Gogoro SPAC Presentation Deck

China (5) INTERNATIONAL EXPANSION Aided by Policy Tailwinds in Large Markets Gogoro can help meet China's safety & sustainability goals faster. Drive towards lithium batteries New National Standard for PTW vehicles enacted in 2019 targets internal combustion engine (ICE), lead acid batteries and is driving change to lithium batteries solutions. Note: 1. NITI Aayog, RMI. Phase-out of non-regulated ePTW vehicles Implementation of New National Standard target to phase out non-regulated ePTW vehicles over 3-5 years, driving replacement of potentially ~290M non-compliant vehicles. Restriction on indoor charging of batteries Provincial and city governments have implemented clear restrictions on indoor charging of removable batteries due to growing fire safety issues. India Gogoro can help India leap-frog the plug-in-charging phase of electrification. Goal: 80% ePTW by 2030₁ Government has set aggressive electrification goals of having 1M high-speed ePTW on the road by 2022 and 80% ePTW and 3W penetration by 2030. FAME II Subsidy extends through 2024 Faster Adoption and Manufacturing of Hybrid and Electric Vehicle (FAME) scheme launched in 2019 to provide subsidy framework for ePTW and e3W vehicles; recently extended to 2024 under FAME Phase II. gogoro. Confidential 2021 100% Electrification of professional delivery New Delhi, for example, has enacted ambitious goals to reach 100% electrification of professional delivery PTW vehicles. 34

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