Marti Technologies reports 1H revenue $14.3M vs. $8.4M last year

Total rides including ride-hailing and two-wheeled electric vehicle services reached 19.23M in 1H’25, an increase of 5.59M, or 40.9%, compared to 13.65M in 1H’24. Total unique riders including ride-hailing and two-wheeled electric vehicle services reached 1.69M in 1H’25, an increase of 0.30M, or 21.3%, compared to 1.39M in 1H’24, due to increasing number of ride-hailing riders. Rides per unique rider reached 11.4 in 1H’25, an increase of 1.6, or 16.2%, compared to 9.8 in 1H’24, due to increased availability and rider awareness of service offerings across cities driving higher utilization. “Over the first half of 2025, we have continued to build strong momentum in our ride-hailing business, expanding our footprint and accelerating monetization,” said Oguz Alper Oktem, Founder and CEO. “As the only ride-hailing operator at scale in Turkiye, we serve 2.76 million unique riders with 382 thousand registered drivers as of September 20, 2025, exceeding our September 30, 2025 targets and reinforcing our market leadership. Our 2025 ride-hailing monetization strategy is on track to meet 2025 guidance. Through our new investments, we aim to enhance service quality and improve user experience across all markets. We are executing on our previously announced 2025-2026 investment plan, which includes launching ride-hailing operations in six additional cities, expanding our addressable market by 1.5x, and rapidly growing our ride-hailing team.We believe 2025 will be a pivotal year of scale and financial performance, with strong revenue growth and a meaningful improvement in Adjusted EBITDA, as we move swiftly to capture the growing opportunity for ride-hailing throughout Turkiye. Additionally, during the first half of 2025 we continued to focus on profitability enhancing measures in our two-wheeled electric vehicle service, successfully deploying efficiency initiatives and further supporting the service with a promotional discount campaign to attract new riders and reactivate churned riders. Our two-wheeled electric vehicle campaign also helped attract more riders to our app, accelerating the growth of our ride-hailing service. We continue to take advantage of strong marketing and operational synergies across our tech-enabled mobility platform and we believe the progress made in both services positions us well for continued growth in the second half of 2025.”