REE SPAC Presentation Deck

Strong and Diverse Customer Pipeline¹ ● $19Bn+ total cumulative revenue by 2026 Signed MOUs represent $5.1Bn of total cumulative revenue by 2026, or 27% of total cumulative revenue $14.0Bn in Advanced Pipeline stage by 2026 Partners include leaders in EV and autonomous driving across Automotive, Logistics, and Mobility / Technology • Additional early-stage customers represent significant upside potential RBE Confidential and Proprietary Information (1) (2) Total Pipeline Revenue by Stage ($ in Billions)² Signed MOUS ■Advanced Pipeline 0.3 2023 2.7 2024 Mid Duty Commercial Vehicles 18% Mobility as a Service (MaaS) 10% Delivery Vans and Trucks 29% 5.7 2025 Cumulative 2021E - 2026E Revenue by Segments² Total: $19.1Bn 10.4 2026 15% Autonomous Delivery Light Commercial Vehicles 27% Cumulative 2021E - 2026E Revenue By Stage² • Advanced Pipeline $14.0Bn / 73% Total: $19.1Bn Advanced Pipeline 477K / 65% Cumulative 2021E - 2026E Units By Stage² Signed MOUS $5.1Bn / 27% Total: 737K Units Signed MOUS 260K / 35% MOUS may be modified or canceled pursuant to their terms. The Advanced Pipeline reflects initial revenue indications from potential customers and not contractual commitments. Actual sales may differ materially from projected volume These projections are for illustrative purposes only and should not be relied upon as being necessarily indicative of future results 15

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