Proterra SPAC Presentation Deck

TRANSACTION SUMMARY Compelling Valuation Across a Range of Comparisons Implied Enterprise Value $Bn January 2021 4.7 4.3 Publicly-Traded Mobility Technology Leaders 9.8 10.8x EV / 2022E Revenue 4.3 3.9 Mobility Technology SPAC Transactions ¹ 8.89.8x EV/2022E Revenue (Current Trading) Source: Capital IQ, Company materials 1. Includes ChargePoint, Nikola, Arrival, Canoo, Hyliion, XL Fleet, Romeo, Lion Electric and Lordstown Note: Refer to Disclaimer on pages 2 and 3 regarding forward-looking statements and use of projections 61% Discount 1.6 PROTERRA 65% Discount Proterra Valuation 50

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