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NEWS
Marti’s Ride-Hailing Service Reaches 1.61 Million Riders and 255 Thousand Registered Drivers, Exceeding December 31, 2024 Targets of 1.60 Million Riders and 245 Thousand Registered Drivers Half a Month Earlier Than Planned
Marti Technologies (NYSE American: MRT) has exceeded its December 2024 targets ahead of schedule, reaching 1.61 million riders and 255,000 registered drivers by December 15, 2024. The company's ride-hailing service demonstrated strong growth with a 15% increase in riders and 14% increase in drivers from September 30 to December 15, 2024.
In Istanbul, Marti has 203,000 registered drivers, ten times more than the city's taxi fleet. The company began monetizing its ride-hailing service in October 2024 and projects $34.0 million in revenue and $3.0 million in adjusted EBITDA for 2025, up from 2024 targets of $16.6 million revenue and $(22.5) million adjusted EBITDA. McKinsey estimates Türkiye's potential ride-hailing market could reach $15-20 billion by 2030.
In Istanbul, Marti has 203,000 registered drivers, ten times more than the city's taxi fleet. The company began monetizing its ride-hailing service in October 2024 and projects $34.0 million in revenue and $3.0 million in adjusted EBITDA for 2025, up from 2024 targets of $16.6 million revenue and $(22.5) million adjusted EBITDA. McKinsey estimates Türkiye's potential ride-hailing market could reach $15-20 billion by 2030.
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