EVE SPAC Presentation Deck

Vehicle Design Optimized for Urban Mobility Flexible Seating Capacity 4 passengers at entry into service Up to 6 in autonomous mode (1) High Utilization Rate Designed for thousands of flight cycles per year with industry-leading reliability EVE Lift + Cruise Design Most practical design choice for efficiency and certifiability 0 Tailored for Urban Mobility 100 km (60 mile) range at EIS Addresses 99% of UAM missions in cities and metropolitan areas (2) Leading Cost Efficiency Over 6x lower cost-per-seat than helicopters and best-in-class for eVTOLS (3) Community Friendly Approximately 90% lower noise footprint compared to equivalent helicopters (4) Note: Expected vehicle performance metrics are based on preliminary models, simulations and proof of concepts ("PoCs"). Actual performance characteristics are subject to validation and change. (1) Eve expects autonomous operations to commence around 2030. (2) EIS = entry into service. Eve's estimate of serving 99% of UAM missions in cities and metropolitan areas is based on a study of 1,500 markets worldwide conducted by Eve and Massachusetts Institute of Technology. (3) Helicopter costs are based on an analysis from Conklin & de Decker. Eve vehicle costs are based on Eve analysis. (4) Data is based on simulations performed by Eve and publicly available noise profile data for a Bell 430 helicopter. 11

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