Share Transfer Agreement Signed Regarding Changes to Togg’s Shareholding Structure

Following a process conducted through mutual agreement among the founding partners, Togg’s shareholding structure has been reshaped. Under the new shareholding structure, Türkiye Wealth Fund has become Togg’s largest shareholder. With the signing of the Share Transfer Agreement, an important step has been taken towards carrying the institutional experience and capabilities built up since Togg’s establishment into its new shareholding structure.

Established in 2018 in line with the vision set out by our President Recep Tayyip Erdoğan, and with the contributions of the Ministry of Industry and Technology of the Republic of Türkiye and the founding partners, Togg has played a significant role in Türkiye’s industrial and technological transformation as one of the key initiatives of the National Technology Initiative.

Through their investments, expertise and roles, Anadolu Grubu, BMC, Turkcell, Zorlu Holding and TOBB made significant contributions to Togg’s development, bringing together the production capabilities, engineering expertise and corporate experience of different sectors around a common goal. Throughout this process, new capabilities were developed across various fields, ranging from engineering and software to production and technology development, while the growth of a broader ecosystem encompassing qualified human resources and technology entrepreneurship was also supported. Togg has become a strong example of public and private-sector collaboration in pursuit of Türkiye’s industrial and technological objectives. Having entered the automotive market in 2023 with sales of 19,583 vehicles, Togg reached 37,426 vehicle sales in the first nine months of 2026. With a 31% share of Türkiye’s electric vehicle market during the same period, Togg became the sector leader, strengthening our country's position in the transition to electric mobility.

Türkiye Wealth Fund’s inclusion among Togg’s shareholders represents an important step towards achieving the Fund’s objective of implementing domestic strategic investments in line with our country’s priorities. Developing Türkiye’s high value-added production capacity, strengthening its technological capabilities and supporting globally competitive brands are among the fundamental elements of TWF’s long-term investment approach. In this regard, the investment in Togg represents not only a partnership that contributes to the company’s growth journey but also a strategic investment that supports Türkiye’s long-term objectives in the fields of mobility and technology.

With the signing of the Share Transfer Agreement, Togg has entered a new phase in which it will carry forward the experience and achievements built since its establishment through the contributions of its founding partners, into the future under its new shareholding structure.

With Türkiye Wealth Fund joining the shareholders, the aim is to build on the achievements to date, further develop Togg’s technological capabilities and competitiveness, and strengthen the brand’s continued growth in domestic and global markets.

As one of the pioneering projects of Türkiye’s National Technology Initiative, Togg will continue its activities under its new shareholding structure, in line with the vision and objectives established at its founding. In this new phase, built upon the strong foundation created through the efforts and contributions of all stakeholders to date, the aim is to further build on Togg’s achievements and advance its contribution to Türkiye’s global objectives in mobility and technology. We hope that the new shareholding structure will be beneficial for our country, all stakeholders and Togg, and wish Togg every success in this new chapter.