Helvetia Venture Fund invests in German start-up Chargery, a full-service e-mobility provider Dienstag, 25. Juni 2019 - 07:00

Media release

St.Gallen, 25 June 2019

Helvetia Venture Fund invests in German start-up Chargery, a full-service e-mobility provider

The Helvetia Venture Fund is investing in Chargery. The German start-up is a full-service e-mobility provider and employs a broad range of services to reduce the outage times of electric fleets in urban areas.

The Helvetia Venture Fund is investing in the German start-up Chargery. The Berlin-based mobility start-up operates in the areas of shared mobility and electromobility, both of which are key growth markets for the coming years as shown by Chargery having established itself as a full-service provider for electric car sharing fleets over the past 18 months. The company uses its combination of services and intelligent software to ensure the more efficient operation of shared electric fleets, such as DriveNow from BMW and SixtShare.

VinciVC, a venture capital company and part of Inci Holding, participated in the financing round as well as Helvetia Venture Fund. The capital injection will enable Chargery to expand into other cities to the benefit of its current and future customers.

Unique position as a full-service provider

"As the sole technology-based full-service provider in the field of shared electromobility, Chargery is in an excellent position in a growth market. This deal offers interesting cooperation possibilities to Helvetia", says Martin Tschopp, Head of Corporate Development with responsibility for the Helvetia Venture Fund. Helvetia is currently reviewing whether and, if so, how Chargery's services could be used for its own insurance customers. Chargery is also pleased about the investment by Helvetia, as Christian Lang, CEO of Chargery explains: "Insurers are an important service provider in the motor industry and that is reflected in their broad know-how and extensive market knowledge. We look forward to benefiting from that in the future."

This media release is also available on our website www.helvetia.com/media.

For further information please contact:

Analysts

Susanne Tengler

Head of Investor Relations

Phone: +41 58 280 57 79

investor.relations@helvetia.ch

Media

Jonas Grossniklaus

Senior Manager
Corporate Communications & PR

Phone: +41 58 280 50 33

media.relations@helvetia.ch

About Chargery

Chargery is the mobility service provider of the future in urban areas. Chargery uses its combination of numerous services and intelligent software to ensure shared electric fleets run efficiently and profitably.

www.chargery.de

About Helvetia Venture Fund

The Helvetia Venture Fund invests in start-ups from the insurtech segment and in young companies whose business models provide a link to or support Helvetia's insurance business. The fund is a subsidiary of Helvetia Swiss Insurance Company Ltd and is domiciled in Luxembourg. It focusses on start-ups from throughout Europe and places an emphasis on those countries in which Helvetia operates, namely Switzerland as well as Germany, France, Italy, Austria and Spain. The total volume stands at CHF 55 million.

www.helvetia.vc

About the Helvetia Group

In 160 years, the Helvetia Group has grown from a number of Swiss and foreign insurance companies into a successful international insurance group. Today, Helvetia has subsidiaries in its home market Switzerland as well as in the countries that make up the Europe market area: Germany, Italy, Austria and Spain. With its Specialty Markets market area, Helvetia is also present in France and in selected regions worldwide. Some of its investment and financing activities are managed through subsidiaries and fund companies in Luxembourg. The Group is headquartered in St.Gallen, Switzerland.

Helvetia is active in the life and non-life business, and also offers customised specialty lines and reinsurance cover. Its business activities focus on retail customers as well as small and medium-sized companies and larger corporates. With some 6,600 employees, the company provides services to more than 5 million customers. With a business volume of CHF 9.07 billion, Helvetia generated an IFRS result after tax of CHF 431.0 million in financial year 2018. The registered shares of Helvetia Holding are traded on the SIX Swiss Exchange under the symbol HELN.

Cautionary note

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This document may contain projections or other forward-looking statements related to Helvetia Group which by their very nature involve inherent risks and uncertainties, both general and specific, and there is a risk that predictions, forecasts, projections and other outcomes described or implied in forward-looking statements will not be achieved. We caution you that a number of important factors could cause results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include: (1) changes in general economic conditions, in particular in the markets in which we operate; (2) the performance of financial markets; (3) changes in interest rates; (4) changes in currency exchange rates; (5) changes in laws and regulations, including accounting policies or practices; (6) risks associated with implementing our business strategies; (7) the frequency, magnitude and general development of insured events; (8) mortality and morbidity rates; (9) policy renewal and lapse rates as well as (10), the realisation of economies of scale as well as synergies. We caution you that the foregoing list of important factors is not exhaustive; when evaluating forward-looking statements, you should carefully consider the foregoing factors and other uncertainties. All forward-looking statements are based on information available to Helvetia Group on the date of its publication and Helvetia Group assumes no obligation to update such statements unless otherwise required by applicable law.