News & Events zu Marti Technologies Inc (MRT)MRTMarti Technologies Inc

Marti Technologies Partners with CalmCar to Introduce Autonomous Driving Technology

Marti Technologies announced a partnership with CalmCar, a China-based provider of autonomous driving solutions, to bring autonomous driving technology to Marti's mobility platform in Turkiye. Marti currently offers ride-hailing services in 40 cities across Turkiye representing approximately 90% of the country's GDP. The first vehicle equipped with CalmCar's autonomous driving technology has arrived in Turkiye, and Marti expects to begin closed-area testing of the vehicle in Istanbul, subject to obtaining required test permits. Following launch, Marti platform consumers will be able to experience the autonomous driving technology using the Marti app. Founded in 2016 and headquartered in Suzhou, China, CalmCar is a software-focused provider of L2-L2+ and Level 4 autonomous driving solutions. CalmCar's Level 4 autonomous driving technology powers robobus services in regular operation in Chinese cities including Chongqing and Chengdu.

Marti Technologies Launches Ride-Hailing Service in 10 Additional Cities in Turkiye

Marti Technologies announced the launch of its ride-hailing service in 10 additional cities across Turkiye, bringing its ride-hailing footprint to 40 cities and expanding its reach to markets representing approximately 90% of Turkiye's GDP. The latest expansion builds on the company's continued growth beyond Istanbul, including the launch of service in 10 new cities in August 2026. The share of Marti's ride-hailing riders located outside of Istanbul reached 47% as of October 27, 2026, up from 36% as of October 27, 2025. Over the same period, the share of Marti's registered drivers based outside of Istanbul grew from 28% to 38%.

Marti Technologies Increases Share Repurchase Authorization to $5 Million

Marti Technologies announced that its Board of Directors has increased the authorization under the company's share repurchase program from $2.5M to $5M and extended the Repurchase Program through April 26, 2027. The expanded authorization reflects Marti's continued commitment to disciplined capital allocation and provides the company with additional flexibility to repurchase its Class A ordinary shares when market conditions and other factors are favorable. The Board maintained the existing $6.00 per-share ceiling for repurchases. Approximately $3.8M remains available for repurchases under the Repurchase Program as of September 9, 2026. Marti's shares closed at $2.13 per share on September 9, 2026. Since initiating its share repurchase program in January 2024, Marti has repurchased 795,467 Class A ordinary shares at an average price of $1.95 per share, representing an aggregate purchase price of approximately $1.6M. The expanded Repurchase Program is effective immediately and will remain in place through April 26, 2027, unless modified, suspended or discontinued earlier by the Board. Repurchases may be made from time to time in privately negotiated or open-market transactions in accordance with applicable securities laws and regulations, including Rule 10b-18 under the Securities Exchange Act of 1934, as amended.