Marti Technologies Inc.

Marti Technologies, Inc., Türkiye's leading mobility super app, announced that as of September 2, 2026, its ride-hailing service has reached 4.90 million riders and 584 thousand registered drivers, exceeding its September 30, 2026 targets of 4.90 million riders and 580 thousand registered drivers a month ahead of schedule. The rider base grew 85% year-over-year, while registered drivers increased 57%, reflecting strong demand across Türkiye. Encouraged by this growth, Marti has set new targets of 5.65 million riders and 630 thousand registered drivers by December 31, 2026. The company's operations now span 30 cities, covering about 85% of the country's GDP, with the share of riders outside Istanbul rising from 35% to 46% and drivers outside Istanbul from 26% to 36% over the past year. McKinsey & Company estimates the Turkish ride-hailing market could reach $15 billion to $20 billion by 2030.

Marti Technologies reported second-quarter 2026 revenue of nearly $20 million, up 141% year-over-year, and achieved positive adjusted EBITDA of $2.9 million for the first time, a $5.3 million improvement from the prior year quarter. Gross profit margin expanded to a record 77%, and the company raised its full-year 2026 guidance to $85 million in revenue and $7 million in adjusted EBITDA. The company, which operates in 30 cities representing about 85% of Türkiye's GDP, saw trips increase 73% to 18.8 million and unique platform consumers grow 76% to 2.4 million. Marti also announced a multiyear partnership with Tensor to deploy autonomous vehicles and is building Türkiye's Autonomous Vehicle Alliance. The company's net loss was $12.5 million, including a one-time noncash loss on debt extinguishment of $8.3 million.

Marti Technologies and Tensor have signed a multi-year strategic partnership to purchase and deploy Tensor autonomous vehicles on Marti’s mobility platform in cities across Türkiye. Marti currently offers ride-hailing services in 20 cities representing roughly 80% of the country’s GDP, including Istanbul, Ankara, Izmir, Kocaeli, Bursa, Antalya, Konya, Adana, Mersin, Gaziantep, Tekirdağ, Manisa, Kayseri, Muğla, Sakarya, Samsun, Eskişehir, Denizli, Aydın, and Yalova. Following the launch, consumers will be able to hail Tensor autonomous vehicles directly within the Marti app. The Tensor Robocar is powered by a proprietary supercomputer that includes eight Thor-X NVIDIA GPUs.