Aeva Investor Presentation Deck

Operational Benchmarking CY2019A-CY2022E Revenue CAGR 192% AEVA 2022-2025 63% AEVA 2025 Median: 14% CY2019A-CY2022E Average Gross Margin 39% 24% AEVA 2025 NVIDIA. Median: 67% 69% XILINX XXXILINX CY2019A-CY2022E Average EBITDA Margin 45% 4% Median: 38% NVIDIA 65% NVIDIA. 31% XXILINX Overall Median: 16% Overall Median: 67% Overall Median: 38% 51% Median: 30% --- ml MOBILEVE 2014-20171 75% All MOBILEVE 2014-20171 8% Median: 68% Ambarella al MOBILEVE 2014-20171 60% Ambarella 51% Median: 27% 3% Ambarella ¹Mobileye financials dated to pre-announcement unaffected date of March 10, 2017. 2 Luminar investor presentation as of September 30, 2020; Velodyne investor presentation as of July 1, 2020. Sources: Factset, Capital IQ as of November 13, 2020, Company filings Median: 126% 187% LUMINAR 2022-2025² 64% LUMINAR 2025² 44% 65% Median: 61% Velodyne 2021-2024² LUMINAR 2025² 58% Median: 33% Velodyne 2024² 22% Velodyne 2024² Computing Platforms Vision Based AEVA 31% TESLA 21% TESLA 17% TESLA Traditional LiDAR Disruptive Autotech 29

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