Marti’s NYSE Public Listing Recognized as International Equity Capital Markets Deal of the Year in CEE, CIS & Türkiye’s Capital Markets

Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), Türkiye’s leading mobility super app and only multi-modal urban mobility provider, listed on the New York Stock Exchange American (“NYSE”) in July of this year. Marti’s public listing was recognized as the International Equity Capital Markets Deal of the Year by Bonds, Loans, and ESG Capital Markets CEE (Central and Eastern Europe), CIS (Commonwealth of Independent States) & Türkiye Awards 2023.

The Bonds, Loans, and ESG Capital Markets event is a leading corporate finance and investment banking event in emerging and frontier markets across Eastern Europe, Middle East, Asia, South America, and Africa. This year’s CEE, CIS & Türkiye event was attended by finance ministries, large corporations, investment banks, and legal firms across the region. Other awardees at this year’s event included the Republic of Türkiye for its $2.5 billion green bond issuance and the payments arm of Türkiye’s leading telecommunications operator Turkcell for its 200 million TL sukuk issuance.

Marti is an innovator in Türkiye’s urban transportation sector, as the first company to introduce e-scooter rental services in the country in 2019. Marti built on its track record of innovation by being the first company to introduce e-bike and e-moped rental services in Türkiye in 2021. Marti most recently launched its car and motorcycle ride-hailing services in the country in 2022.

As of November 13, 2023, Marti’s ride-hailing service had reached over 380,000 riders and over 90,000 registered drivers. Over 70,000 of these drivers are in Türkiye’s largest city, Istanbul. This is in contrast to 19,016 taxis serving the city. These figures have already exceeded the year-end targets of 375,000 riders and 80,000 registered drivers which Marti set in June 2023, and have been achieved a month and a half earlier than planned. Encouraged by the growth in its rider and driver bases, Marti has set revised targets for 450,000 riders and 100,000 registered drivers by December 31, 2023.

Complementing its role as a pioneer in introducing innovative urban transportation services in Türkiye, Marti’s July 2023 public listing on the NYSE American marks the first direct listing of a company in Türkiye on the NYSE. Marti hopes that this pioneering transaction, now recognized as the International Equity Capital Markets Deal of the Year in CEE, CIS & Türkiye’s Capital Markets, serves as a model for other companies in Türkiye and the region. Marti will continue to innovate by introducing and scaling first of its kind services in Türkiye, and by performing first of its kind financial transactions that clear the path for other companies in Türkiye and the region.