Elms SPAC Presentation Deck

U.S. Commercial Delivery Market By Weight Class (¹) Gross Vehicle Weight CLASS 3 10,001-14,000 Lb. CLASS 2 6001-10,000 Lb. CLASS 1 <6000 Lb. (1) As of February 4, 2021. ELMS Urban Utility - 2022 Urban Delivery - 2021 EV Announcements WORKHORSE Workhorse 2020 650 Workhorse C650 Amazon/Rivian 2022MY Canoo MPDV1 2023 Canoo MPDV3 TBD SOLUTIONS CO Ford eTransit 2022MY GM/BrightDrop EV600 2021 Canoo MPDV2 TBD *ELMS Anticipated First EV in Class 1 16 Gas Entries Currently In Market Ford Transit 350 Ram Promaster Ram Promaster City GMC Savana 3500 Ford Transit ELMS Expects to Offer The First Class 1 EV In An Underserved Commercial Delivery Segment Chevrolet Express Ford Transit Connect ..... ELMS ELECTRIC LAST MILE SOLUTIONS Ram Promaster 3500 Mercedes Sprinter Nissan NV200

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