The International Finance Corporation has announced its first investment in Otokoç Otomotiv Ticaret ve Sanayi A.Ş., a leading automotive retail and car rental company in Türkiye, to support the transition toward cleaner and more resource-efficient transportation. The financing marks an important step in expanding the availability of hybrid and electric vehicles across the country while strengthening the competitiveness of Türkiye’s automotive services sector.
The investment is expected to generate new employment opportunities and support skilled job creation across the mobility value chain. Beyond direct employment, the project is anticipated to deliver wider economic benefits through value addition and knowledge transfer, enabling local suppliers to improve technical capabilities, adopt higher operational standards, and enhance overall efficiency.
By expanding its electric vehicle offerings for both short- and long-term rentals alongside its automotive retail operations, Otokoç Otomotiv aims to improve access to affordable and environmentally responsible mobility solutions. This expansion is designed to respond to growing consumer demand for modern and efficient transportation, while raising service quality and performance standards across Türkiye’s transport sector.
The financing, structured as a loan of up to $150 million, will support fleet modernization and working capital needs, enabling Otokoç Otomotiv to invest in new technologies and expand its operations. The partnership also reinforces IFC’s long-standing collaboration with Koç Group and strengthens its presence in Türkiye’s automotive industry.
Through this investment, IFC seeks to promote sustainable private sector growth by combining capital with global expertise to support innovation, job creation, and environmental responsibility. The collaboration demonstrates how private investment can play a key role in modernizing Türkiye’s mobility ecosystem and advancing the country’s transition to cleaner transportation solutions.
