Marti Technologies (MRT) has released an update.
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Marti Technologies, a prominent mobility super app based in Türkiye, has reported significant progress in its ride-hailing division, surpassing operational targets with a first-half revenue of $8.4M despite a net loss of $21.9M. The company achieved a 59% market share in the two-wheeled electric vehicle rental segment and enhanced its operational efficiencies, including a successful acquisition of Zoba’s AI optimization technology, which has already paid off its purchase cost. Marti is set to continue investing in its ride-hailing service and targets substantial growth by the end of 2024.
For further insights into MRT stock, check out TipRanks’ Stock Analysis page.
