Marti SPAC Presentation Deck

Risk Factors Risks Related to Marti's Business and Industry We have a relatively short operating history and a new and evolving business model, which makes it difficult to evaluate our future prospects, forecast financial results and assess the risks and challenges we may face. We have incurred operating losses in the past and may not be able to achieve or maintain profitability in the future. . . . . . If we fail to retain existing riders or add new riders, or if our riders decrease their level of engagement with our products and services, our business, financial condition and results of operations may be significantly harmed. We operate in a new and rapidly changing industry, which makes it difficult to evaluate our business and prospects. If we fail to properly manage our anticipated growth, our business could suffer. We 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. We may acquire other businesses, which could require significant management attention, disrupt our business, dilute stockholder value, and adversely affect our operating results. We will need additional capital, and we cannot be certain that additional financing will be available. Poor 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. Future operating results depend upon our ability to obtain vehicles that meet our quality specifications in sufficient quantities on commercially reasonable terms. • Turkey is subject to internal and external unrest and the threat of future terrorist acts, which may adversely affect us. Conflict and uncertainty in neighboring and nearby countries may have a material adverse effect on our business, financial condition, results of operations or prospects. Turkey's economy has been undergoing a significant transformation and remains subject to ongoing structural and macroeconomic risks. . We rely on third-party insurance policies to insure us against certain 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 insurance 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. We 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. Illegal, improper, or inappropriate activity of riders could expose us to liability and harm our business, brand, financial condition, and results of operations. Exposure to product liability in the event of significant vehicle damage or reliability issues could harm our business, financial condition, and results of operations. Our metrics and estimates, including the key metrics included in this Investor Presentation, are subject to inherent challenges in measurement, and real or perceived inaccuracies in those metrics may harm our reputation and negatively affect our business. We 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 operations could be adversely affected. We 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. The markets in which we operate are highly competitive, and competition represents an ongoing threat to the growth and success of our business. If 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 financial condition. Our company culture has contributed to our success and if we cannot maintain this culture as we grow, our business could be harmed. If we are unable to attract, hire and retain key employees and qualified personnel, our ability to compete may be harmed. We are subject to risks associated with doing business in an emerging market. Our headquarters and other operations and facilities are located in Turkey and, therefore, our prospects, business, financial condition and results of operations may be adversely affected by political or economic instability in Turkey. Turkey's economy is subject to inflation and risks related to its current account deficit. Foreign 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. Risks Related to Marti's Intellectual Property and Technology Our user growth and engagement on mobile devices depend upon effective operation with mobile operating systems, networks, and standards that we do not control. Our 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. . 53

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