IFC Invests in Otokoç Otomotiv to Advance Mobility and Help Drive Job Creation in Türkiye

• IFC loan will accelerate the transition to modern, resource-efficient transportation in Türkiye.
• Investment will foster skilled jobs and expand employment opportunities in the automotive industry.
• Enhanced competitiveness in Türkiye's automotive services sector by increasing market diversity.

Istanbul, Türkiye, February 3, 2026-IFC today announced its first financing for Otokoç Otomotiv Ticaret ve Sanayi A.Ş. (Otokoç Otomotiv), a leading automotive retail and car rental company to encourage wider adoption of hybrid and electric vehicles in Türkiye.

The investment is expected to create new jobs and expand employment opportunities in the mobility sector. Beyond employment benefits, the project is also expected to generate broader economy-wide gains through value-addition and knowledge transfer-helping local suppliers improve their skills, adopt higher standards, and enhance their overall efficiency.

By increasing the availability of electric vehicles for short- and long-term rentals in addition to automotive retailing, Otokoç Otomotiv aims to expand access to affordable, cleaner and advanced mobility options in Türkiye. This will help meet growing market demand for efficient, modern transportation solutions in the country, supporting better service delivery and raising performance standards across the wider transportation sector.

"Our first collaboration with IFC marks an important milestone in Otokoç Otomotiv's long-term growth journey and our ambition to shape the future of mobility," said İnan Ekici, CEO of Otokoç Otomotiv. "The financing reflects the trust placed in our nearly century-long operational heritage, strong financial governance, and commitment to sustainable value creation. Through this investment, we aim to advance cleaner and low-emission mobility solutions while contributing to higher standards and qualified employment across Türkiye's mobility ecosystem. IFC's global expertise and long-term perspective will further strengthen our ability to deliver modern, accessible, and environmentally responsible mobility solutions in all the markets where we operate."

"By supporting efforts to broaden access to modern transportation and promote local employment, we are aiming to drive progress toward a more sustainable and innovative mobility sector in Türkiye," said John Gandolfo, IFC's Vice President and Chief Financial Officer. "This marks IFC's first investment in Otokoç, expanding our footprint in the automotive industry and demonstrating how private capital can support the modernization of Türkiye's mobility ecosystem."

Note to Editor

The IFC loan of up to $150 million aims to help Otokoç Otomotiv modernize its fleet and support working capital needs, enabling the company to expand its operations and invest in new technologies and services. The collaboration with Otokoç Otomotiv further strengthens IFC's longstanding partnership with Koç Group.

About Otokoç Otomotiv

Incorporated in 1928 as the Koç Group's first investment in the automotive industry and the initiator of the history of automotive, Otokoç Otomotiv is today Türkiye's leading company offering services under the brands Otokoç, Avis, Avis Filo, Maestro Fleet Management, Budget, Otokoç Sigorta (insurance), Otokoç 2. El (second-hand vehicles), Otokoç İhale (online second-hand sales), and Otokoç Parça (spare parts). Otokoç Otomotiv also sells used cars (with after-sales service) through an omnichannel platform and offers spare parts in Türkiye and operates the car rental business in nine countries. The Company operates a total of 302 points of sale and employs over 3,000 people. Türkiye is its core market, accounting for more than 90 percent of total revenues, complemented by a broader footprint across regional markets. For more information, visit https://www.otokocotomotiv.com.tr