Aeva Investor Presentation Deck

Transaction Overview Transaction Structure InterPrivate and Aeva entered into a business combination agreement on November 2, 2020 The transaction is expected to close on or about March 12, 2021 It is anticipated that the post-closing combined company will be listed on the NYSE and be renamed "Aeva Technologies, Inc." Valuation Transaction reflects a $1,706MM 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 $511MM cash at closing to fund its attractive growth opportunities¹ $2,299MM post-money Equity Value¹ $1,756MM Enterprise Value, with no material debt outstanding at closing¹ AEVA Capital Structure The transaction will be funded by a combination of $243MM¹ cash held in trust and $320MM in PIPE proceeds All-primary transaction; existing Aeva shareholders, including management, are rolling all of their equity and collectively own 74% of the pro forma company at closing ¹Based on InterPrivate's Registration Statement on Form S-4 filed with the Securities and Exchange Commission on February 10, 2021, as amended, and assumes no stockholder conversions 31

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