Elms SPAC Presentation Deck

Current Vehicle Upfitting Process is Inefficient And Costly(¹) SHOWROOM DEALER Processes Customer Order to OEM OEM H OEM Prioritizes Orders and Builds Vehicle 20 (1) Source: Public sources and/or management estimates. (2) Source: Automotive Fleet - 2019 Data. EG UPFITTER(S) Many Locations Each Have Product Specialties ☐ Aligned with FMCs/ OEMs/ Dealers S 26 FINAL DELIVERY Dealer Completes Transaction / Delivery ■ FMCs Vehicles Typically Built In At Least 2 Stages And Require Use Of Franchised Dealers For Ordering And Delivery ette.. ELMS ELECTRIC LAST MILE SOLUTIONS Time Dealer Order to Delivery (2) Ram Promaster City: 137 Days 130 Days Transit Connect: Chevrolet Express: 128 Days CUSTOMER

View entire presentation