About MARTI
MARTI is a company based in Istanbul (Turkey) founded in 2018 by Alper Oktem.. MARTI has raised $27 million across 3 funding rounds from investors including EBRD VCIP, Endeavor and Wamda Capital. MARTI has completed 1 acquisition, including Zoba. MARTI operates in a competitive market with competitors including BinBin, Biri, HOP! Scooter, ETKU and HEY SCOOTER, among others.
- Headquarter Istanbul, Turkey
- Founders Alper Oktem
-
Sectors
Transportation, Automotive & Logistics
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
$18.66 M-6.84as on Dec 31, 2024
-
Net Profit
$-73.88 M-118.49as on Dec 31, 2024
-
EBITDA
$-54.57 M-220.45as on Dec 31, 2024
-
Total Equity Funding
$27 M (USD)
in 3 rounds
-
Latest Funding Round
-
Investors
EBRD VCIP
& 3 more
-
Employee Count
Employee Count
- Investments & Acquisitions
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Funding Insights of MARTI
MARTI has successfully raised a total of $27M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
-
First Round
First Round
(01 Jun 2019)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series B - MARTI | Valuation | EBRD | |
| Jul, 2020 | Amount | Series B - MARTI | Valuation | Wamda Capital , 212 Vc |
|
| Jun, 2019 | Amount | Series A - MARTI | Valuation | 212 Vc , Wamda Capital |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MARTI
MARTI has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include EBRD VCIP, Endeavor and Wamda Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Early-stage tech investments are made in Europe and Asia.
|
Founded Year | Domain | Location | |
|
Endeavor is focused on supporting high-impact entrepreneurs globally.
|
Founded Year | Domain | Location | |
|
Tech & Offline focused VC firm investing in seed & growth stage startups in the US & UAE
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by MARTI
MARTI has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Zoba. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
An AI-powered platform for geospatial analytics is provided by Zoba.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - MARTI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Marti Comparisons
Competitors of MARTI
MARTI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BinBin, Biri, HOP! Scooter, ETKU and HEY SCOOTER, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric kick scooter rentals are facilitated via a mobile app.
|
|
| domain | founded_year | HQ Location |
Provides an app-based rental platform for self-driving electric kick scooters.
|
|
| domain | founded_year | HQ Location |
Electric kick scooters are rented through a mobile application.
|
|
| domain | founded_year | HQ Location |
An app-based platform for renting electric-kick scooters, promoting convenient urban mobility.
|
|
| domain | founded_year | HQ Location |
App-based service for renting electric scooters in urban areas.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Marti
Frequently Asked Questions about MARTI
When was MARTI founded?
MARTI was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is MARTI located?
MARTI is headquartered in Istanbul, Turkey.
Who is the current CEO of MARTI?
Alper Oktem is the current CEO of MARTI. They have also founded this company.
Is MARTI a funded company?
MARTI is a funded company, having raised a total of $27M across 3 funding rounds to date. The company's 1st funding round was a Series A of $2M, raised on Jun 01, 2019.
What is the annual revenue of MARTI?
Annual revenue of MARTI is $18.66M as on Dec 31, 2024.
What does MARTI do?
MARTI was founded in 2018 in Istanbul, Turkey, within the mobility technology sector. Ride-hailing operations are managed through an app that provides multiple transportation choices, including scooters. Nearby vehicles are located and booked by users scanning QR codes. Rentals are completed by submitting location data, personal details, and payment information, supporting urban mobility needs.
Who are the top competitors of MARTI?
MARTI's top competitors include BinBin, HOP! Scooter and Biri.
How many acquisitions has MARTI made?
MARTI has made 1 acquisition, including Zoba.
Who are MARTI's investors?
MARTI has 4 investors. Key investors include EBRD VCIP, Endeavor, Wamda Capital, and 212.