Aeva Investor Presentation Deck

Path to $3Bn 2030E Adjusted EBITDA Potential Long-Term Growth Vectors • Further adoption of L2+/3 ADAS and L4/5 Autonomy in passenger vehicles, trucks and mobility platforms ● AEVA Proliferation of LiDAR for use in consumer electronics (phones, tablets, and smart devices in the home) Broad use of LiDAR for health measurements in wearables and consumer health products Increased distribution of LiDAR to supplement comprehensive security systems and protocols Deployment of autonomous robots and manufacturing in smart factories 2030E Targets Sources: Gartner, IDC, Deloitte, IHS Markit, International Federation of Robotics, Aeva estimates ~$200Bn TAM (Auto, Consumer Electronics, Consumer Health, Industrial & Security) ~3% Penetration Rate >$6Bn Revenue 45%+ EBITDA Margin Opportunity ~$3Bn EBITDA Aeva is Uniquely Positioned to Realize Broad Adoption of Perception Across Devices by 2030 AEVA 29

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