Marti introduces multi-modal subscription packages to increase rider usage and improve the operational efficiency of its two-wheeled electric vehicle business
29 Janvier 2024 - 1:00PM
Business Wire
Türkiye’s leading mobility super app Marti Technologies, Inc.
(“Marti” or the “Company”) (NYSE American: MRT) operates a fleet of
around forty thousand e-bikes, e-mopeds, and e-scooters, as well as
car-hailing and motorcycle-hailing services across the country. As
the largest multi-modal mobility operator in the country, Marti
today announced the introduction of subscription packages for
riders to use its two-wheeled electric vehicle services.
The subscription packages consist of a variety of daily and
weekly subscription options to prepurchase rides on any of Marti’s
e-bikes, e-mopeds, and e-scooters, as well as a monthly package to
prepurchase the right to perform unlimited rides on these three
modalities in the absence of a starting fare. Marti’s pricing
consists of a starting fare and a per minute fare, with the
starting fare accounting for less than 10% of Marti’s average ride
value.
The subscription packages are part of Marti’s efforts, launched
in 2023 and which the Company is building on in 2024, to increase
ridership and improve the operational efficiency of its two-wheeled
electric vehicle services. In pilot studies conducted across
various cities prior to the launch of the subscription packages,
the packages demonstrated increased ridership among package
subscribers and a positive contribution to Marti’s operational
efficiency and profitability(*).
The subscription packages are currently valid for use on Marti’s
e-bikes, e-mopeds, and e-scooters. In the first half of 2023,
multi-modal riders of these vehicles performed 2.6 times more
rides and produced 2.8 times more revenue for Marti than single
modality riders(*).
In line with Marti’s strategy of offering a single app to meet
all of the urban transportation needs of riders across Türkiye,
Marti has the opportunity to expand the contents of the
subscription packages to cover the Company’s car-hailing and
motorcycle-hailing services.
(*) Pilot results not necessarily indicative of future
attainment
About Marti:
Founded in 2018, Marti is Türkiye’s leading mobility app,
offering multiple transportation services to its riders. Marti
operates a ride-hailing service that matches riders with car and
motorcycle drivers, and operates a large fleet of rental 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 Statement 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 known and unknown
risks, uncertainties, assumptions, and other factors that may cause
actual results to differ materially from statements made in this
press release, including other important factors discussed under
the caption “Risk Factors” in the Company’s Registration Statement
on Form F-1 (including the documents incorporated by reference
therein), which was declared effective by the SEC on October 27,
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 “SEC Filings” section of the
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. All information provided in
this release is based on information available to the Company as of
the date of this press release and any forward-looking statements
contained herein are based on assumptions that the Company believes
are reasonable as of this date. Undue reliance should not be placed
on the forward-looking statements in this press release, which are
inherently uncertain. The Company undertakes no duty to update this
information unless required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240129961791/en/
Investor Contact Marti Technologies, Inc. Turgut Yilmaz
Investor.relations@marti.tech
Marti Technologies (AMEX:MRT)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024
Marti Technologies (AMEX:MRT)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024