tiprankstipranks
Marti Technologies says ride-hailing service reaches 1.61M riders
The Fly

Marti Technologies says ride-hailing service reaches 1.61M riders

Marti Technologies (MRT) announced that as of December 15, 2024, Marti’s ride-hailing service has reached 1.61 million riders and 255 thousand registered drivers, exceeding the December 31, 2024 targets of 1.60 million riders and 245 thousand registered drivers. Marti’s number of ride-hailing riders grew 15% from September 30, 2024 to December 15, 2024. The number of registered drivers grew 14% during the same time period. The fast growth in both the rider and driver sides of Marti’s ride-hailing marketplace demonstrates the strong need for the service across Turkiye. The service intends to provide readily available, safe, and affordable rides for riders, while providing economic opportunities for drivers across the income spectrum.Encouraged by the growth in the rider and driver bases of its ride-hailing business, Marti has set targets for 1.90 million riders and 290 thousand registered drivers by March 31, 2025. Of Marti’s 255 thousand registered drivers, 203 thousand are in Turkiye’s largest city, Istanbul. This is in contrast to 20 thousand taxis serving the city. With 10 times as many registered drivers as taxis serving the city of Istanbul, Marti is able to offer widespread availability across the city. Furthermore, Marti’s drivers undergo formal background checks before acceptance onto the service, thereby contributing to rider safety. The average rating of Marti’s ride-hailing drivers by riders is 4.8 out of 5 stars.

Pick the best stocks and maximize your portfolio:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App