RDIF and Mubadala invest in Deliver, Russia’s largest digital cargo transportation service

Press release, 03.10.2018

Moscow, October 3, 2018 − The Russian Direct Investment Fund (RDIF), the sovereign wealth fund of the Russian Federation, and Mubadala Investment Company (Mubadala) developed the framework for a joint program to invest in Russian technology companies. This includes investment in the Russian company, Deliver, the market leader in the digitalization of cargo transportation services. Both parties will invest a total of up to $7.5 million, which will be issued to the company in three tranches over the next 12 months.

The funding will be used by Deliver to scale-up its business and develop new products.

Deliver offers shippers and carriers a fully automated process, which provides flexibility and convenience in processing requests for transportation, unprecedented efficiency in truck utilization, full financial and legal responsibility for the safety of cargo, ensures quality of logistics services and timely payment for carriers.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
"Deliver is the market leader among companies that widely use digital technologies in the Russian and international cargo transportation market. We and our foreign partners believe that the company's technologies will significantly increase the efficiency of cargo transportation, optimize costs and create additional opportunities for both large and small businesses."

Danil Rudakov, Founder of Deliver, said:
"We are pleased that investors such as the Russian Direct Investment Fund and Mubadala have invested in Deliver. Today the B2B logistics sector is one of the most attractive for investors, globally. The trucking segment is experiencing the same digital revolution that has already occurred in the taxi and hotel business. Deliver is the undisputed leader in the digital transformation of the Russian freight market, which we began in 2013. To date, several hundred FMCG companies have successfully used the company's services to organize regular and spot FTL shipments using trucks of various types and carrying capacity. Cooperation with RDIF and Mubadala, will enable the company to open up new opportunities for aggressive growth and development."

***

Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established 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 defence 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 size of available truck fleet. As a leader in the 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 a wide carrier 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 / Andrew Leach
Hudson Sandler
Tel: +44 (0) 20 7796 4133