Marti Technologies Inc. (NYSE American: MRT) reported that its ride-hailing service reached 3.80 million riders and 490,000 registered drivers as of March 17, 2026, surpassing targets originally set for March 31, 2026.

The Turkish mobility company said rider numbers grew 101% from March 17, 2025 to March 17, 2026, while registered drivers increased 70% during the same period. The company has set new targets of 4.30 million riders and 530,000 registered drivers by June 30, 2026.

Of the 490,000 registered drivers, 334,000 operate in Istanbul, compared to 20,000 traditional taxis serving the city. Marti's drivers maintain an average rating of 4.8 out of 5 stars from riders.

The company expanded its geographic reach, with operations now spanning 20 markets across Turkey, covering approximately 80% of the country's GDP. The proportion of riders based outside Istanbul grew from 18% to 34% over the past twelve months, while drivers outside the capital increased from 22% to 32% of the total base.

McKinsey & Company estimates Turkey's taxi market at $9 billion to $12 billion as of 2021, with the potential ride-hailing market projected to reach $15 billion to $20 billion by 2030 under a disruptive scenario, according to the press release.

Founded in 2018, Marti operates ride-hailing, delivery services, and rental fleets of electric vehicles including mopeds, bikes and scooters through its mobile application platform.