Embark Investor Presentation Deck

THE ECONOMY IS READY FOR OUR TECHNOLOGY $730+ Billion 2020 Trucking Market Expected to Grow to $1.2+ Trillion by 2032(¹) The Problem Not Enough Drivers to Meet Trucking Demand DEMAND FOR TRUCKING ~5% Truck Revenue '21-32E CAGR(1) Lifestyle SUPPLY OF DRIVERS EMBARK Retention Current truck driver shortage of 80,000 Expected to grow to 160,000 by 2030(2) Demographics The Opportunity 1) 2) 3) 4) 5) Address causes of supply chain crisis Dramatically improve unit economics for carriers Enhance speed and consistency - 1 in 5 loads rejected by carriers today(3) Improve safety and fuel efficiency Expedite a 3,000 mile cross-country trip by up to 2 days(4) by removing federal driver hours of service limits Increase net employment of drivers, through creation of more desirable first-mile/last-mile jobs(5) American Trucking Association, U.S. Freight Transportation Forecast to 2032 American Trucking Association, Driver Shortage Report 2021 Carriers Reject 1 in 5 Loads, Signaling Who has the Upper Hand in Pricing Based on 60 MPH Human Driver, 10 Hour Daily Service Break. 55 MPH Embark Driver. Department of Transportation, Macroeconomic Impacts of Automated Driving Systems in Long-Haul Trucking ● 4

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