Aeva Results Presentation Deck

First Quarter 2021 Summary First Quarter 2021 Financial Results Revenue Non-GAAP operating loss¹ Gross cash use (operating cash flow less capital expenditures)² Q1 2021 $0.3m ($15.6)m (15.5)m ¹Non-GAAP operating loss of $15.6m in Q1 2021 excludes stock-based compensation of $4.5m 2Capital expenditures were $0.7m in Q1 2021 Highlights ● ● Anticipate second-half weighted revenue cadence in 2021, aligned with customer development milestones AEVA Strong cash, cash equivalents and marketable securities position of $523m as of March 31, 2021, following $513m net proceeds from business combination transaction Shares outstanding totaled 211.5m as of March 31, 2021 27

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