← Back

Marti Technologies Inc.

Marti Technologies, Inc. provides tech-enabled urban transportation services to riders in Turkey. It operates a mobility app that provides multiple transportation services, such as a ride-hailing service which matches riders with car, motorcycle, and taxi drivers, as well as operates a fleet of e-mopeds, e-bikes, and e-scooters. The company was founded in 2018 and is headquartered in Istanbul, Turkey.

Price · split & dividend adjusted
News & notes moving MRT
Robotics & Physical AI

Marti Reports First Positive Adjusted EBITDA, Raises 2026 Guidance

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.
The Motley Fool·15hRead more ▾
Robotics & Physical AI

Marti partners with Tensor to deploy autonomous vehicles in Turkey

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.
Seeking Alpha·44dRead more ▾
MRT

Marti stock drops after Turkish court rules ride-hailing business constitutes unfair competition

Marti Technologies shares fell 3% in pre-market trading after a Turkish commercial court ruled that its ride-hailing business constitutes unfair competition, partially granting claims brought by local drivers and automobile trade associations. The Istanbul 14th Commercial Court of First Instance rejected the plaintiffs' requests to block access to Marti's mobile application and website. The company's ride-hailing, e-scooter, and e-moped services will continue operating uninterrupted while Marti prepares to appeal the decision.
Seeking Alpha·61dRead more ▾