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11, "textChars": 7889, "nDataPoints": 0, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 09:11:42.737+00", "seconds": 11.336, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de514-db39-718d-9c12-e0bfdc6d8dc1/2", "deck": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1", "deckAnchor": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1#slide-2", "deckJson": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1.json" }, "components": [ { "bbox": { "h": 0.016, "w": 0.01, "x": 0.954, "y": 0.954 }, "kind": "other", "text": "2", "attrs": {}, "canon": { "kind": { "name": "Other", "slug": "other", "status": "active", "canonId": "019de52c-fa90-743c-8bf6-20d1fbe82b6d", "version": 1, "description": "Fallback when no canonical kind applies." }, "tool": null, "subkind": { "name": "Unclassified", "slug": "unclassified", "status": "active", "canonId": "019de52d-05ca-77db-81fb-db7d4234bbc0", "version": 1, "description": null }, "framework": null }, "subkind": "unclassified", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:42.737+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "569ecdfe-2204-4cf9-9146-9f22e563d70e", "parentComponentId": null }, { "bbox": { "h": 0.13, "w": 0.927, "x": 0.037, "y": 0.647 }, "kind": "paragraph", "text": "Forward Looking Statements\nCertain statements in this Presentation may be considered forward-looking statements within the meaning of the U.S. federal securities laws with respect to the proposed Business Combination. Forward-looking statements generally relate to\nfuture events, such as the benefits of the Business Combination or the anticipated timing of the Business Combination, or SPAC or the Company's future financial or operating performance. For example, statements regarding anticipated\ngrowth in the industry in which the Company operates and anticipated growth in demand for the Company's products, projections of the Company's future financial results, possible growth opportunities for the Company and other metrics are\nforward-looking statements. In some cases, you can identify forward-looking statements by terminology rminology such as \"pro forma,\" \"ma\n\"will,\" \"estimate,\" \"anticipate,\" \"believe,\" \"predict,\" \"potential\" and \"continue\" or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties and other factors\nwhich could cause actual results to differ materially from those expressed or implied by such forward-looking statements.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:42.737+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "138bad08-90f1-47dd-86a4-3d1a04617eb7", "parentComponentId": null }, { "bbox": { "h": 0.13, "w": 0.927, "x": 0.037, "y": 0.78 }, "kind": "paragraph", "text": "\"may,\" \"should,\" \"could,\" \"might,\" \"plan,\" \"possible,\" \"project,\" \"strive,\" \"budget,\" \"forecast,\" \"expect,\" \"intend,\"\nThese forward-looking statements are based upon estimates and assumptions that, while considered reasonable by SPAC, the Company and their respective management, as the case may be, are inherently uncertain. Factors that may cause\nactual results to differ materially from current expectations include, but are not limited to: competition; the ability of the company to grow and manage growth, maintain relationships with consumers, suppliers and strategic partners and retain\nits management and key employees; costs related to the Business Combination; changes in applicable laws or regulations; the possibility that the Company may be adversely affected by other economic, business or competitive factors; the\nCompany's estimates of expenses and profitability; the evolution of the markets in which the Company competes; the ability of the Company to implement its strategic initiatives and continue to innovate its existing products; the ability of the\nCompany to defend its intellectual property; and the impact of the COVID-19 pandemic on the Company's business.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:42.737+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "1e8ba15a-215f-4514-884f-da7e30c00d23", "parentComponentId": null }, { "bbox": { "h": 0.035, "w": 0.927, "x": 0.037, "y": 0.918 }, "kind": "paragraph", "text": "Nothing in this Presentation should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be\nachieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Neither SPAC nor the Company undertakes any duty to update or revise these forward-looking statements.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:42.737+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "2e0ee49e-e285-45ee-b204-7904c9e28375", "parentComponentId": null }, { "bbox": { "h": 0.11, "w": 0.927, "x": 0.037, "y": 0.362 }, "kind": "paragraph", "text": "The distribution of this Presentation may also be restricted by law and persons into whose possession this Presentation comes should inform themselves about, and observe, any such restrictions. The recipient acknowledges that it is (a) aware\nthat the United States securities laws prohibit any person who has material, non-public information concerning a company from purchasing or selling securities of such company or from communicating such information to any other person\nunder circumstances in which it is reasonably foreseeable that such person is likely to purchase or sell such securities, and (b) familiar with the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated\nthereunder (collectively, the \"Exchange Act\"), and that the recipient will neither use, nor cause any third party to use, this Presentation or any information contained herein in contravention of the Exchange Act, including, without limitation,\nRule 10b-5 thereunder.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:42.737+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "31eedce5-3708-4024-b7f7-1b23e14f4098", "parentComponentId": null }, { "bbox": { "h": 0.07, "w": 0.927, "x": 0.037, "y": 0.179 }, "kind": "paragraph", "text": "About this Presentation\nThis confidential presentation (this \"Presentation\") is for informational purposes only to assist interested parties in making their own evaluation with respect to an investment in connection with a possible transaction (the \"Business\nCombination\") involving Marti Technologies Inc. (\"Marti\" or the \"Company\") and Galata Acquisition Corp. (\"Galata\" or \"SPAC\"), and for no other purpose. The information contained herein does not purport to be all-inclusive and none of\nGalata, the Company or their respective representatives or affiliates makes any representation or warranty, express or implied, as to the accuracy, completeness or reliability of the information contained in this Presentation.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:42.737+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "6ef7be0b-4e4c-47c4-a008-960e70a3eb4c", "parentComponentId": null }, { "bbox": { "h": 0.07, "w": 0.927, "x": 0.037, "y": 0.48 }, "kind": "paragraph", "text": "This Presentation and information contained herein constitutes confidential information and is provided to you on the condition that you agree that you will hold it in strict confidence and not reproduce, disclose, forward or distribute it in\nwhole or in part without the prior written consent of SPAC and the Company and is intended for the recipient hereof only. By accepting this Presentation, the recipient agrees (a) to maintain the confidentiality of all information that is\ncontained in this Presentation and not already in the public domain and (b) to return or destroy all copies of this Presentation or portions thereof in its possession upon request.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:42.737+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "a75b2482-737c-4db8-b429-785e1c7f7b9f", "parentComponentId": null }, { "bbox": { "h": 0.096, "w": 0.927, "x": 0.037, "y": 0.257 }, "kind": "paragraph", "text": "This Presentation and any oral statements made in connection with this Presentation do not constitute (i) a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed Business Combination or\n(ii) an offer to sell, a solicitation of an offer to buy or a recommendation to purchase any securities. No such offering of securities shall be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act of\n1933, as amended (the \"Securities Act\"), or an exemption therefrom. You should not construe the contents of this Presentation as legal, tax, accounting, investment or other advice or a recommendation. You should consult your own counsel\nand tax and financial advisors as to legal and related matters concerning the matters described herein, and, by accepting this Presentation, you confirm that you are not relying upon the information contained herein to make any decision.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:42.737+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "b9d12ce2-b0fe-4659-82a9-6640889ff000", "parentComponentId": null }, { "bbox": { "h": 0.087, "w": 0.927, "x": 0.037, "y": 0.959 }, "kind": "paragraph", "text": "You should consult the risk factors included in this Presentation and SPAC's public filings with the SEC, including the \"Risk Factors\" section in the registration statement on Form F-4 and the proxy statement included therein (the \"Registration\nStatement\") that SPAC filed relating to the proposed Business Combination and the \"Risk Factors\" section of other documents that SPAC files with the SEC from time to time, for additional information regarding risks and uncertainties related to\nthe potential Business Combination and which could cause actual future events to differ materially from the forward-looking statements in this Presentation. Forward-looking statements speak only as of the date they are made. Readers are\ncautioned not to put undue reliance on forward-looking statements, and SPAC and Marti assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events or\notherwise.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:42.737+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "f18ab4ab-6d67-4be9-aa86-ac24ffbe194e", "parentComponentId": null }, { "bbox": { "h": 0.07, "w": 0.927, "x": 0.037, "y": 0.558 }, "kind": "paragraph", "text": "This Presentation is being distributed to selected recipients only and is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation.\nNeither this Presentation nor any part of it may be taken or transmitted into the United States or published, released, disclosed or distributed, directly or indirectly, in the United States, as that term is defined in the Securities Act, except to a\nlimited number of qualified institutional buyers, as defined in Rule 144A under the Securities Act, or institutional \"accredited investors\" within the meaning of Regulation D under the Securities Act.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:42.737+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "f2ed23c1-de57-44e6-a98c-40a885edf6b2", "parentComponentId": null }, { "bbox": { "h": 0.026, "w": 0.202, "x": 0.037, "y": 0.09 }, "kind": "title", "text": "Disclaimers", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:42.737+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "955bca00-266e-4d75-ac5f-7f49188c3f37", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "locked": true }, { "page": 3, "type": "appendix", "function": "appendix", "rawType": "appendix_disclosure", "block": null, "metadata": { "slideType": "appendix_disclosure", "slideTypeCanon": { "name": "Appendix disclosure", "slug": "appendix_disclosure", "status": "active", "canonId": "019de52d-07b2-7549-8e8b-932a19f6e616", "version": 1, "description": null }, "function": "appendix", "functionCanon": { "name": "Appendix", "slug": "appendix", "status": "active", "canonId": "019de52d-138d-750b-83c3-49b4bc7a7a38", "version": 1, "description": null }, "density": "dense", "densityScore": 63, "componentCount": 5, "textChars": 5927, "nDataPoints": 0, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 09:11:39.917+00", "seconds": 7.865, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de514-db39-718d-9c12-e0bfdc6d8dc1/3", "deck": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1", "deckAnchor": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1#slide-3", "deckJson": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1.json" }, "components": [ { "bbox": { "h": 0.106, "w": 0.929, "x": 0.037, "y": 0.804 }, "kind": "paragraph", "text": "Trademarks\nThis Presentation contains trademarks, service marks, trade names and copyrights of other companies, which are the property of their respective owners. The Company’s use thereof does not imply an affiliation with, or endorsement by, the owners of such trademarks, service marks, trade names and copyrights. Solely for convenience, some of the trademarks, service marks, trade names and copyrights referred to in this Presentation may be listed without the TM, SM © or ® symbols, but the Company will assert, to the fullest extent under applicable law, the rights of the applicable owners to these trademarks, service marks, trade names and copyrights. There is no guarantee that either SPAC or the Company will work, or continue to work, with any of the firms or businesses whose logos are included herein in the future.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:39.917+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "022c6a80-7fee-4b42-a03b-3a7ebde71b2b", "parentComponentId": null }, { "bbox": { "h": 0.239, "w": 0.929, "x": 0.037, "y": 0.185 }, "kind": "paragraph", "text": "Use of Projections\nThis Presentation contains financial forecasts for the Company with respect to certain financial results for the Company’s fiscal years 2022 through 2023. The Company’s independent auditors have not audited, studied, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this Presentation, and accordingly, they did not express an opinion or provide any other form of assurance with respect thereto for the purpose of this Presentation. These projections are forward-looking statements and should not be relied upon as being necessarily indicative of future results. In this Presentation, certain of the above-mentioned projected information has been provided for purposes of providing comparisons with historical data. The assumptions and estimates underlying the prospective financial information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. Accordingly, there can be no assurance that the prospective results are indicative of the future performance of the Company or that actual results will not differ materially from those presented in the prospective financial information. Inclusion of the prospective financial information in this Presentation should not be regarded as a representation by any person that the results contained in the prospective financial information will be achieved.\nThe performance projections and estimates are subject to the ongoing COVID-19 pandemic, and have the potential to be revised to take into account further adverse effects of the COVID-19 pandemic on the future performance of SPAC and Marti. Projected financial results and estimates are based on an assumption that public health, economic, market and other conditions will improve; however, there can be no assurance that such conditions will improve within the time period and predict; therefore actual results may vary materially and adversely from the projections", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:39.917+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "08565b91-3eeb-4a42-96f7-645702b4261e", "parentComponentId": null }, { "bbox": { "h": 0.066, "w": 0.929, "x": 0.037, "y": 0.738 }, "kind": "paragraph", "text": "Industry and Market Data\nIn this Presentation, SPAC and the Company rely on and refer to certain information and statistics obtained from third-party sources which SPAC and the Company believe to be reliable. While SPAC and the Company believe such third-party information is reliable, there can be no assurance as to the accuracy or completeness of the indicated information, and the Company has not independently verified the accuracy or completeness of any such information.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:39.917+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "24005cbb-84b3-4562-862c-bbf416c32166", "parentComponentId": null }, { "bbox": { "h": 0.309, "w": 0.929, "x": 0.037, "y": 0.429 }, "kind": "paragraph", "text": "Financial Information; Non-GAAP Measures\nThe financial information for the nine months ended September 30, 2021 and 2022 and data contained in this Presentation is unaudited and does not conform to Regulation S-X promulgated under the Securities Act. Such information and data may not be included in, may be adjusted in or may be presented differently in, the registration statement on Form F-4 filed by Galata relating to the Business Combination and the proxy statement/prospectus contained therein.\nThis Presentation also includes certain financial measures not presented in accordance with generally accepted accounting principles of the United States (“GAAP”) including, but not limited to, Adjusted EBITDA and certain ratios and other metrics derived therefrom. The Company defines Adjusted EBITDA as net income (loss) plus non-operating income (loss), depreciation and amortization, net interest expense, income taxes, stock-based compensation and transaction costs. These non-GAAP financial measures are not measures of financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing the Company’s financial results. Therefore, these measures provide useful information for management and investors regarding certain financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing the Company’s financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. These non-GAAP financial measures are subject to inherent limitations as they reflect the exercise of judgments by management about which expense and income are excluded or included in determining these non-GAAP financial measures.\nThis Presentation also includes certain projections of non-GAAP financial measures. Due to the high variability and difficulty in making accurate forecasts and projections of some of the information excluded from these projected measures, together with some of the excluded information not being ascertainable or accessible, the Company is unable to quantify certain amounts that would be required to be included in the most directly comparable GAAP financial measures without unreasonable effort. Consequently, no disclosure of estimated comparable GAAP measures is included and no reconciliation of the forward-looking non-GAAP financial measures is included.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:39.917+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "70ae2e1c-2343-4c04-9f7f-cde2860a519b", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.38, "x": 0.037, "y": 0.09 }, "kind": "title", "text": "Disclaimers (cont'd)", "attrs": {}, 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"text": "Annual market growth significantly in excess of inflation\nLow penetration rates and favorable demographics\nProfitable and scalable unit economics reinforcing a discernible competitive advantage\nFavorable regulatory structure encouraging growth and opportunities for data-driven digital distribution\nFurther industry consolidation opportunities", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:39.225+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": 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}, "kind": "source-note", "text": "Source: Company information. Note: 1. Travel app with the highest number of #1 ranking in Turkey iOS/Android app stores for last 12 months as of September 30, 2022. Ranking figures based on data.ai (fka AppAnnie). 2. Total app downloads as of September 30, 2022 as per data.ai (fka app.annie) as compared to five competitors. Only micromobility operators included in analysis. Market share figures reflect Marti's performance across the aggregate of its existing three service modalities: e-scooters, e-bikes, and e-mopeds. Individual market shares by modality are different. 3. Internal company data as of September 30, 2022. 4. Share of rides from daily commute and first and last mile journeys in Istanbul. 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Pre-depreciation.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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"attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Illustration", "slug": "illustration", "status": "active", "canonId": "019de52c-fe76-7772-a5ac-c0b7294d7615", "version": 1, "description": null }, "framework": null }, "subkind": "illustration", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:43.148+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "1c600cea-1341-42d9-bf43-570f549fdca3", "parentComponentId": null }, { "bbox": { "h": 0.06, "w": 0.102, "x": 0.436, "y": 0.32 }, "kind": "image", "text": "E-mopeds", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, 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"bbox": { "h": 0.06, "w": 0.102, "x": 0.18, "y": 0.32 }, "kind": "image", "text": "E-scooters", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Illustration", "slug": "illustration", "status": "active", "canonId": "019de52c-fe76-7772-a5ac-c0b7294d7615", "version": 1, "description": null }, "framework": null }, "subkind": "illustration", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:43.148+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "a9546184-b601-4308-b372-197a83a96e42", "parentComponentId": null }, { "bbox": { "h": 0.12, "w": 0.12, "x": 0.85, "y": 0.5 }, "kind": "image", "text": "Advertisement ADS", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Illustration", "slug": "illustration", "status": "active", "canonId": "019de52c-fe76-7772-a5ac-c0b7294d7615", "version": 1, "description": null }, "framework": null }, "subkind": "illustration", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:43.148+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "e61fc5f9-3d54-4ebc-8672-b4d59bbcd6ef", "parentComponentId": null }, { "bbox": { "h": 0.05, "w": 0.92, "x": 0.038, "y": 0.92 }, "kind": "source-note", "text": "Source: Company information, crowd screening. Note: 1. Revenue per ride as of September 30, 2022 LTM for e-scooters and e-mopeds. December 2021- September 2022 revenue per ride for e-bikes. 2. Average per ride figures. 3. Last 12 months data: September 2021 - September 2022 period. 4. Dec 2021-September 2022 data indexed to last 12 months E-scooters data to achieve full year figures. 5. Last 12 months data: September 2021 - September 2022 period. 6. Management estimates. 7. Fully funded fleet as of September 2022. Expected fleet size is based on full $150M PIPE funding.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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0.41, "x": 0.08, "y": 0.22 }, "kind": "chart", "text": "High cost of car ownership¹\nHuyndai i10 64x\nChevrolet Spark 12x\nDacia Sandero 8x\nDacia Spring 6x\nTurkey U.S. France U.K.\nMin Cost of Owning a New Car / Min Monthly Wage", "attrs": null, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:43.139+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "b141dfd2-08a8-470b-a29b-ba66f166cd3b", "parentComponentId": null }, { "bbox": { "h": 0.05, "w": 0.92, "x": 0.038, "y": 0.92 }, "kind": "source-note", "text": "Source: Statista, OECD, TomTom, Transport for London, İstanbul Büyükşehir Belediyesi, Todd W. Schneider, Hyundai Turkey, Chevrolet US, Dacia UK and Dacia France, WorldPopulationReview, CityPopulation, Transport & Environment, Salaryaftertax. Note: 1. Represents the lowest priced new car purchase cost in each country as of mid 2020. Maintenance and fuel costs are significant costs and are not included and net minimum wage salaries are used in this graph. OECD Annual Average 2020 FX rates and OECD minimum wage figures are used. 2. Based on TomTom 2021 traffic index. Indexed to London 2021 traffic congestion score. 3. Both taxis and cabs and private hire vehicles are included. Assumes no private hire vehicles in Turkey.", "attrs": null, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:43.139+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "e0777ec9-0e48-426b-aceb-23d20f3ecccd", "parentComponentId": null }, { "bbox": { "h": 0.04, "w": 0.89, "x": 0.038, "y": 0.12 }, "kind": "title", "text": "Inadequate public transportation and unpleasant mobility alternatives for last mile journeys", "attrs": null, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Action title", "slug": "action-title", "status": "active", "canonId": "019de52c-fb31-734c-a0f5-a3935b73135d", "version": 1, "description": null }, "framework": null }, "subkind": "action-title", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:43.139+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "c1692aae-74a9-4f6c-acad-9d2b8df00bbe", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.76, "x": 0.069, "y": 0.06 }, "kind": "title", "text": "... and Turkey needs immediate mobility solutions", "attrs": null, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:43.139+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "0525bb8b-6e39-4bbd-8cee-0b550d3b19f3", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 14, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 14, "name": "Problem", "beatId": "945ea23a-7ef2-44d1-9308-b057f6d8d39d", "matchId": "a1dd01d4-67ae-4fef-8cc2-c76d0f3619a8", "beatType": { "name": "Problem", "slug": "sequoia-pitch-problem", "status": "active", "canonId": "019dd9b8-1ed4-767b-8e05-40e733bd2311", "version": 1, "description": null }, "evidence": "Slide 14 presents the problem statement.", "position": 0, "isPrimaryArc": true, "parentBeatType": { "name": "Complication", "slug": "complication", "status": "active", "canonId": "019dd9b8-0275-7709-b2d6-4f77c3fc7579", "version": 1, "description": "The point in the narrative where the audience should feel discomfort. 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complementary to long distance transport\nTiming flexibility with on-demand booking\nAbility to pick up and drop off anywhere\nAffordable transportation\nVehicle designs tailored to local topography and weather\nEnvironmentally friendly and socially distanced travel solutions", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:42.393+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "c8d3904e-f5f1-475d-ac07-3ed85e1679aa", "parentComponentId": null }, { "bbox": { "h": 0.035, "w": 0.93, "x": 0.035, "y": 0.928 }, "kind": "source-note", "text": "Source: Company information. Note: 1. Last 12 months net revenue. Q2'19 and Q3'19 LTM are based on 6 months and 9 months, respectively 2. Q2'19 and Q3'19 LTM are based on 6 months and 9 months, respectively. 3. The revenue and gross margin data are management reporting (unaudited/ non-GAAP) for all periods.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:42.393+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "e97be195-0b65-4165-b86a-df9169e68b0a", "parentComponentId": null }, { "bbox": { "h": 0.089, "w": 0.93, "x": 0.035, "y": 0.049 }, "kind": "title", "text": "By addressing this unmet and underserved demand, Marti has grown significantly with attractive margin levels, even during COVID", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:42.393+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "8d2e84d3-b276-414b-b7d8-51ab1bb27464", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [ { "to": 15, "from": 14, "loop": { "name": "27_cost_of_inaction", "slug": "27-cost-of-inaction", "status": "active", "bestFor": "Urgent budget requests, compliance, risk mitigation", "canonId": "019dd956-70d1-7395-a15b-857ba858b394", "version": 1, "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "description": "Quantify what happens if the audience does nothing", "familyLabel": null }, "matchId": "415ff164-d5b2-4b70-88c8-a9d424cc0bce", "evidence": "Slides 14-15 discuss the problem and its impact.", "position": 0, "objective": "Highlight the consequences of not addressing Turkey's mobility issues.", "confidence": 0.6, "extraction": { "at": "2026-07-16 23:05:46.540965+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": "doc-narrative-v1" } } ], "locked": true }, { "page": 16, "type": "setup", "function": "argue_timing", "rawType": "thesis_headline", "block": null, "metadata": { "slideType": "thesis_headline", "slideTypeCanon": { "name": "Thesis headline", "slug": "thesis_headline", "status": "active", "canonId": "019de52d-073a-70cb-b9f6-772a597bb5af", "version": 1, "description": null }, "function": "argue_timing", "functionCanon": { "name": "Argue timing (why now)", "slug": "argue_timing", "status": "active", "canonId": "019de52d-16f8-74de-9ec2-900be07d90dd", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 96, "componentCount": 11, "textChars": 1808, "nDataPoints": 20, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 09:11:46.606+00", "seconds": 8.656, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de514-db39-718d-9c12-e0bfdc6d8dc1/16", "deck": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1", "deckAnchor": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1#slide-16", "deckJson": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1.json" }, "components": [ { "bbox": { "h": 0.22, "w": 0.29, "x": 0.354, "y": 0.63 }, "kind": "chart", "text": "Before 4.1, After 3.4, -16%", "attrs": {}, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:46.606+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "5472f5c9-b96e-45c1-a28e-af1a4eaf398a", "parentComponentId": null }, { "bbox": { "h": 0.22, "w": 0.29, "x": 0.661, "y": 0.63 }, "kind": "chart", "text": "Before 26.1 TL, After (without seasonality adjustment) 27.9 TL, After (with seasonality adjustment) 32.3 TL, +24%", "attrs": {}, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:46.606+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "837e6b7a-eb15-4287-bc74-93e2a013b8b5", "parentComponentId": null }, { "bbox": { "h": 0.22, "w": 0.276, "x": 0.047, "y": 0.63 }, "kind": "chart", "text": "Average old price per ride (10 min ride) 8.9 TL, Average new price per ride (10 min ride) 11.0 TL, +25%", "attrs": {}, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:46.606+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, 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0.661, "y": 0.246 }, "kind": "list", "text": "Factoring out the negative impact of seasonality in control group, revenue per vehicle increased by 24%", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:46.606+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "c35c799c-e53b-48a8-bf59-ef8f60b6c8e7", "parentComponentId": null }, { "bbox": { "h": 0.06, "w": 0.276, "x": 0.047, "y": 0.246 }, "kind": "list", "text": "~25% price increase in 15 zones compared with control group of 2 zones without change", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:46.606+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "d6c380df-391d-4030-9368-0c44a2af7a6f", "parentComponentId": null }, { "bbox": { "h": 0.04, "w": 0.908, "x": 0.047, "y": 0.92 }, "kind": "source-note", "text": "Source: Company information. 1. Weighted average of price change is based on number of vehicles. Individual price change by zone varies between 10% and 51%. 2. 2 zones in Istanbul (Asia and Europe-2) are used as control groups since prices did not change during analysis period. 3. Istanbul Europe 1 zone analysis period is used for control group to factor out seasonality. 4. Performance analysis is based on 10 days prior to price change vs. 10 days after price change. 15 zones that have 10 days of post increase data are included in analysis group. 5. Performance without adjusting for seasonality. 6. Performance after adjusting for seasonality based on control group", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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TAM (total addressable market) is the total consumer mobility market including privately owned as well as shared mobility to get around locally. 2. TSM (total serviceable market) includes all shared mobility to get around locally (excl. private ownership). 3. Marti's current revenues of ~$23m based on latest annualized net revenue using last 12 months as of September 2022. 4. Fully deployed revenue estimate shown as a proxy. Fully Deployed figures are based on the assumption that Marti would be expected to achieve if only the proceeds from the ~$62.0 million in convertible note PIPE commitments plus assumed additional financing, including incremental PIPE commitments of up to ~$88.0 million to be raised post-announcement were to be deployed towards purchasing E-Scooters, E-Mopeds and E-Bikes immediately upon receint", "attrs": { "numbered": true }, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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Highly attractive market demographics\n2. Clear market leader\n3. Strong customer retention, reinforced by scale\n4. Vertically integrated business model driving lower costs and higher revenues\n5. Strong unit economics\n6. Constructive regulatory framework\n7. Strong ESG fundamentals", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Numbered list", "slug": "numbered", "status": "active", "canonId": "019de52c-fcc0-7718-a284-a4250c805df2", "version": 1, "description": null }, "framework": null }, "subkind": "numbered", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:43.648+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "bfdb78c8-4f74-41a3-8354-95a3eb2e46b4", "parentComponentId": null }, { "bbox": { "h": 0.02, "w": 0.502, "x": 0.036, "y": 0.939 }, "kind": "source-note", "text": "Source: Company information. Note: Key investment highlight #5 is in comparison to Bird and Helbiz.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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"extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 09:11:45.943+00", "seconds": 5.941, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de514-db39-718d-9c12-e0bfdc6d8dc1/20", "deck": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1", "deckAnchor": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1#slide-20", "deckJson": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1.json" }, "components": [ { "bbox": { "h": 0.12, "w": 0.08, "x": 0.47, "y": 0.307 }, "kind": "callout", "text": "Turkey has a population larger than Austria, Sweden and Italy combined", "attrs": {}, "canon": { "kind": { "name": "Callout", "slug": "callout", "status": "active", "canonId": "019de52c-f8d3-761a-8953-7d37080de5e2", "version": 1, "description": "Highlighted callout box." }, "tool": null, "subkind": { "name": "Primary callout", "slug": "primary", "status": "active", "canonId": "019de52c-fbd1-70eb-a9ce-8997f8674c1d", "version": 1, "description": null }, "framework": null }, "subkind": "primary", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:45.943+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "7d7ea339-d484-4729-844b-d6653c7bd3d7", "parentComponentId": null }, { "bbox": { "h": 0.33, "w": 0.38, "x": 0.56, "y": 0.46 }, "kind": "chart", "text": "Number of cities >1 million population4\n1 1 1 1 2 2 2 4 10\nAustria Poland Sweden France Italy UK Spain Germany Turkey", "attrs": {}, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:45.943+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "9bae420b-7847-4d44-9572-d0ad47ba725e", "parentComponentId": null }, { "bbox": { "h": 0.33, "w": 0.38, "x": 0.09, "y": 0.46 }, "kind": "chart", "text": "2021 Population (million)\n9 10 38 47 60 65 68 84 85\nAustria Sweden Poland Spain Italy France UK Germany Turkey", "attrs": {}, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:45.943+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, 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"source-note", "text": "Source: BMI, CityPopulation. Note: 1. 2021 figures are based on estimates as of 2020. 2. Represents 0-49 age group. 3. Doesn't include immigrants. 4. Reflects population of city centers only.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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Highly attractive market demographics", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:45.943+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "cb089637-a0f7-4309-a85f-8a017dc8b87d", "parentComponentId": null }, { "bbox": { "h": 0.04, "w": 0.34, "x": 0.579, "y": 0.18 }, "kind": "title", "text": "Highly urbanized society, with several large and dense city centers", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Subtitle", "slug": "subtitle", "status": "active", "canonId": "019de52c-fb09-739d-900c-815b0d9ac526", "version": 1, "description": null }, "framework": null }, "subkind": "subtitle", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:45.943+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "b01adbde-b4ad-4eac-8ddf-b9c7286981eb", "parentComponentId": null }, { "bbox": { "h": 0.02, "w": 0.44, "x": 0.097, "y": 0.18 }, "kind": "title", "text": "Large, young and growing population base¹", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Subtitle", "slug": "subtitle", "status": "active", 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"019de52d-16a8-756a-9b38-a7d35420561d", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 84, "componentCount": 7, "textChars": 1052, "nDataPoints": 20, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 09:11:46.5+00", "seconds": 6.256, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de514-db39-718d-9c12-e0bfdc6d8dc1/21", "deck": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1", "deckAnchor": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1#slide-21", "deckJson": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1.json" }, "components": [ { "bbox": { "h": 0.47, "w": 0.359, "x": 0.099, "y": 0.32 }, "kind": "chart", "text": "# of app downloads in millions¹\n6.6\n59% market share\n2.6\n1.0\n0.4\n0.4\n0.2\nComp #1\nComp #2\nComp #3\nComp #4\nComp #5", "attrs": null, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:46.5+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "7afabdec-fb81-4b74-a801-8b6c561843ed", "parentComponentId": null }, { "bbox": { "h": 0.47, "w": 0.46, "x": 0.499, "y": 0.32 }, "kind": "image", "text": "Istanbul 30.4%\nAnkara 9.2%\nIzmir 6.4%\nAntalya 2.9%\nAdana 1.4%", "attrs": null, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Map", "slug": "map", "status": "active", "canonId": "019de52c-fe4d-77bd-b0a4-d72d58b9e5a4", "version": 1, "description": null }, "framework": null }, "subkind": "map", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:46.5+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "42b4cb30-e61d-475a-a3e9-f0da4122c532", "parentComponentId": null }, { "bbox": { "h": 0.05, "w": 0.419, "x": 0.536, "y": 0.78 }, "kind": "legend", "text": "Marti's footprint\nPending license²\nMulti Modality³\n% City GDP as a percentage of Turkey's 2021 GDP", "attrs": null, "canon": { "kind": { "name": "Legend", "slug": "legend", "status": "active", "canonId": "31361933-3d22-4c70-bbad-0801e9fffc0c", "version": 1, "description": "Color/symbol decoder placed adjacent to a chart or diagram." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:46.5+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "5206c4b5-6688-4ea0-ae99-9398fc25291c", "parentComponentId": null }, { "bbox": { "h": 0.046, "w": 0.419, "x": 0.536, "y": 0.195 }, "kind": "paragraph", "text": "Marti operates in 16 cities, representing ~71% of national GDP", "attrs": null, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:46.5+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "c0075bff-64cd-4817-ae89-d2ccddf32c4b", "parentComponentId": null }, { "bbox": { "h": 0.054, "w": 0.919, "x": 0.039, "y": 0.923 }, "kind": "source-note", "text": "Source: Sensor Tower, GDP data per city from Turkstat. Note: 1. As of September 30, 2022 (as per data.ai, fka App Annie) as compared to five competitors. Only micromobility operators included in analysis. Market share figures reflect Marti's performance across the aggregate of its existing three service modalities: e-scooters, e-bikes, and e-mopeds. Individual market shares by modality are different. 2. Marti has applied for licenses in Van, Usak, Trabzon, Diyarbakir, and Sivas. 3. E-scooters, e-bikes, and e-mopeds are in operation in Istanbul and Izmir; E-scooters and e-bikes are in operation in Adana, Kocaeli, Isparta, Samsun and Antalya.", "attrs": null, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:46.5+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "edeb0042-f26c-47ff-ba82-b414853fe11b", "parentComponentId": null }, { "bbox": { "h": 0.046, "w": 0.401, "x": 0.05, "y": 0.195 }, "kind": "title", "text": "Marti is the most downloaded travel app in Turkey", "attrs": null, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Action title", "slug": "action-title", "status": "active", "canonId": "019de52c-fb31-734c-a0f5-a3935b73135d", "version": 1, "description": null }, "framework": null }, "subkind": "action-title", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:46.5+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "4207c219-0fbb-4121-9679-7bf87bbfe672", "parentComponentId": null }, { "bbox": { "h": 0.025, "w": 0.304, "x": 0.039, "y": 0.085 }, "kind": "title", "text": "2. Clear market leader", "attrs": null, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:46.5+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "89aa5d69-96fa-4c80-bb60-6f7dac5b580c", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "locked": true }, { "page": 22, "type": "evidence", "function": "show_traction", "rawType": "traction", "block": null, "metadata": { "slideType": "traction", "slideTypeCanon": { "name": "Traction", "slug": "traction", "status": "active", "canonId": "019de52d-0edd-72ab-820f-3ebc71a9c542", "version": 1, "description": null }, "function": "show_traction", "functionCanon": { "name": "Show traction", "slug": "show_traction", "status": "active", "canonId": "019de52d-16a8-756a-9b38-a7d35420561d", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 93, "componentCount": 9, "textChars": 1519, "nDataPoints": 40, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 09:11:48.383+00", "seconds": 7.376, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de514-db39-718d-9c12-e0bfdc6d8dc1/22", "deck": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1", "deckAnchor": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1#slide-22", "deckJson": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1.json" }, "components": [ { "bbox": { "h": 0.25, "w": 0.6, "x": 0.379, "y": 0.609 }, "kind": "chart", "text": "Avg. daily vehicles deployed (thousands): 3.3 (Q1'20), 3.5 (Q2'20), 7.7 (Q3'20), 8.8 (Q4'20), 12.2 (Q1'21), 17.9 (Q2'21), 18.7 (Q3'21), 28.4 (Q4'21), 29.3 (Q1'22), 36.2 (Q2'22). Avg. monthly rides per unique rider: 2.9 (Q1'20), 3.2 (Q2'20), 3.5 (Q3'20), 3.1 (Q4'20), 3.2 (Q1'21), 4.1 (Q2'21), 3.7 (Q3'21), 4.0 (Q4'21), 3.2 (Q1'22), 4.7 (Q2'22).", "attrs": null, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Line chart", "slug": "line", "status": "active", "canonId": "019de52c-ff62-778f-8f6c-a952ceae8677", "version": 1, "description": null }, "framework": null }, "subkind": "line", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:48.383+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "0825533d-e1ff-4295-b5f3-0106170e9c2c", "parentComponentId": null }, { "bbox": { "h": 0.25, "w": 0.58, "x": 0.399, "y": 0.25 }, "kind": "chart", "text": "10% (1000m), 12% (800m), 15% (600m), 17% (500m), 20% (400m), 25% (300m), 34% (200m), 43% (100m), 48% (50m), 50% (40m), 53% (30m), 54% (20m)", "attrs": null, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Line chart", "slug": "line", "status": "active", "canonId": "019de52c-ff62-778f-8f6c-a952ceae8677", "version": 1, "description": null }, "framework": null }, "subkind": "line", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:48.383+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "207ee60c-3baa-4760-b341-197490ee607e", "parentComponentId": null }, { "bbox": { "h": 0.59, "w": 0.302, "x": 0.067, "y": 0.26 }, "kind": "chart", "text": "Daily commute 60%, First and last mile commute 33%, Leisure 7%, 93% non-discretionary", "attrs": null, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Pie chart", "slug": "pie", "status": "active", "canonId": "019de52c-ffdb-71bb-a800-5c5ab9f1c373", "version": 1, "description": null }, "framework": null }, "subkind": "pie", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:48.383+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "efed61a0-a924-4a89-9806-ae2ee741b3f8", "parentComponentId": null }, { "bbox": { "h": 0.11, "w": 0.132, "x": 0.849, "y": 0.022 }, "kind": "diagram", "text": "Greater vehicle availability, Rider preference, Increased demand", "attrs": null, "canon": { "kind": { "name": "Diagram", "slug": "diagram", "status": "active", "canonId": "019de52c-f9f0-734a-81de-15382ff28c65", "version": 1, "description": "Schematic or relational diagram." }, "tool": null, "subkind": { "name": "Hub and spoke", "slug": "hub-spoke", "status": "active", "canonId": "019de52d-04db-73e6-81ca-a234f2f23fc1", "version": 1, "description": null }, "framework": null }, "subkind": "hub-spoke", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:48.383+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "c79590c7-0331-4fa3-8330-03406b3b89af", "parentComponentId": null }, { "bbox": { "h": 0.04, "w": 0.299, "x": 0.067, "y": 0.199 }, "kind": "list", "text": "Commute accounts for more than 90% of all rides¹", "attrs": null, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:48.383+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "0eed8ee8-aeca-4190-a73b-85b0487146c6", "parentComponentId": null }, { "bbox": { "h": 0.025, "w": 0.475, "x": 0.504, "y": 0.564 }, "kind": "list", "text": "Vehicle availability drives customer retention³", "attrs": null, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:48.383+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "329ae34e-53b7-4246-9c57-9622bc001d95", "parentComponentId": null }, { "bbox": { "h": 0.025, "w": 0.58, "x": 0.399, "y": 0.199 }, "kind": "list", "text": "App opening to ride conversion ratio increases with vehicle availability²", "attrs": null, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:48.383+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "5087f399-26f2-40aa-895b-e618e5eb8ad1", "parentComponentId": null }, { "bbox": { "h": 0.05, "w": 0.945, "x": 0.034, "y": 0.919 }, "kind": "source-note", "text": "Source: Company information. 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Note: 1. Figures refer to scooters only", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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of vehicles deployed (thousand)\n2020A: 6\n2021A: 17\n2022E: 32\n2023E¹: 33\nFD²: 103", "attrs": null, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:53.547+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "5c4d241f-a76f-4168-b766-5523bd64ee67", "parentComponentId": null }, { "bbox": { "h": 0.56, "w": 0.28, "x": 0.38, "y": 0.24 }, "kind": "chart", "text": "Average rides per vehicle per day\n2020A: 4.1\n2021A: 2.9\n2022E: 2.4\n2023E¹: 2.2\nFD: 2.2", "attrs": null, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:53.547+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "8aed13a6-0a60-4204-ab99-32f136708768", "parentComponentId": null }, { "bbox": { "h": 0.13, "w": 0.11, "x": 0.87, "y": 0.03 }, "kind": "diagram", "text": "Lower operating cost, Better margins and cash position", "attrs": null, "canon": { "kind": { "name": "Diagram", "slug": "diagram", "status": "active", "canonId": "019de52c-f9f0-734a-81de-15382ff28c65", "version": 1, "description": "Schematic or relational diagram." }, "tool": null, "subkind": { "name": "Process flow", "slug": "process", "status": "active", "canonId": "019de52d-039c-718f-ad3a-efe9c4b3c838", "version": 1, "description": null }, "framework": null }, "subkind": "process", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:53.547+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "48f8eb17-cc50-49c2-8b93-e3b47495d5ed", "parentComponentId": null }, { "bbox": { "h": 0.06, "w": 0.93, "x": 0.034, "y": 0.92 }, "kind": "source-note", "text": "Source: Company information. 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2021", "attrs": {}, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Line chart", "slug": "line", "status": "active", "canonId": "019de52c-ff62-778f-8f6c-a952ceae8677", "version": 1, "description": null }, "framework": null }, "subkind": "line", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:12:01.045+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "deb8d8d5-12d3-4e35-b4af-bae7f7b1bf5b", "parentComponentId": null }, { "bbox": { "h": 0.035, "w": 0.426, "x": 0.113, "y": 0.31 }, "kind": "list", "text": "Supporting youth employment – 40%2 of Marti's workforce is in the 15-24 years age group, which is a vulnerable unemployed segment", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:12:01.045+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "2a42b2f3-d2ae-415f-b4d5-14f48372e018", "parentComponentId": null }, { "bbox": { "h": 0.016, "w": 0.302, "x": 0.654, "y": 0.253 }, "kind": "list", "text": "Strong corporate governance setup", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:12:01.045+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "67a6c723-751a-4fbd-87af-80c5f07aeb4f", "parentComponentId": null }, { "bbox": { "h": 0.053, "w": 0.35, "x": 0.606, "y": 0.31 }, "kind": "list", "text": "Above average women participation in management roles - 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Competitive compensation packages and reward programs at every level promoting employee satisfaction and work excellence", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:12:01.045+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "fa002ddf-a40d-4515-b8ee-1ace4c8ac5d2", "parentComponentId": null }, { "bbox": { "h": 0.049, "w": 0.917, "x": 0.039, "y": 0.93 }, "kind": "source-note", "text": "Source: Turkstat, Company information. Note: 1. 15+ age segment covers all unemployed people older than 15 years old. 2. As of September, 2022. 3. Based on population of districts in Istanbul. 4. Based on the data since inception; calculated as average of 2019 - 2022 accidents data for employees on Marti payroll. Major defined as accidents that require absence from work and rest. Minor defined as accidents that require on foot treatment where employee gets back to work the same day 5. As of September 30, 2022. Management team includes department heads and above roles. 6. As of 2020. 2021 data is not available.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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Note 1. 2023 estimates assume receipt of proceeds from the ~$62.0 million in convertible note PIPE commitments plus assumed additional financing, including incremental PIPE commitments of up to ~$88.0 million to be raised post-announcement. 2. Gross profit pre-depreciation. 3. 2023 Estimated EBITDA adjusted for ~$10m of proposed De-SPAC related transaction fees. 4. 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Note: 1. Based on audited GAAP results for the years ended December 31, 2021 and 2020. 2. 2023 estimates assume receipt of proceeds from the ~$62.0 million in convertible note PIPE commitments plus assumed incremental PIPE commitments of up to ~$88.0 million to be raised post-announcement. 3. FD refers to Fully Deployed figures for the 12 months immediately following the consummation of the Business Combination that Marti would be expected to achieve if only the proceeds from the approximately $62.0 million in convertible note PIPE commitments plus assumed additional financing, including incremental PIPE commitments of up to approximately $88.0 million to be raised post-announcement were to be deployed towards purchasing e-scooters, e-mopeds and e-bikes immediately upon receipt. 4. 2023E EBITDA and Opex adjusted for one-off ~$10m of proposed De-SPAC related transaction fees. 5. 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"bbox": { "h": 0.554, "w": 0.035, "x": 0.683, "y": 0.301 }, "kind": "list", "text": "24%\n53%\n11%", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:12:02.743+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "db2626c8-d77a-47e8-b6c1-a7d4f5cd61f7", "parentComponentId": null }, { "bbox": { "h": 0.195, "w": 0.14, "x": 0.04, "y": 0.699 }, "kind": "list", "text": "EBITDA Margin ('FD¹)\n43%\nmartı", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:12:02.743+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "fe343848-eaab-44ec-83ca-b775074907f3", "parentComponentId": null }, { "bbox": { "h": 0.05, "w": 0.933, "x": 0.034, "y": 0.92 }, "kind": "source-note", "text": "Source: Marti projected financials, CapitalIQ. CapitalIQ data as of December 12, 2022. 1. FD refers to Fully Deployed figures for the 12 months immediately following the consummation of the Business Combination that Marti would be expected to achieve if only the proceeds from the\napproximately $62.0 million in convertible note PIPE commitments plus assumed incremental PIPE commitments of up to approximately $88.0 million to be raised post-announcement were to be deployed towards purchasing e-scooters, e-mopeds and e-bikes immediately upon receipt.\nNote: Helbiz excluded from micromobility benchmark comparison because the company does not have analyst coverage and comparable figures in CapitalIQ.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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This is the exact layout, used", "familyLabel": "slide-recipe", "categoryName": "Slide", "categorySlug": "slide" }, "agent": "designer", "layer": "slide", "agents": [ "designer" ], "matchId": "5f847f0c-be15-4230-9535-c15b8b8122be", "evidence": "Financial benchmarking", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.7, "extraction": { "at": "2026-07-17 03:46:06.761554+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 47, "whyItWorks": null, "antipattern": null, "cardinality": null, "narrativePurpose": null } ], "frameworks": [], "arcBeats": [], "loops": [], "locked": true }, { "page": 48, "type": "setup", "function": "compare_peers", "rawType": "peer_benchmark", "block": null, "metadata": { "slideType": "peer_benchmark", "slideTypeCanon": { "name": "Peer benchmark", "slug": "peer_benchmark", "status": "active", "canonId": "019de52d-08f0-7158-a78d-d7b5331fefaf", "version": 1, "description": null }, "function": "compare_peers", "functionCanon": { "name": "Compare peers", "slug": "compare_peers", "status": "active", "canonId": "019de52d-1453-72ba-a367-9ba3d34c1630", "version": 1, "description": null }, "density": "dense", "densityScore": 53, "componentCount": 3, "textChars": 852, "nDataPoints": 25, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 09:11:59.449+00", "seconds": 4.292, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de514-db39-718d-9c12-e0bfdc6d8dc1/48", "deck": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1", "deckAnchor": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1#slide-48", "deckJson": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1.json" }, "components": [ { "bbox": { "h": 0.049, "w": 0.925, "x": 0.038, "y": 0.92 }, "kind": "source-note", "text": "Source: Company information, Investor presentation and Press releases for the peers. Note: 1. Fully funded funded fleet as of September 30, 2022. 2. Reflect figures prior to de-SPAC transactions for comparability purposes. 3. Reflect figures prior to the acquisition of Spin for comparability purposes. 4. Based on Q2 2021 fleet. 5. Reflects number of vehicles up to the $200m Series D fund raise in Oct-2021. 6. Pre-money valuation in De-SPAC announcements. 7. Based on latest Series D valuation announced on 25-Oct-2021.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:59.449+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "760103ca-4474-46ce-a559-4313dd927084", "parentComponentId": null }, { "bbox": { "h": 0.55, "w": 0.857, "x": 0.07, "y": 0.21 }, "kind": "table", "text": "Company Headquarters Funds Raised ($, million) # of Vehicles (thousand) Funds Raised / # of vehicles De-SPAC Valuation ($, million) Operational Countries Marti Turkey 81 48 1,543 450 1 Bird USA 623 67 9,277 2,400 28 Helbiz USA 31 8 3,780 300 3 Tier Germany 660 135 3,407 2,000 22 Peers Average 438 70 5,488", "attrs": {}, "canon": { "kind": { "name": "Table", "slug": "table", "status": "active", "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28", "version": 1, "description": "Tabular data layout." }, "tool": null, "subkind": { "name": "Data table", "slug": "data", "status": "active", "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569", "version": 1, "description": null }, "framework": null }, "subkind": "data", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:59.449+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "d616c93d-0f08-4925-b8bb-7d78586db70d", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.43, "x": 0.038, "y": 0.085 }, "kind": "title", "text": "Operational benchmarking", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:11:59.449+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "9dff95ea-acab-42a7-853f-20653e841553", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "locked": true }, { "page": 49, "type": "appendix", "function": "appendix", "rawType": "appendix_data", "block": null, "metadata": { "slideType": "appendix_data", "slideTypeCanon": { "name": "Appendix data", "slug": "appendix_data", "status": "active", "canonId": "019de52d-078a-745b-9ee4-c15f2f539acd", "version": 1, "description": null }, "function": "appendix", "functionCanon": { "name": "Appendix", "slug": "appendix", "status": "active", "canonId": "019de52d-138d-750b-83c3-49b4bc7a7a38", "version": 1, "description": null }, "density": "dense", "densityScore": 54, "componentCount": 3, "textChars": 942, "nDataPoints": 112, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 09:12:00.385+00", "seconds": 4.954, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de514-db39-718d-9c12-e0bfdc6d8dc1/49", "deck": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1", "deckAnchor": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1#slide-49", "deckJson": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1.json" }, "components": [ { "bbox": { "h": 0.02, "w": 0.86, "x": 0.039, "y": 0.95 }, "kind": "source-note", "text": "Source: Company information. Note: 1. Based on audited GAAP results for the years ended December 31, 2021 and 2020. 2. Based on Company prepared GAAP results for nine months ended September 30,2022 and 2021.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:12:00.385+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "a78a2eef-b908-46c9-8590-a7b92af11890", "parentComponentId": null }, { "bbox": { "h": 0.71, "w": 0.79, "x": 0.106, "y": 0.157 }, "kind": "table", "text": "Net Loss (4,630) (6,086) (14,472) (7,479) (9,309) (18,511) (1,381)\nDepreciation and Amortization 2,936 5,725 6,147 6,891 8,788 10,766 37,336\nIncome Tax Expense 0 0 888 0 (334) (8,964) (413)\nFinancial Income (17) (41) (180) (434) (2,057) 0 0\nFinancial Expense 696 1,084 4,295 1,660 2,108 12,408 23,617\nCustoms tax provision expense 0 592 592 (185) 0 0 0\nRevenue adjustment for uncollected receivables 25 557 625 237 0 0 0\nAccounts payables confirmation adjustments 0 0 302 0 0 0 0\nLawsuit provision expense 10 0 35 132 0 0 0\nSalary cut off adjustment 0 0 218 0 0 0 0\nOther 0 0 238 0 0 0 0\nStock based compensation expense accrual 181 171 852 1,194 0 0 0\nAdjusted EBITDA (799) 2,003 169 2,016 (804) (4,301) 59,159", "attrs": { "header_cols": 1, "header_rows": 2 }, "canon": { "kind": { "name": "Table", "slug": "table", "status": "active", "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28", "version": 1, "description": "Tabular data layout." }, "tool": null, "subkind": { "name": "Data table", "slug": "data", "status": "active", "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569", "version": 1, "description": null }, "framework": null }, "subkind": "data", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:12:00.385+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "5026bff1-1556-45e7-bee8-16c57518ea3a", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.44, "x": 0.039, "y": 0.08 }, "kind": "title", "text": "Non-GAAP reconciliations", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:12:00.385+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "97c2932c-9208-45e1-b7e0-606b6bb3d63b", "parentComponentId": null } ], "metrics": [], "tools": [ { "tool": { "name": "Table data", "slug": "table-data", "status": "active", "bestFor": null, "canonId": "019dd9e1-4fab-7168-a82f-b847350a006d", "version": 1, "bodyDocId": null, "description": "Tabular layouts of structured data.", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "0fba5b94-9732-4a6b-a405-092983d15b1d", "evidence": "Net Loss (4,630) (6,086) (14,472) (7,479) (9,309) (18,511) (1,381)", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.9, "extraction": { "at": "2026-07-17 03:46:06.888408+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 49, "whyItWorks": null, "antipattern": null, "cardinality": "common", "narrativePurpose": null } ], "frameworks": [], "arcBeats": [], "loops": [], "locked": true }, { "page": 50, "type": "appendix", "function": "analyze_data", "rawType": "other", "block": null, "metadata": { "slideType": "other", "slideTypeCanon": { "name": "Other (fallback)", "slug": "other", "status": "active", "canonId": "019de52d-0af5-71ed-83de-d51ae245fc43", "version": 1, "description": null }, "function": "analyze_data", "functionCanon": { "name": "Analyze data", "slug": "analyze_data", "status": "active", "canonId": "019de52d-1590-7413-8c82-cc218cff40b4", "version": 1, "description": null }, "density": "dense", "densityScore": 56, "componentCount": 3, "textChars": 1449, "nDataPoints": 50, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 09:12:02.748+00", "seconds": 6.187, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de514-db39-718d-9c12-e0bfdc6d8dc1/50", "deck": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1", "deckAnchor": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1#slide-50", "deckJson": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1.json" }, "components": [ { "bbox": { "h": 0.029, "w": 0.45, "x": 0.039, "y": 0.92 }, "kind": "source-note", "text": "Source: Company information. 1. Based on audited GAAP results for the years ended December 31, 2021 and 2020.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:12:02.748+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "8ba8701c-4459-4826-a863-c3615cdc6c93", "parentComponentId": null }, { "bbox": { "h": 0.719, "w": 0.929, "x": 0.039, "y": 0.17 }, "kind": "table", "text": "Current assets: 2020: 5,583, 2021: 17,973. Cash and Cash Equivalents: 2020: 3,502, 2021: 13,216. Accounts Receivable: 2020: 88, 2021: 177. Inventory: 2020: 279, 2021: 1,320. Tax asset: 2020: 892, 2021: 2,431. Right of use assets: 2020: 444, 2021: 651. Other current assets: 2020: 377, 2021: 179. Non-Current Assets: 2020: 8,058, 2021: 21,015. Property, Plant and Equipment: 2020: 7,645, 2021: 20,362. Intangible Assets: 2020: 20, 2021: 33. Right of use assets: 2020: 394, 2021: 620. Total Assets: 2020: 13,641, 2021: 38,988. Current liabilities: 2020: 10,546, 2021: 10,418. Accounts Payable: 2020: 817, 2021: 2,034. Short-term Financial Liabilities: 2020: 8,604, 2021: 5,644. Lease Liabilities: 2020: 444, 2021: 651. Deferred revenue: 2020: 42, 2021: 713. Income tax liability: 2020: -, 2021: 588. Accrued expenses and other current liabilities: 2020: 639, 2021: 790. Non-Current Liabilities: 2020: 409, 2021: 8,050. Long Term Loan: 2020: -, 2021: 7,413. Lease Liabilities: 2020: 394, 2021: 620. Other: 2020: 16, 2021: 18. Equity: 2020: 2,686, 2021: 20,519. Capital Paid: 2020: 12,723, 2021: 51,282. Additional paid in capital: 2020: 181, 2021: 1,396. Accumulated other comprehensive loss: 2020: 246, 2021: (7,221). Accumulated deficit: 2020: (10,464), 2021: (24,937). 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Note: 1. Based on Company-prepared GAAP results for the nine months ended September 30, 2022 and 2021.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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If such third parties interfere with the distribution of our products or services or with our use of\nsuch software, if we are unable to maintain a good relationship with such third parties, or if marketplaces are unavailable for any prolonged period of time, our business will suffer.\nWe operate in a new and rapidly changing industry, which makes it difficult to evaluate our business and prospects.\nThe market for micromobility vehicle sharing is in an early stage of growth, and if such market does not continue to grow, grows more slowly than we expect or fails to grow as large as we expect, our business, financial condition and results of operations\ncould be adversely affected.\nIf we are unable to efficiently grow and further develop our network of shared vehicles and manage the related risks, our business, financial condition and results of operations could be adversely affected.\nWe intend to expand our business and may enter into new lines of business or geographic markets, which may result in additional risks, uncertainties and costs in our business.\nWe recently launched a car-pooling service, which may be difficult to monetize and may subject us to increased liability.\nWe may acquire other businesses, which could require significant management attention, disrupt our business, dilute shareholder value, and adversely affect our operating results.\nWe will need additional capital, and we cannot be certain that additional financing will be available.\nWe may experience delays in launching and ramping the production of our products and features, or we may be unable to control our manufacturing costs or the quality of supplies that we require.\nPoor weather adversely affects the use of our services, which causes seasonality in our business and could negatively impact our financial performance from period to period.\nFuture operating results depend upon our ability to obtain vehicles that meet our quality specifications in sufficient quantities on commercially reasonable terms.\nWe rely on third-party insurance policies to insure us against vehicle-related risks and operations-related risks. If our insurance coverage is insufficient for the needs of our business or our premiums or deductibles become prohibitively expensive or if our\ninsurance providers are unable to meet their obligations, we may not be able to mitigate the risks facing our business, which could adversely affect our business, financial condition and results of operations.\nWe do not maintain insurance policies for certain risks related to loss or damage to our vehicles, and increases in vandalism or theft could adversely affect our business, financial condition and results of operations.\nIllegal, improper, or inappropriate activity of riders could expose us to liability and harm our business, brand, financial condition, and results of operations.\nExposure to product liability in the event of significant vehicle damage or reliability issues could harm our business, financial condition, and results of operations.\nOur growth and performance metrics and estimates, including the key metrics included in this proxy statement/prospectus, are subject to inherent challenges in measurement, and real or perceived inaccuracies in those metrics may harm our reputation\nand negatively affect our business.\nWe rely on third-party payment processors to process payments made by users on our software platform and if we cannot manage our relationships with such third parties and other payment-related risks, our business, financial condition, and results of\noperations could be adversely affected.\nWe may in the future rely on third parties to provide services to us, and if we cannot obtain third-party services our business, financial condition, and results of operations could be adversely affected.\nThe markets in which we operate are highly competitive, and competition represents an ongoing threat to the growth and success of our business.\nIf our vehicles, mobile applications, or other services have defects, the reputation and brand of our products and services could suffer, which could negatively impact the use of our products and services, and negatively impact our operating results and\nfinancial condition.\nAny failure to offer high-quality user support may harm our relationships with users and could adversely affect our reputation, brand, business, financial condition, and results of operations.\nOur business is subject to interruptions, delays, or failures resulting from earthquakes, other natural catastrophic events, geopolitical instability, war, terrorism, public health crises, and other unexpected events.\nThe loss of one or more of our key personnel, or our failure to attract and retain other highly qualified personnel in the future, could harm our business.\nThe impact of economic conditions, including the resulting effect on discretionary consumer spending, may harm our business and operating results.\nOur company culture has contributed to our success and if we cannot maintain this culture as we grow, our business could be harmed.\nWe are subject to risks associated with doing business in an emerging market.\nOur history of recurring losses and anticipated expenditures raise doubts about our ability to continue as a going concern. Our ability to continue as a going concern depends in part on obtaining sufficient funding to finance our operations.\nWe have debts and may incur additional debts in the future. Our debt repayment obligations may limit our available resources and the terms of debt instruments may limit our flexibility in operating our business.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:12:05.09+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "ac01af2c-418e-4957-97a7-10ce8a05877d", "parentComponentId": null }, { "bbox": { "h": 0.01, "w": 0.02, "x": 0.936, "y": 0.95 }, "kind": "source-note", "text": "55", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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Failure to comply with such laws and regulations may result in substantial fines or other limitations that could adversely impact our financial results or operations.\nWe may be subject to Turkish tax audits that may result in additional tax liabilities.\nOur business currently requires us to source parts, materials and supplies internationally, and supply chain disruptions, foreign currency exchange rate fluctuations and changes to international trade agreements, tariffs, import and excise duties, taxes or other governmental rules and regulations could adversely affect our business, financial condition, results of operations and prospects.\nBecause New Marti is incorporated under the laws of the Cayman Islands, you may face difficulties in protecting your interests, and your ability to protect your rights through the U.S. federal courts may be limited.\nThe Economic Substance Legislation of the Cayman Islands may impact New Marti.\nThe Financial Action Task Force's increased monitoring of the Cayman Islands could impact New Marti.\nThe Cayman Islands has recently been added to the EU AML high-risk third countries list and it is unclear if and how this designation will impact New Marti.\nWe may be subject to fines and the loss of certain tax advantages as a result of investigations by the Turkish customs authority.", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:12:05.957+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "4f44d0c7-747e-4f3e-9dbd-d58a077fa7dc", "parentComponentId": null }, { "bbox": { "h": 0.102, "w": 0.92, "x": 0.04, "y": 0.157 }, "kind": "list", "text": "If we breach covenants under our outstanding debts, we could be held in default under such loans, which could accelerate our repayment dates and adversely affect our business. The operators of digital storefronts on which we publish our mobile application in many cases have the unilateral ability to change and interpret the terms of our contract with them.\nAny actual or perceived security or privacy breach could interrupt our operations and adversely affect our reputation, brand, business, financial condition, and results of operations.\nThe Convertible Notes to be issued and outstanding after consummation of the Business Combination may have a material adverse effect on Galata's financial results, result in the dilution of Galata's stockholders and create downward pressure on the price of Galata Class A Ordinary Shares.\nCOVID-19 has adversely affected our business and may continue to adversely affect our business.", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:12:05.957+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "84c5405b-cda5-4b6c-bf75-b94474e8b7cb", "parentComponentId": null }, { "bbox": { "h": 0.302, "w": 0.92, "x": 0.04, "y": 0.286 }, "kind": "list", "text": "Risks Related to Marti's Intellectual Property and Technology\nOur user growth and engagement on mobile devices depend upon effective operation with mobile operating systems, networks, and standards that we do not control.\nOur future success depends on our ability to keep pace with rapid technological changes that could make our current or future technologies less competitive or obsolete.\nOur business could be adversely impacted by changes in the Internet and mobile device accessibility of users and unfavorable changes in or our failure to comply with existing or future laws governing the Internet and mobile devices.\nThe operators of digital storefronts on which we publish our mobile application in many cases have the unilateral ability to change and interpret the terms of our contract with them.\nWe may be parties to intellectual property rights claims and other litigation that are expensive to support, and if resolved adversely, could have a significant impact on us and our shareholders.\nIf we are unable to protect our intellectual property, the value of our brand and other intangible assets may be diminished, and our business may be adversely affected.\nAny significant disruption in our services or in our information technology systems could result in a loss of users or harm our business.\nDamage to, or failure of, our systems or interruptions or delays in service from our third-party cloud service platforms could impair the delivery of our service and harm our business.\nOur service relies on GPS and other Global Satellite Navigation Systems (\"GNSS\").\nComputer malware, viruses, hacking, and phishing attacks, and spamming could harm our business and results of operations.\nSystems failures and resulting interruptions in the availability of our website, applications, products or services could adversely affect our business, financial condition, and results of operations.", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:12:05.957+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "915f8c58-5655-4fa0-a9cc-ed31a97c3646", "parentComponentId": null }, { "bbox": { "h": 0.013, "w": 0.024, "x": 0.936, "y": 0.96 }, "kind": "source-note", "text": "56", "attrs": { "numbered": true }, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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"/slides/019de514-db39-718d-9c12-e0bfdc6d8dc1/57", "deck": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1", "deckAnchor": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1#slide-57", "deckJson": "/decks/019de514-db39-718d-9c12-e0bfdc6d8dc1.json" }, "components": [ { "bbox": { "h": 0.79, "w": 0.93, "x": 0.037, "y": 0.15 }, "kind": "list", "text": "Risks Related to Türkiye\nOur headquarters and other operations and facilities are located in Türkiye and, therefore, our prospects, business, financial condition and results of operations may be adversely affected by political or economic instability in Türkiye.\nWe are subject to certain anti-corruption laws, trade sanctions laws and regulations, and anti-money laundering laws and regulations, and we could face criminal liability and other serious consequences for violations, which could harm our business.\nTürkiye's economy is subject to inflation and risks related to its current account deficit.\nRisks from events affecting Türkiye's relationship with the United States.\nForeign exchange rate risks could affect the Turkish macroeconomic environment, could affect your investment and could significantly affect our results of operation and financial position in future periods if hedging tools are not available at commercially reasonable terms.\nTürkiye is subject to internal and external unrest and the threat of future terrorist acts, which may adversely affect us.\nTürkiye's economy has been undergoing a significant transformation and remains subject to ongoing structural and macroeconomic risks.\nInternet and e-commerce regulation in Türkiye is recent and is subject to further development.\nIf regional instability were to spread, our operations could be adversely affected.\nTürkiye is subject to the risk of significant seismic events.\nRisks Related to Marti's Financial Results\nWe are exposed to fluctuations in currency exchange rates.\nWe may have exposure to greater than anticipated tax liabilities and may be affected by changes in tax laws or interpretations, any of which could adversely impact our results of operations.\nWe are subject to tax in multiple jurisdictions, and changes in tax laws (or in the interpretations thereof) in the Cayman Islands, Türkiye or in other jurisdictions could have an adverse effect on us.\nWe establish tax provisions, where appropriate, on the basis of amounts expected to be paid to (and recovered from) tax authorities and, as a result, changes in tax laws (or in the interpretations thereof) could have an adverse effect on us.\nRisks Related to Being a Public Company\nNew Marti will qualify as an \"emerging growth company\" and a smaller reporting company, and the reduced disclosure requirements applicable to \"emerging growth companies\" and smaller growth companies may make its securities less attractive to investors.\nThe requirements of being a public company may strain New Marti's resources, divert New Marti management's attention and affect New Marti's ability to attract and retain qualified board members.\nIf New Marti fails to put in place appropriate and effective internal control over financial reporting and disclosure controls and procedures, it may suffer harm to its reputation and investor confidence levels.\nNew Marti will qualify as a foreign private issuer within the meaning of the rules under the Exchange Act, and as such New Marti is exempt from certain provisions applicable to U.S. domestic public companies.\nAs an exempted company limited by shares incorporated in the Cayman Islands, New Marti is permitted to adopt certain home country practices in relation to corporate governance matters that differ significantly from the NYSE American corporate governance listing standards applicable to domestic U.S. companies; these practices may afford less protection to shareholders than they would enjoy if New Marti complied fully with the NYSE American corporate governance listing standards.\nAn active, liquid trading market for New Marti's securities may not develop or be sustained.\nIf securities or industry analysts do not publish research or publish inaccurate or unfavorable research about New Marti's business, the price and trading volume of New Marti's securities could decline.\nNew Marti may be subject to securities class action litigation, which may harm its business and operating results.\nGalata may redeem the Public Warrants prior to their exercise or expiration at a time that is disadvantageous to Public Warrant holders, thereby making their Public Warrants worthless, and exercise of a significant number of the Public Warrants could adversely affect the market price of Class A Ordinary Shares.\nSubsequent to the completion of the Business Combination, New Marti may be required to take write downs or write offs, restructuring and impairment or other charges that could have a significant negative effect on New Marti's financial condition, results of operations and share price, which could cause you to lose some or all of your investment.\nFollowing the consummation of the Business Combination, New Marti's only significant asset will be its ownership of Marti and its affiliates and such ownership may not be sufficient to pay dividends or make distributions or obtain loans to enable New Marti to pay any dividends on its Class A Ordinary Shares or satisfy other financial obligations.", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:12:06.132+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": 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Having a minority share position may reduce the influence that Galata's current shareholders have on the management of Galata.\nIf Galata is unable to complete the Initial Business Combination prior to July 9, 2023, they will cease all operations except for the purpose of winding up, redeeming 100% of the outstanding public shares and, subject to the approval of its remaining shareholders and the Galata Board, dissolving and liquidating. In such event, third parties may bring claims against Galata and, as a result, the proceeds held in the Trust Account could be reduced.\nFollowing the consummation of the Business Combination, New Marti's sole material asset will be its direct and indirect interests in its subsidiaries and, accordingly, New Marti will be dependent upon distributions from its subsidiaries to pay taxes and cover its corporate and other overhead expenses and pay dividends, if any, on Class A Ordinary Shares.\nThe Galata Founder Shareholders have agreed to vote in favor of the Business Combination, regardless of how Galata's public shareholders vote.\nThe Galata Founder Shareholders and certain of Galata's directors and officers have interests in the Business Combination that are different from, or in addition to, those of other shareholders generally, and Galata's directors were aware of and considered such interests, among other matters, in recommending that shareholders vote in favor of approval of the Proposals.\nGalata Founder Shareholders hold a significant number of Founder Shares and the Sponsor holds a significant number of Private Placement Warrants. They will lose their entire investment in Galata if Galata does not complete the Initial Business Combination.\nGalata will incur significant transaction costs in connection with the Business Combination.\nMarti may be subject to business uncertainties while the Business Combination is pending.\nThe unaudited pro forma condensed combined financial information included in this proxy statement/prospectus may not be indicative of what New Marti's actual financial position or results of operations will be.\nThe consummation of the Business Combination is subject to a number of conditions and if those conditions are not satisfied or waived, the Business Combination Agreement may be terminated in accordance with its terms and the Business Combination may not be completed.\nGalata may waive one or more of the conditions to the Business Combination.\nThe exercise of discretion by Galata's directors and officers in agreeing to changes to the terms of, or waivers of closing conditions in, the Business Combination Agreement may result in a conflict of interest when determining whether such changes to the terms of the Business Combination Agreement or waivers of conditions are appropriate and in the best interests of Galata's shareholders.\nThe process of taking a company public by means of a business combination with a special purpose acquisition company (\"SPAC\") is different from taking a company public through an underwritten offering and may create risks for our unaffiliated investors.\nIf third parties bring claims against Galata, the proceeds held in the Trust Account could be reduced and the per share redemption amount received by Galata's shareholders may be less than $10.00 per share.\nGalata's directors may decide not to enforce the indemnification obligations of the Sponsor, resulting in a reduction in the amount of funds in the Trust Account available for distribution to Galata's public shareholders.\nGalata may not have sufficient funds to satisfy indemnification claims of its directors and officers.\nIf, after Galata distributes the proceeds in the Trust Account to Galata's public shareholders, Galata files a bankruptcy petition or an involuntary bankruptcy petition is filed against Galata that is not dismissed, a bankruptcy court may seek to recover such proceeds, and the members of the Galata Board may be viewed as having breached their fiduciary duties to Galata's creditors, thereby exposing the members of the Galata Board and Galata to claims of punitive damages.\nIf, before distributing the proceeds in the Trust Account to Galata's public shareholders, Galata files a bankruptcy petition or an involuntary bankruptcy petition is filed against Galata that is not dismissed, the claims of creditors in such proceeding may have priority over the claims of Galata's shareholders and the per-share amount that would otherwise be received by Galata's shareholders in connection with Galata's liquidation may be reduced.\nEven if Galata consummates the Business Combination, there is no guarantee that the Public Warrants will be in the money at the time they become exercisable, and they may expire worthless.\nGalata may amend the terms of its Public Warrants in a manner that may be adverse to holders of Public Warrants with the approval by the holders of at least 50% of the then-outstanding Public Warrants. As a result, the exercise price of the Public Warrants could be increased, the exercise period could be shortened and the number of Class A Ordinary Shares purchasable upon exercise of a Public Warrant could be decreased, all without a holder's approval.\nGalata may redeem unexpired Galata Warrants prior to their exercise at a time that is disadvantageous to warrant holders, thereby making their warrants worthless.\nBecause certain of the Class A Ordinary Shares and Public Warrants currently trade as Galata Units consisting of one Class A Ordinary Share and one-half of one warrant, the Galata Units may be worth less than units of other blank check companies.\nGalata may issue a substantial number of additional Class A Ordinary Shares or Galata preference shares to complete the Business Combination or under an employee incentive plan after completion of the Business Combination. 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This could cause the market price of the Class A Ordinary Shares to drop significantly, even if Galata's business is doing well.\nIf the Business Combination's benefits do not meet the expectations of investors, shareholders or financial analysts, the market price of Galata's securities may decline.\nThe Sponsor or Galata's directors, officers, advisors or any of their respective affiliates may elect to purchase Galata's public shares from public shareholders, which may influence the vote on the Proposals and reduce the public \"float\" of the Class A Ordinary Shares.\nThe Galata Warrants and Founder Shares may have an adverse effect on the market price of the Class A Ordinary Shares and make it more difficult to effectuate the Business Combination.\nBarclays was to be compensated as a financial and capital markets advisor to Marti in connection with the Business Combination. Barclays, gratuitously and without any consideration from Galata or Marti, waived such compensation and disclaimed any responsibility for this proxy statement/prospectus.\nIf the funds not being held in the trust account are insufficient to allow us to operate for at least the 24 months following the closing of our initial offering, we may be unable to complete our initial business combination.\nWe have concluded that Galata's disclosure controls and procedures were not effective as of September 30, 2021. If we are unable to develop and maintain an effective system of internal control over financial reporting, we may not be able to accurately report our financial results in a timely manner, which may adversely affect investor confidence in us and materially and adversely affect our business and operating results.", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 09:12:07.193+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "d2d5ca5e-1fce-43da-ac81-1a176542a416", "parentComponentId": null }, { "bbox": { "h": 0.204, "w": 0.917, "x": 0.048, "y": 0.432 }, "kind": "list", "text": "Risks Related to the Redemption\nThere is no guarantee that a shareholder's decision whether to redeem its shares for a pro rata portion of the Trust Account will put the shareholder in a better future economic position.\nIf Galata's shareholders fail to comply with the redemption requirements specified in this proxy statement/prospectus, they will not be entitled to redeem their Class A Ordinary Shares for a pro rata portion of the funds held in the Trust Account.\nShareholders who wish to redeem their shares for a pro rata portion of the Trust Account must comply with specific requirements for redemption that may make it more difficult for them to exercise their redemption rights prior to the deadline.\nIf a public shareholder fails to receive notice of Galata's offer to redeem its public shares in connection with the Business Combination, or fails to comply with the procedures for tendering its shares, such shares may not be redeemed.\nGalata does not have a specified maximum redemption threshold. 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"description": "Slide 10 showcases Marti's product." }, { "from": 4, "to": 4, "label": "Team", "description": "Slides 4 and 8 present the team." }, { "from": 40, "to": 42, "label": "Financials", "description": "Slides 40-42 present financial performance and projections." } ], "loops": [ { "from": 14, "to": 15, "label": "Cost Of Inaction", "description": "Highlight the consequences of not addressing Turkey's mobility issues." }, { "from": 7, "to": 11, "label": "Golden Circle", "description": "Explain Marti's value proposition and how it addresses the problem." } ] }