The Micromobility Newsletter

The Micromobility Newsletter

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The Micromobility Newsletter
The Micromobility Newsletter
Marti Reports $18.7m Revenue and $73.9m Net Loss in 2024
Micromobility Pro

Marti Reports $18.7m Revenue and $73.9m Net Loss in 2024

Full breakdown of Marti's 2024 financials

Jun 05, 2025
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The Micromobility Newsletter
The Micromobility Newsletter
Marti Reports $18.7m Revenue and $73.9m Net Loss in 2024
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Welcome to Micromobility Pro, a bi-weekly publication which is part of The Micromobility Newsletter, where we deep-dive into financials of micromobility companies and exclusive insights tailored for professionals and members.


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Contents

  • About Marti

  • 2024 Financial Performance

  • Chart: Revenue vs Net Result

  • Cost Structure

  • P&L Shapshot

  • Cash Position & Balance Sheet

  • Consolidated Balance Sheet

  • 2025 Outlook

  • Conclusion

About Marti

Marti is Turkey’s leading mobility app, offering multiple transportation services to its riders. Marti operates a ride-hailing service that matches riders with car, motorcycle, and taxi drivers, and owns and operates a large fleet of e-mopeds, e-bikes, and e-scooters. Marti operates in 4 of Turkey’s largest cities.

2024 Financial Performance

Marti reported total revenue of $18.66m in 2024, a 6.8% decline from $20.03m in 2023. The drop was primarily due to a reduced number of micromobility vehicles in service, which averaged 32,597 for the year (2023: 34,585).

Despite revenue decline, Marti improved gross profit by 28.8%, cutting gross loss from -$4.05m to -$2.88m. These gains were driven by increased vehicle lifespan, exits from low-margin cities, and field operations efficiency.

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