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Marti Technologies Announces Investment Plan, Adjusts 2025 EBITDA Forecast
ByAinvest
Tuesday, Jul 1, 2025 7:47 am ET1min read
Marti Technologies announces a new investment plan for 2025 and 2026, expanding to new cities in Turkey without charging drivers a subscription fee. The company will invest in growing its ride-hailing team and has revised its 2025 adjusted EBITDA forecast from $3.0 million to negative $17.0 million. Marti reiterates its 2025 revenue forecast of $34.0 million.
Marti Technologies has announced a new investment plan for 2025 and 2026, focusing on expanding its ride-hailing services to new cities in Turkey. The company has also revised its 2025 adjusted EBITDA forecast from $3.0 million to negative $17.0 million, while maintaining its 2025 revenue forecast of $34.0 million.The new investment plan aims to grow Marti's ride-hailing team and expand its services to cities with populations greater than 1,000,000 people. This expansion will help the company capitalize on Turkey's growing urban population and the increasing demand for tech-enabled mobility solutions.
Marti Technologies' decision to revise its 2025 adjusted EBITDA forecast reflects its commitment to capital-efficient growth. By focusing on expanding its ride-hailing services and improving operational efficiency, the company aims to capture a significant portion of Turkey's annual ride-hailing market, estimated to be worth $3,000,000,000.
The company's revised forecast highlights the challenges it faces in achieving profitability in the near term. However, Marti Technologies remains optimistic about its long-term prospects and believes that its strategic investments will pay off in the coming years.
Marti Technologies' expansion into new cities is expected to drive revenue growth and increase its market share in Turkey's urban mobility market. The company's dynamic pricing model and first-mover advantage in the region are also likely to contribute to its success.
References:
[1] https://www.perplexity.ai/finance/MRT
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