Enovix SPAC Presentation Deck

5 Step-Change Increase in Energy Density¹ ENERGY DENSITY (Wh/I) 1300 1200 1100 1000 900 800 700 600 500 400 300 200 100 1990 4.36% Average Annual Increase in Li-ion Battery Energy Density 1991 - 2020 1995 2000 2005 2010 EX-2 1030 Wh/l EX-1 900Wh/l5 Years = 2015 EX-3 1255 Wh/l YEAR 2020 1 Actual and projected energy density metrics for a cell-phone-size battery and Enovix energy density roadmap for a cell-phone-size battery 2025 9 Years 2030 2035 ENOVIX

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