Oracle releases AI Database 26ai with built-in artificial intelligence
ISTANBUL - Marti Technologies, Inc. (NYSE American:MRT), a mobility application company based in Türkiye, has been added to the S&P Global Broad Market Index (S&P Global BMI), effective Monday, September 22, 2025.
The S&P Global BMI encompasses over 14,000 companies across developed and emerging markets, using a rules-based methodology applied consistently across all included countries.
"Joining the S&P Global BMI marks an important milestone for Marti as we continue to build strong momentum in our ride-hailing business, expand our footprint and accelerate monetization," said Oguz Alper Oktem, Founder and Chief Executive Officer of Marti.
Founded in 2018, Marti offers various transportation services in Türkiye, including a ride-hailing platform that connects riders with car, motorcycle, and taxi drivers. The company also operates a fleet of rental electric mopeds, bikes, and scooters.
The index inclusion may increase the company’s visibility among index-tracking investors, according to the press release statement. Marti’s services are supported by proprietary software systems and IoT infrastructure.
The announcement comes as the company focuses on scaling its ride-hailing operations in the Turkish mobility market.
In other recent news, Marti Technologies has demonstrated significant growth in its financial performance, with a notable 70% increase in revenue year-over-year for the first half of 2025. This growth is attributed to the rapid expansion of its ride-hailing business and successful entry into six new cities. The company also reported an impressive increase in unique riders, reaching 2.3 million users, which surpassed previous projections. Despite this, Marti’s EBITDA slightly missed analyst expectations, according to Cantor Fitzgerald, which maintained a Neutral rating with a $3.00 price target.
Marti has also exceeded its ride-hailing targets ahead of schedule, achieving 2.52 million riders and 357,000 registered drivers by August 12, setting new goals for the end of the year. In a strategic move, Marti announced plans to hold up to 50% of its cash reserves in Bitcoin and potentially other cryptocurrencies, such as Ethereum and Solana. This decision is part of a new corporate treasury strategy, with digital assets to be managed through a regulated custodian. Benchmark has maintained its Buy rating for Marti, citing the company’s strong performance and setting a price target of $5.00.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.