Istanbul, Turkey – Martı Technologies Inc., a prominent Turkish mobility company, recently announced the appointment of Alex Spiro, a distinguished attorney known for representing high-profile technology figures, to its board of directors. This strategic move follows his recent visit to the company’s headquarters, signaling a potential collaboration that could shape the future of mobility in Turkey.
Spiro, a Harvard Law School graduate and experienced litigator with Quinn Emanuel Urquhart & Sullivan LLP, joins Martı as a “Class II director”. His extensive background includes roles as chair of Glassbridge Enterprises and as a strategic advisor and board member for several other enterprises. His legal prowess is notably recognized through his service as a top lawyer for influential tech entrepreneur Elon Musk, dealing with significant cases including those involving the U.S. Securities and Exchange Commission.
The company’s CEO, Oğuz Alper Öktem, expressed enthusiasm about Spiro’s board membership, citing his vast experience with global technology leaders and U.S. business and political figures as vital for Martı’s ambitious goals. “Alex’s understanding of both the challenges and the landscapes of such enterprises will invaluable to us,” Öktem noted.
Martı, established in 2018 and known as the Turkish term for “seagull,” offers a technology-driven platform for ride-hailing that includes cars, motorcycles, and taxis, along with a fleet of rental e-mopeds, e-bikes, and e-scooters. The company marked a significant milestone in July 2023 by becoming the first Turkish entity to list in New York through a merger with a blank-check company.
Further amplifying its growth trajectory, Martı Technologies celebrated a substantial user base expansion by December 15, with 1.61 million riders and 255,000 registered drivers. The company aims to increase these numbers to 1.9 million riders and 290,000 registered drivers by the end of the following March. Financial targets are also set high, with projections to achieve positive free cash flow and anticipate finishing 2025 with substantial revenue and earnings.
Spiro, reflecting on his new role and the company’s prospects, highlighted the exceptional caliber of Martı’s team and its leadership. “I have had the pleasure of working with some of the leading companies globally, and I am thrilled to contribute to Martı as it scales and moves towards profitability in 2025,” he said.
As Martı Technologies strides forward, the addition of Alex Spiro to its board underscores a pivotal phase in the company’s expansion and strategic alignment. His insight into legal and business challenges combined with an aggressive growth and profitability plan positions Martı to significantly influence the future of mobility both within Turkey and on a global scale.
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