Investor Presentation December 2023

Liquidity Update Total immediate liquidity (1) of $132M as of September 30, 2023 $36M cash on hand + $96M available on revolving facility • ~$142M gross proceeds received from July 19, 2023 financing transaction ~$200M ABL revolving facility ~$30M drawn vs. total borrowing capacity of -$96M(1) as of September 30, 2023 C$100M (-$75M) (2) government loans for Lion Campus $41M drawn as of September 30, 2023 ~$5M owed for capex incurred up to September 30, 2023 p.19 1) After application of minimum availability test to the borrowing base of -$126M. 2) Based on 1.35 CAD/USD FX rate as of September 30, 2023. SCHOOL BUS LIONCE ⑦LION ELECTRIC יור

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