Esteemed stakeholders,

Fulfilling the promise we made to Türkiye five years ago, we are starting to deliver our first smart devices to our users as of March. I would like to thank you for accompanying us on this highly ambitious, challenging and enjoyable journey.

When we set out to build “more than a car”, we had two strategic goals. The first was to develop a globally competitive mobility technology brand, the intellectual property of which belongs to Togg, to Türkiye. The second was to build the core of an open and accessible mobility ecosystem for everyone around our smart device, digital experience platform and clean energy solutions, with the user at the center.

In the past five years, we have taken firm steps forward in line with our plans. We defined our smart device as user-centric, smart, emphatic, connected, automated, shared and electric, and we undertook all design and product development processes with this understanding. Representing these features we introduced the USE CASE Mobility® concept and made it our registered trademark.

We started developing our smart device with a white paper, developed prototypes and launched our project in December 2019. We built Europe’s cleanest facility, Togg Technology Campus, which has been ready for mass production as of October 29, 2022. In terms of energy storage technologies, we established Siro Clean Energy Solutions with a 50-50% partnership with Farasis and started investing in battery technologies including cell technology. With Trugo Smart Charging, we started installing 1000 high performance chargers in 81 cities in Türkiye. We are also preparing our physical touch points, as well as our fixed and mobile service points where our users can live out the Togg experience and which we will manage directly. For an end-to-end, and seamless Togg experience we are establishing our physical touchpoints and service points including our mobile services, which will be managed by Togg directly.

We introduced Trumore, our digital experience platform, which takes mobility beyond getting from point A to point B, at CES 2023. With our digital platform, which helps the user Go around with personalized route suggestions, Earn with uninterrupted payment and reward experiences, Play with making the daily life more fun and easier through gamification, and Scale with constantly evolving through collaborations we offer products and services which fully comply with the highest quality standards and legislation, especially the protection of personal data.

We are a born green and sustainable brand. Our data-based business model, our mobility and smart life solutions that we developed as a technology company, and our ecosystem developed with an environmentally friendly and secure blockchain infrastructure, are built on sustainability.

At the end of March, we will launch our smart device, the T10X, first in our country. By 2030, we will have a portfolio consisting of a total of 5 different body types to meet different needs in the market. Our project will contribute EUR 50 billion to our GDP and EUR 7 billion to our current account deficit in the next 15 years and will provide employment for a total of 20 thousand people, 5 thousand of which will be employed by Togg directly.

This year, as a technology brand, we were proud to be the 4th among more than 3200 brands with our "more than a car" approach at CES where we represent our country and where the world's biggest technology brands meet.

Thank you for joining us on this unique journey to the #NewLeague.

Stronger Togg’ether