Marti sets new targets for September 30, 2025 of 2.50 million riders and 350 thousand registered drivers
Marti Technologies, Inc. ("Marti" or the "Company") (NYSE American: MRT), Türkiye's leading mobility super app, announced today that as of June 3, 2025, Marti's ride-hailing service has reached 2.15 million riders and 314 thousand registered drivers, exceeding the June 30, 2025 targets of 2.15 million riders and 310 thousand registered drivers.
Marti's number of ride-hailing riders grew 12.7% from March 25, 2025 to June 3, 2025. The number of registered drivers grew 8.3% 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 2.50 million riders and 350 thousand registered drivers by September 30, 2025.
Of Marti's 314 thousand registered drivers, 241 thousand are in Türkiye's largest city, Istanbul. This is in contrast to 20 thousand taxis serving the city. With 12 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.
McKinsey 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 Company estimates the potential size of the Turkish ride-hailing market in 2030 at $15 billion to $20 billion
Expectations and targets are not necessarily indicative of future attainment.
About Marti:
Founded in 2018, Marti is Türkiye's leading mobility app, offering multiple transportation services to its riders. Marti operates a ride-hailing service that matches riders with car, motorcycle, and taxi drivers, and operates 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 www.marti.tech.
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 September 30, 2025, 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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Contacts:
Investor Contact
Marti Technologies, Inc.
Turgut Yilmaz
investor.relations@marti.tech
