Turkey's competition watchdog drops mobility app Martı probe after commitments

Turkey's competition watchdog terminated its investigation into scooter sharing company Martı ("seagull" in Turkish) after the company made a series of commitments regarding allegations over abusing dominant market position.


Turkey's Competition Board said on Sept. 13 it had terminated its investigation into mobility app Martı, launched over allegations that it abused its dominant market position, after the company made a series of commitments regarding the issue.

"It has been decided to terminate the investigation, accepting the commitments and making them binding since they are of a nature to resolve the competition problems," the Competition Board said.

Martı ("seagull" in Turkish) started operations in 2020 and operates a fleet of nearly 50,000 e-mopeds, e-bikes and e-scooters.

Martı said last month it would go public via a merger with Galata Acquisition Corp. It said the transaction was expected to close in the fourth quarter, with the combined company expected to be listed on the New York Stock Exchange under the symbol "MRT."