RDIF announces potential investment in Deliver, first joint transaction in Russia’s technology sector with Mubadala

Press-release, 24.05.2018

St. Petersburg, 24 May 2018 - The Russian Direct Investment Fund (RDIF) together with Mubadala Investment Company are exploring potential first transaction within joint Technology Fund – an investment in Deliver, the innovative Russian cargo transportation services provider bringing revolutionary digital technology to the $8-trillionlogistics industry. Deliver ensures unprecedented efficiencyand convenience via one-click delivery, intelligent truck allocation system, increased fleet utilization and full legal and financial liability. The funds provided will be used for further expansion of Deliver’s business in Russia and abroad.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:

"Deliver makes logistics convenient and efficient via its proprietary online platform. We see huge potential in the company, as it already unites over 57,000 registered carriers and has demonstrated tremendous growth rates, successfully fulfilling over 10,000 orders. RDIF and its co-investors are looking to support future development of the Deliver, as well as other promising technology enterprises in Russia."

Danil Rudakov, Founder of Deliver, said:

"We are delighted that such major investors as The Russian Direct Investment Fund (RDIF) and Mubadala are interested in investments in Deliver. Today logistics in B2B sector is in the highest demand among the investors globally. With no doubt cargo transportation area has been undergoing its own digital disruption as it happened with taxi and hotel services. Delivery has been leading this transformation in Russia since 2013.

As of today, several hundreds of FMCG companies use Deliver to organize regular and spot deliveries by different types of trucks. Just with one click Deliver offers the easiest way to book a truck with a guaranteed safety of goods and e-document support at low rates, while increasing efficiency of vehicle fleet utilization. We are looking forward to new opportunities that Deliver could discover together with RDIF and Mubadala."

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Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth funde stablished in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Further information can be found at www.rdif.ru

Mubadala Investment Company (Mubadala) is a pioneering global investor, deploying capital with integrity and ingenuity to accelerate economic growth for the long-term benefit of Abu Dhabi. As Abu Dhabi’s leading strategic investment company, Mubadala is active in 13 sectors and more than 30 countries around the world, creating lasting value for its shareholder, the Government of Abu Dhabi.

Mubadala’s work includes the development of global industrial champions in sectors such as aerospace, ICT, semiconductors, metals & mining and renewable energy, utilities, and the management of diverse financial holdings. The company builds on legacy expertise in oil and gas to invest across the hydrocarbon spectrum, and enhance the United Arab Emirates’ growth potential through investments in healthcare, real estate and defense services. Mubadala’s investment approach prioritizes partnership with best-in-class organizations and a commitment to the highest standards of governance.

Deliver, established in 2013, launched commercial operations in 2015 and already is the largest freight transportation company in Russia by the size of the truck fleet available. As a leader in digital cargo logistics sector, Deliver provides cargo owners, shippers and carriers with oneclick access to instant booking and pricing, cargo insurance, full legal and financial responsibility for the cargo and services, automated documents handling and lower pricing due to wide carriers network and no intermediaries.

For additional information contact:

Arseniy Palagin
Russian Direct Investment Fund
Press Secretary
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
E-mail: arseniy.palagin@rdif.ru

Andrew Hayes / Elena Garside
Hudson Sandler
Tel: +44 (0) 20 7796 4133

Deliver
Danil Rudakov
Email: danil@icandeliver.ru
Tel: +7 495 565 32 21
Mobile: +7 925 740 86 26