Marti Technologies Inc. Surpasses Targets with Rapid Growth in Ride-Hailing Service
In a remarkable display of growth and market penetration, Marti Technologies Inc., a leading urban transportation service provider based in Istanbul, Turkey, has announced that its ride-hailing service has surpassed its targets for June 2025, a full month ahead of schedule. As of June 3, 2025, Marti’s platform has successfully matched 2.15 million riders with 314,000 registered drivers, exceeding its initial targets of 2.15 million riders and 310,000 drivers set for June 30, 2025. This achievement underscores the company’s robust growth trajectory and its increasing dominance in Turkey’s mobility sector.
The company’s ride-hailing service has seen a significant increase in both riders and drivers, with a 12.7% growth in riders and an 8.3% increase in registered drivers from March 25, 2025, to June 3, 2025. This surge reflects the high demand for Marti’s services across Turkey, driven by its commitment to providing safe, affordable, and readily available transportation options. Marti’s platform, which integrates a sophisticated software system and IoT infrastructure, facilitates the efficient matching of riders traveling in the same direction with drivers operating a large fleet of e-mopeds, e-bikes, and e-scooters.
Encouraged by this rapid growth, Marti Technologies has set new ambitious targets for September 30, 2025, aiming to reach 2.50 million riders and 350,000 registered drivers. This forward-looking approach not only highlights Marti’s confidence in its business model and operational capabilities but also its commitment to expanding its service offerings and enhancing user experience.
Despite the impressive growth in its ride-hailing service, Marti Technologies faces challenges in the financial markets. As of June 4, 2025, the company’s stock closed at $2.8, reflecting a decline from its 52-week high of $3.89 on January 15, 2025, and a significant recovery from its 52-week low of $1.32 on August 4, 2024. The company’s market capitalization stands at approximately $234.83 million, with a price-to-earnings ratio of -2.36, indicating the market’s cautious stance towards its earnings potential.
In the broader context of the transportation and mobility sector, Marti Technologies’ achievements and strategic initiatives position it as a key player in Turkey’s urban transportation landscape. The company’s ability to rapidly scale its operations and exceed growth targets demonstrates its resilience and adaptability in a competitive market. As Marti Technologies continues to innovate and expand its service offerings, it remains well-positioned to capitalize on the growing demand for sustainable and efficient urban transportation solutions.
In conclusion, Marti Technologies Inc.’s recent performance and strategic outlook reflect its strong market position and potential for continued growth. With its eyes set on ambitious new targets, Marti is poised to further solidify its status as Türkiye’s leading mobility super app, driving forward the future of urban transportation.