Aeva SPAC Presentation Deck

Transaction Overview Transaction Structure InterPrivate and Aeva entered into a business combination agreement on November 1, 2020 The transaction is expected to close in Q1 2021 It is anticipated that the post-closing company will be listed on the NYSE and retain the Aeva name AEVA Valuation Transaction reflects a $1,700MM pre-money equity valuation for Aeva, representing a highly attractive opportunity to invest in a leader in next-generation 4D LIDAR Technology Aeva to receive $328MM cash at closing to fund its attractive growth opportunities $2,131MM post-money Equity Value¹ $1,803MM Enterprise Value, with no material debt outstanding at closing¹ Capital Structure The transaction will be funded by a combination of $243MM cash held in trust and $120MM in PIPE proceeds All-primary transaction; existing Aeva shareholders, including management, are rolling all of their equity and collectively are expected to own 80% of the pro forma company at closing 'Assumes no redemptions from the public shareholders of IPV 30

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