Investor Presentaiton

PROJECTED REVENUE MIX electriq power Through upfront hardware sales, Electriq is creating a platform that is designed to generate substantial, recurring high margin software and services revenue Projected Shift in Revenue Mix Sustainable Solutions 11% 2022 White Label / Distributors / Other 89% 2022 - 2024 Higher Margin Sustainable Community Networks begin to scale Sustainable Solutions 31% 2024 (1) Sustainable Communities Network 69% Potential Revenue Mix from Sustainable Solutions Upfront Installation & Development Fee 11% Recurring Software & Services Revenue 23%(2) Upfront Battery Revenue 66% Potential Revenue Mix from Sustainable Community Networks Sales Upfront Solar, Installation, and Development 51% O Recurring Software & Services... Upfront Battery Revenue 25% Note: Annual actuals are audited through FY 2022. All other periods are estimates. Recurring Revenue Software and Services revenue in Sustainable Community Networks term sheet creates a potential $100MM stream of high margin revenue over time (3) Revenue Per Unit Sold Revenue Per Unit increases as Sustainable Community Networks becomes a larger share $ 9,758 2022 $ 21,947 2024 1. Assumes (i) 1,100 forecasted systems in the MOUS/LOIS with Access Tab and Barrio Electrico are delivered, (ii) 1,100 systems among existing New Channel Partner customers and (iii) acquisition of approximately 2,600 homeowners in the Counties of Santa Barbara and San Luis Obispo, the City of Parlier and surrounding areas. 2. Based on 10-year warranty life for battery units. 3. Illustrative revenue for -8,000 units deployed under 25-year power purchase agreements. Strictly Confidential / Not for Redistribution 29

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