Marti Technologies, Inc. (NYSE: MRT) shares are up 7.50% as of the last pre-market check at $3.01. The increase in MRT stock price on the US charts comes after the business revealed that it had surpassed important operating goals ahead of schedule.
The User and Driver Base Outpaces Forecasts
As of June 3, 2025, Marti Technologies said that its ride-hailing network had 2.15 million customers and 314,000 registered drivers. These figures exceed the company’s original targets of 310,000 drivers and 2.15 million riders by June 30, 2025.
Between March 25 and June 3, the number of registered drivers increased by 8.3%, while at the same time period, rider growth jumped by 12.7%. These increases show that Marti’s services are becoming more and more in demand across Turkey.
Aggressive Growth Targets for Q3 2025
Following this momentum, Marti has raised its targets for the third quarter of 2025. By September 30, the platform aims to reach 2.5 million riders and 350,000 registered drivers. This continued expansion is positioned to support both rider accessibility and driver income opportunities, with a focus on safety, affordability, and city-wide coverage.
Market Potential and Competitive Edge
In 2021, the taxi industry in Turkey was estimated by McKinsey & Company to be worth between $9 billion and $12 billion. According to its “Disruptive Scenario 2030,” ride-hailing systems that provide cheaper prices and greater convenience could propel the market’s growth to $15 billion to $20 billion.
With 241,000 of its registered drivers operating in Istanbul, Marti has a significant presence there compared to the 20,000 taxis in the city. Wider service coverage is made possible by this 12-fold benefit. In order to promote rider safety, all drivers also go through official background checks. The average driver rating right now is 4.8 stars out of 5.
Given its quick expansion and solid market share, Marti appears to be in a good position to benefit from Turkey’s changing mobility scene.
