Nuvve SPAC Presentation Deck

Denmark Business Case Nuvve Copyright © 2020. All Rights Reserved. Average Revenue per Car/Mo: Average Bid Capacity in Oct 19: Total Capacity: Without Building Services: Nuvve P&L, per car per year FCR* Revenue Base Energy Export (to Grid) Mobility Fee Total Revenues Cost of Energy Cost of Chargers, Nuwe Total Operating Expenses Nuvve Remaining Frequency Control Regulation EUR EUR EUR EUR EUR EUR EUR EUR 15 158€ 227kW 398kW (43 Vehicles) Sep 2017 - Aug 201 8 2,082 106 562 2,750 (1,340) (586) (1,927) 823 100% -49% -21% -70% 30% NUVVE

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