployed in densely populated urban areas, with users paying per ride through the mobile application. The company also operates ride-hailing offerings under services including car, motorcycle, and taxi matching products that connect riders with drivers via the Marti platform. The company’s technology infrastructure includes fleet management systems, GPS-enabled vehicle tracking, user authentication systems, pricing algorithms, and proprietary mobile software applications.

Operations are concentrated in Türkiye, where Marti maintains services across numerous cities including Istanbul, Ankara, Izmir, and Antalya. The company manages vehicle deployment, charging, maintenance, and logistics internally while also relying on local operational partnerships and contractor networks to support fleet servicing and transportation activities. Public filings identify Martı İleri Teknoloji A.Ş. and related operating entities as core subsidiaries supporting Turkish operations. Marti’s business model combines physical mobility assets with software-based transportation matching services, allowing the company to participate in both vehicle-sharing and digital mobility platform markets.

Strategic Position & Investments

Marti’s strategic direction has focused on expanding beyond scooter rentals into a broader multi-modal transportation ecosystem. The company has invested in scaling its ride-hailing platform and increasing engagement across transportation categories in order to diversify revenue sources and improve user retention. Management has publicly emphasized growth in software-enabled mobility services, including driver-partner marketplaces and integrated transportation offerings accessible through a unified application. The company has also continued investing in fleet expansion, charging infrastructure, and operational optimization technologies intended to improve utilization and reduce servicing costs.

In public disclosures, Marti has highlighted its intention to capitalize on increasing urbanization, traffic congestion, and smartphone adoption within Türkiye. The company operates in an emerging mobility market where regulatory frameworks for micro-mobility and app-based transportation continue to evolve. While Marti has pursued platform expansion and technology development initiatives, publicly available information regarding large-scale international acquisitions or major equity investments remains limited. Data inconclusive based on available public sources regarding material international joint ventures or significant portfolio investments outside core Turkish mobility operations.

Geographic Footprint

Marti’s headquarters are located in Istanbul, Türkiye, and the company’s operational footprint is concentrated primarily within the Turkish market. Its services are available across multiple major metropolitan areas and tourism-oriented cities, with deployment strategies focused on dense urban regions where micro-mobility usage and transportation demand are highest. The company’s operational scale within Türkiye has made it one of the country’s most visible shared mobility providers.

Although Marti is publicly traded in the United States through its NYSE listing, its revenue base and operational activities remain predominantly tied to Türkiye. The company’s market presence is therefore primarily regional rather than global, though its public market access and investor base provide international capital market exposure. Available public filings do not indicate significant operational expansion outside Türkiye as of recent reporting periods.

Leadership & Governance

Marti was founded by Oğuz Alper Öktem, who has remained a central figure in the company’s strategic development and public positioning. Leadership has emphasized technology-enabled urban transportation, operational scalability, and consumer adoption of alternative mobility solutions. Corporate governance is overseen through a board structure consistent with U.S.-listed public company requirements following the company’s NYSE listing.

Key executives identified in recent public filings include:

• Oğuz Alper Öktem – Founder, Chief Executive Officer
• Deniz Alnıtemiz – Chief Financial Officer
• Sena Öktem – Chief Operating Officer

The company’s leadership strategy has focused on expanding mobility platform capabilities, improving fleet economics, and strengthening market penetration in major Turkish cities. Public company disclosures, including SEC filings, investor presentations, and exchange reporting documents, have been consistent in describing Marti’s objective of developing an integrated urban transportation platform centered on shared and technology-enabled mobility services.