Company outlines strategy in developing Smarter
Mobility, Cleaner Cities, and Safer Rides
Marti Technologies Inc. (“Marti” or the “Company”) (NYSE
American: MRT), Türkiye’s leading mobility super app, offering ride
hailing and a large fleet of shared electric two-wheel vehicles,
today released its first Sustainability Report. The report
highlights Marti’s 2022 sustainability achievements as well as the
Company’s future commitments and is available on the Sustainability
tab of the Company’s investor relations website at
https://ir.marti.tech/sustainability.
“We are proud to present our first Sustainability Report, a
testament to our commitment towards building a more sustainable and
responsible future,” said Alper Oktem, Founder and CEO of Marti.
“We believe that everything on wheels will be electric and
everything electric will be shareable. At Marti, our focus is
offering transportation solutions with the goal of enhancing energy
efficiency and reducing carbon emissions. We recognize the
importance of sustainability and social impact, and our aim is to
integrate these core tenets into our business decisions. Marti is
committed to be at the forefront of Türkiye’s transformation in
transportation, advancing the adoption of electric and shared
vehicles. This is how we will maintain our position as the top
mobility app for millions of people across the country.”
The report addresses several key areas of focus, namely:
Smarter Mobility, Cleaner Cities, and Safer Rides.
Building upon the Company’s strength and performance across
various dimensions of sustainability, Marti introduced its
sustainability initiative “Move Forward. Together” this year. This
initiative offers a roadmap for sustainable growth founded upon
three strategic pillars: Smarter Mobility, Cleaner Cities, and
Safer Rides. Within this framework, the Company aims to increase
the accessibility of its vehicles (smarter mobility) while reducing
its environmental impact and promoting sustainable transportation
(cleaner cities) to increase safety for both riders and non-riders
(safer rides).
From an environmental perspective, Marti’s efforts have already
contributed to avoiding approximately 1,600 tons of CO2 emissions
in 2022. This is comparable to the CO2 absorption of approximately
72,000 fully grown trees. Our analysis highlights that Marti’s
e-bikes and e-mopeds exhibit a 40% lower environmental impact than
an average urban transportation journey in Türkiye, while its
e-scooters indicate an 18% reduction in CO2 emissions compared to
alternative modes of urban transportation in the country.
Marti is working towards achieving net-zero Scope 1 and Scope 2
emissions by 2030 with a goal to launch net-zero inbound logistics
operations by 2023 within Scope 3 emissions. To make essential
safety guidelines available to its riders and consumers, Marti is
integrating its safety resources onto a comprehensive online
platform to be unveiled as the “Marti Safety Academy” in 2024.
Marti also aims to achieve an expansion of e-scooter parking
locations by 300 by 2025.
The Sustainability Report addresses a range of critical areas,
including supply chain, employee relations, R&D initiatives,
customer satisfaction mechanisms, and more. To increase operational
efficiency, Marti launched a tracking mechanism that allows the
Company to closely monitor its field operations and manage its
workforce more accurately to improve productivity. Marti provided
its field team with 1,480 hours of Occupational Health and Safety
(OHS) training while providing 6,000 hours of training to its
subcontractors.
The Sustainability Report offers a solution within the circular
economy as the Company is diligently managing its raw materials and
preventing waste. Marti seeks to achieve a goal of achieving a 0%
landfill rate by 2030 through reuse, repair, or recycling of all
materials. This is due to collaboration with external recycling
firms to responsibly manage the Company’s waste, currently
resulting in a 0% landfill rate for all outputs of its processes.
In 2022 alone, Marti provided its certified recycling partner with
over 109.9 tons of waste, including mixed metals, lithium-ion
batteries, electronic waste, paper/cardboard, plastics, mixed
packaging waste, and rubber.
Marti seeks to incorporate sustainability into each business
decision and is resolute in altering Türkiye’s transportation
landscape to promote more sustainable travel for generations to
come.
About Marti Technologies, Inc.
Founded in 2018, Marti is Türkiye’s leading mobility app,
offering multiple transportation services to its riders. Marti has
launched a ride hailing service that matches riders with drivers
traveling in the same direction and operates a large fleet of
e-mopeds, e-bikes, and e-scooters. All of Marti’s offerings are
serviced by proprietary software systems and IoT infrastructure.
For more information visit www.marti.tech.
Cautionary Note Regarding Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, also known as the Private Securities Litigation Reform Act
of 1995. Any express or implied statements contained in this press
release that are not statements of historical fact and generally
relate to future events, hopes, intentions, strategies, or
performance may be deemed to be forward-looking statements,
including but without limitation to statements regarding our
ability to achieve the sustainability targets, goals, objectives or
programs set forth under our sustainability strategy, “Move
Forward. Together,” and descriptions of the Company’s plans,
initiatives or objectives for future operations, or the timing of
occurrence related to any of the foregoing. Words such as “expect,”
“estimate,” “project,” “budget,” “forecast,” “anticipate,”
“intend,” “plan,” “may,” “will,” “could,” “should,” “might,”
“possible,” “believe,” “predict,” “potential,” “continue,” “aim,”
“strive,” and similar expressions may identify such forward-looking
statements, but the absence of these words does not mean that a
statement is not forward-looking. These forward-looking statements
involve significant risks and uncertainties that could cause the
actual results to differ materially from the expressed or implied
forwarding-looking statements, including, but not limited to: (i)
the effect of the public listing of our securities on our business
relationships, performance, financial condition and business
generally, (ii) risks that the business combination may disrupt our
current plans or divert management’s attention from our ongoing
business operations, (iii) the outcome of any legal proceedings
that may be instituted against us or our directors or officers
related to the business combination or otherwise, (iv) our ability
to maintain the listing of our securities on the NYSE American, (v)
volatility in the price of our securities due to a variety of
factors, including without limitation changes in the competitive
and highly regulated industries in which we currently or plan to
operate, variations in competitors’ performance and success and
changes in laws and regulations affecting our business, (vi) our
ability to implement business plans, forecasts, and other
expectations, and identify opportunities, (vii) the risk of
downturns in the highly competitive tech-enabled mobility services
industry, (viii) our ability to build our brand and consumers’
recognition, acceptance and adoption of our brand, (ix) the risk
that we may not be able to effectively manage our growth, including
our design, research, development and maintenance capabilities, (x)
technological changes and risks associated with doing business in
an emerging market, (xi) risks relating to our dependence on and
use of certain intellectual property and technology and (xii) and
other important factors discussed under the caption “Risk Factors”
in the Company’s preliminary prospectus filed with the Securities
and Exchange Commission (the “SEC”) on July 31, 2023, as such
factors may be updated from time to time in the Company’s other
filings with the SEC, accessible on the SEC’s website at
www.sec.gov and the Investors Relations section of Company’s
website at https://ir.marti.tech. Any investors should carefully
consider the risks and uncertainties described in the documents
filed by the Company from time to time with the SEC as most of the
factors are outside the Company’s control and are difficult to
predict. As a result, the Company’s actual results may differ from
its expectations, estimates and projections and consequently, such
forward-looking statements should not be relied upon as predictions
of future events. The Company cautions not to place undue reliance
upon any forward-looking statements, including projections, which
speak only as to management expectations and beliefs as of the date
they are made. The Company disclaims any obligation or undertaking
to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, other than
to the extent required by applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230905918149/en/
Investor Contact Marti Technologies, Inc. Ozge Arcasoy
Investor.relations@marti.tech
Press Contact Brad Burgess, SVP ICR, LLC
brad.burgess@icrinc.com
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