Proterra SPAC Presentation Deck

PROTERRA BUSINESS UNITS Short-Haul Segments Offer Large and Viable Electrification Opportunity Today Vehicles with High Mileage, Low Fuel Efficiency, and Fixed Depot-Based Routes Are Ideal for Electrification Miles Traveled Per Year 1 Gross Weight (lbs.) April 8, 2021 Annual Unit Volumes >5k North American Transit Bus -40k ELECTRIC 30k-45k >35k North American School Bus ² E FILTR 12k-15k -30k >50k International Bus + North American 3 Coach Bus KPE -40k 50-55k 1. Refer to Index on page 66 for sources 2. School Bus Fleet (2018): Type C and D school buses only 3. Freedonia (2018): International includes transit and coach buses in Europe, Australia, and Japan 4. LMC Automotive (2019) >75k European Medium-Duty Trucks 4 KMEY 20K-30k 14k-32k >90k 10k-25k >100k North American North American North American Straight Class 8 Cutaway Chassis 6 Medium-Duty Trucks 5 Trucks 7 33k+ 12k-30k 10k-16k >140k 7. LMC Automotive (2019). Excludes school bus and cutaway chassis broken out separately 8. Cuimmins (2020) 12k-20k PROTERRA 14k-32k >300k Global Excavators 5. Allison Transmissions (2019) 6. Ford Authority and Good Car Bad Car: Cutaway chassis includes Ford E-Series, Ram Promaster, GMC Savana and includes applications including cargo vans, shuttle buses, Type A school buses NM 14k-90k+ 8 26

View entire presentation