# Marti Ileri Teknoloji A.S.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/marti-ileri-teknoloji-a-s

- Industry: Internet
- Headquarters: Istanbul, Turkey
- Website: www.marti.tech
- Total disclosed funding: $43M
- Latest round: Series B (Jun 28, 2021)
- Investors on record: 12

## About

Marti Ileri Teknoloji A.S. is a mobility technology company focused on providing eco-friendly transportation solutions, including electric scooters and bicycles, enhancing urban mobility in Turkey's metropolitan areas.Founded in 2018 in Istanbul, Turkey, Marti Ileri Teknoloji A.S. specializes in mobility solutions through its innovative app. The company has successfully raised USD 30 mn in Series B funding as of June 2021, led by the European Bank for Reconstruction and Development and other investors such as Actera, Autotech Ventures, and Bossa Nova Investimentos. The founders, Cankut Durgun, Oguz Oktem, and Sena Oktem, have experience in technology and entrepreneurial ventures, contributing to Marti's growth in urban transportation services.Marti – Turkey's Mobility Super App offers a comprehensive suite of transportation solutions designed to address urban mobility challenges. Its core product offerings include electric scooters, bicycles, and motorbike rentals, providing users with eco-friendly and convenient options for short-distance travel. These services facilitate seamless and efficient transportation in densely populated urban areas, significantly reducing reliance on traditional vehicles. The app was launched to cater to the growing demand for sustainable transportation alternatives, appealing to a diverse customer base that includes daily commuters, tourists, and environmentally conscious individuals. Marti's services are primarily offered in major Turkish cities, including Istanbul, Ankara, and Izmir, targeting both local residents and visitors seeking accessible mobility solutions.Marti generates revenue through a transactional structure primarily based on pay-per-use rentals and subscription models for its various mobility services. Customers engage with the platform by purchasing ride credits or opting for subscription plans that provide discounted rates for frequent users. This transactional model allows for flexible usage, appealing to both individual users and corporate partners who may integrate Marti’s services into their employee transportation programs. The pricing structure for the services is designed to be competitive, encouraging high adoption rates among users. Flagship products, such as the electric scooter and bike rentals, are central to the company’s revenue generation strategy, ensuring a steady flow of transactions as users access these services for their daily commuting needs.Marti Ileri Teknoloji A.S. plans to leverage the recent USD 30 mn funding from its Series B round, completed in June 2021, to introduce new mobility products and expand its services into additional Turkish cities and potentially other regions by mid-2022. The investment will support product development, enhance service capabilities, and facilitate geographic expansion, enabling Marti to meet the increasing demand for sustainable urban transportation solutions.

## Funding rounds

- Series B, Jun 28, 2021, $30M — European Bank for Reconstruction and Development, Endeavor Catalyst, BECO Capital, Autotech Ventures, Bossa Nova Investimentos, Actera
- Series A, Jul 1, 2019, $13M — Borusan Group, 212, Telegraph Hill Capital, BECO Capital, Wamda Capital, Sanko Enerji, Adapt Ventures

## Investors

- Borusan Group — Series A
- 212 (https://capitalatlas.ai/funds/212) — Series A
- Telegraph Hill Capital (https://capitalatlas.ai/funds/telegraph-hill-capital) — Series A
- BECO Capital (https://capitalatlas.ai/funds/beco-capital) — Series A, Series B
- Wamda Capital (https://capitalatlas.ai/funds/wamda-capital) — Series A
- Sanko Enerji — Series A
- Adapt Ventures (https://capitalatlas.ai/funds/adapt-ventures) — Series A
- European Bank for Reconstruction and Development — Series B
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series B
- Autotech Ventures (https://capitalatlas.ai/funds/autotech-ventures) — Series B
- Bossa Nova Investimentos (https://capitalatlas.ai/funds/bossa-nova-investimentos) — Series B
- Actera — Series B