Shift SPAC Presentation Deck

Shift Is a Differentiated ecommerce Platform and Is Taking Share from Auto Retailers ~50% U.S. used auto sales ~50% U.S. used auto sales Retailer Inventory Test Drive Capability NPS / User Experience Logistics Geography Retail Locations Less than 1% U.S. used auto sales SHIFT Full spectrum including Value Full test drives 7 days, 200 miles returns 70 In-house concierge delivery and reconditioning California, Oregon 5 hubs SF, LA, SD, SAC, POR¹ Note: Shift NPS calculated as average NPS of buyers, sellers and test drivers ¹San Francisco, Los Angeles, San Diego, Sacramento, and Portland vroom Recent model / higher price No test drives 7 days, 250 miles returns 52 Third-party reconditioning and delivery National coverage through partners Texas Direct Auto location in Houston, TX CARVANA Broad mix No test drives 7 days, 400 miles returns 82 Hub and spoke model, with 24 vending machines! Logistics cover 70% of population 24 vending machines throughout U.S. Auto Retailers Mixed Test drive capability at retail locations; limited/no returns 7 In-house service and repair for new, used, and certified pre-owned inventory National / Regional Traditional retail Peer-to-Peer One Test drive capability limited/no returns 1 Poor / Inconsistent Various in-person Local Households 21

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