Marti offers environmentally sustainable transportation services to its riders, with rentable services delivered via fully electric two-wheeled vehicles and a ride-hailing service that promotes shared trips to reduce emissions in the cities where it operates. The company operates as Turkey's leading mobility platform but faces profitability challenges as it scales its multi-modal transportation strategy.
Cyborg Score Rationale
The company is currently unprofitable and not forecast to become profitable over the next 3 years. While Marti holds a strong market position in Turkey's urban mobility sector with a diversified service portfolio (ride-hailing + micro-mobility), it operates in a competitive market with limited geographic reach outside Turkey.
Top Insights
The company's offerings are serviced by software systems and Internet of Things (IoT) infrastructure, with an AI-powered SaaS platform that powers rider-driver matching and dynamic pricing
Marti operates two service offerings across Turkish metropolitan areas: ride-hailing service with cars, motorcycles, and taxi drivers, and a company-owned fleet of e-mopeds, e-bikes, and e-scooters
The company operates as a mobility super app combining ride-hailing and shared electric vehicles on a single platform
Market capitalization of approximately $155.6 million as of June 2026, with limited analyst coverage relative to larger ride-hailing competitors
Named Competitors
Uber — Global ride-hailing and micro-mobility platform
Lyft — Ride-hailing platform in North America
Bolt — European ride-hailing and micro-mobility operator
Recent Developments
(January 2024) Completed redemption of outstanding warrants (MRT.WS) for $0.07 per warrant
(July 2023) Completed business combination with Galata Acquisition Corp. and began trading on NYSE American
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