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Marti Technologies Stock Price, News & Analysis

MRT NYSE

Welcome to our dedicated page for Marti Technologies news (Ticker: MRT), a resource for investors and traders seeking the latest updates and insights on Marti Technologies stock.

Marti Technologies Inc (MRT) delivers electric urban mobility solutions through its integrated fleet of e-mopeds, e-bikes, and e-scooters powered by proprietary IoT systems. This dedicated news hub provides investors and industry observers with verified updates on corporate developments, financial performance, and technological advancements.

Access real-time announcements including quarterly earnings, strategic partnerships, fleet expansion initiatives, and sustainability progress. Our curated repository ensures transparent access to press releases, regulatory filings, and operational milestones directly from Marti Technologies.

Key coverage areas include technology innovations in vehicle connectivity, market expansion updates across urban centers, and financial disclosures critical for informed analysis. Bookmark this page for streamlined tracking of MRT's evolving position in the competitive micromobility sector.

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Marti Technologies (NYSE American: MRT), Türkiye's leading mobility super app, announced a significant development in the ride-hailing sector. The Ministry of Treasury and Finance has issued a ruling enabling ride-hailing drivers to pay income taxes on their earnings through the Marti app. This decision requires drivers to establish corporate entities in compliance with Türkiye's tax code.

CEO Oguz Alper Oktem views this as a positive step towards confirming the legality of ride-hailing driver income. The ruling allows Marti to digitally collect and transmit information about rides, income, and tax obligations to the authorities. To support this transition, Marti is offering legal guidance and financial support to drivers in setting up corporate entities.

McKinsey & Company estimates the potential Turkish ride-hailing market size at $15-20 billion by 2030. Marti projects that the sector could generate around $2 billion in annual tax revenue at steady state, addressing the issue of tax leakage prevalent in the traditional taxi sector.

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Marti Technologies, Türkiye’s leading mobility super app, announced that its ride-hailing service exceeded its June 30, 2024 targets, reaching over 1,100,000 riders and 170,000 registered drivers. This represents a 121% increase in riders and a 60% increase in drivers from December 31, 2023. The company has now set new targets for September 30, 2024: over 1,300,000 riders and 190,000 registered drivers. In Istanbul alone, Marti boasts over 141,000 drivers compared to 19,845 taxis. Marti’s drivers undergo background checks and hold an average rating of 4.8 out of 5 stars. The Turkish ride-hailing market is projected to grow significantly, with McKinsey & Company estimating it could reach $15 billion to $20 billion by 2030.

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Pershing Square Capital Management (PSCM) has announced the sale of a 10% common equity interest in Pershing Square Holdco, a new partnership owning 100% of PSCM, for $1.05 billion to strategic investors including Arch Capital Group (ACGL). This sale involves an internal reorganization of PSCM's ownership structure, resulting in a deemed assignment under the Investment Advisers Act of 1940. The reorganization has been approved by the Pershing Square Holdings (PSH) board, ensuring no changes to PSCM's management team or its investment management role. Furthermore, an independent Board of Directors has been established. Bill Ackman remains the largest shareholder of the controlling The transaction aims to accelerate growth in assets under management and maintain high long-term returns for investors.

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Pershing Square Capital Management announced the sale of a 10% common equity interest in Pershing Square Holdco for $1.05 billion to a group of strategic investors, including Arch Capital Group (NASDAQ: ACGL). This strategic investment aims to accelerate Pershing Square's growth in assets under management.

Additionally, Pershing Square has established an independent Board of Directors and reorganized its ownership structure. This reorganization includes the creation of a liability company controlled by senior management. The transaction will not affect Pershing Square’s investment management services.

Bill Ackman, Pershing Square's founder and CEO, expressed enthusiasm about the new investors and the growth opportunities they bring. Key appointments following the transaction include Ben Hakim as President and Nick Botta as Vice Chairman.

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Marti Technologies, Türkiye’s leading mobility app, announced substantial growth in its ride-hailing service, reaching over 925,000 riders and 155,000 registered drivers as of May 20, 2024. This surpasses its June 2024 targets of 900,000 riders and 155,000 drivers, achieved 1.5 months early. Rider numbers increased by 86% and drivers by 46% from December 2023 to May 2024.

Encouraged by this growth, Marti revised its June 2024 targets to 1,000,000 riders and 165,000 drivers. Notably, over 130,000 of these drivers operate in Istanbul, which has only 19,845 taxis. Marti ensures rider safety through formal background checks, and drivers are rated 4.8 out of 5 stars.

Despite not enabling online payments or charging fees, Marti's ride-hailing service has significantly disrupted the market. McKinsey & Company estimates Türkiye's taxi market at $9-12 billion, with potential growth to $15-20 billion by 2030 due to ride-hailing.

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Marti Technologies has appointed Oguz Erkan as the new CFO, effective May 17, 2024, replacing Cem Yasar Ozey. Erkan brings extensive experience from his roles at GlaxoSmithKline and Arçelik-Beko, making him well-suited to support Marti’s growth. The company appreciates Ozey's contributions during their first year as a US public company. CEO Oguz Alper Oktem highlighted Erkan's expertise in managing large-scale finances and completing value-creation projects. Erkan holds degrees in Business Administration and an Executive MBA from Koç University.

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FAQ

What is the current stock price of Marti Technologies (MRT)?

The current stock price of Marti Technologies (MRT) is $3.03 as of June 30, 2025.

What is the market cap of Marti Technologies (MRT)?

The market cap of Marti Technologies (MRT) is approximately 188.3M.
Marti Technologies

NYSE:MRT

MRT Rankings

MRT Stock Data

188.32M
37.49M
46.25%
17.8%
0.17%
Software - Application
Services-auto Rental & Leasing (no Drivers)
Link
Turkey
WASHINGTON