Solid Power SPAC Presentation Deck

Considering a Framework for Solid Power's Valuation Solid Power Battery Technology LIDAR Hydrogen EV Enablers (²) ✓ Leading ASSB Platform Technology ✓ Long-Standing Partnership - Ford and BMW Proven Roll-to-Roll Manufacturing Capability Solid Power | DCRC QuantumScape LUMINAR Velodyne BALLARD PLUG POWER T P TESLA CATL ✓ Capital Light Business Model Robust Margins Compelling Valuation ✓Engaged in the development of semi-solid-state batteries * Capital intensive business model ✓ Value added technology components ✓Capital light business models ✓ Levered to electrification and ESG tail winds ✓ Technology and industry disruptors ✓ Growing into massive TAM ✓ Market leading battery manufacturers * Capital intensive business model ● Established high growth companies; ~5 years ahead of Solid Power 256% 2026-28 Revenue CAGR 384% 2026-28 Revenue CAGR 117% 2023-25 Revenue CAGR (1) 45% 2023-25 Revenue CAGR 29% 2021 - 23 Revenue CAGR Source: FactSet as of June 11, 2021. Median statistic shown for public company groups. 1. Velodyne represents 2022-24 Revenue CAGR, 2024 EBITDA margin and 2024 Revenue multiple. 2. Primary basis for multiples used in discounted enterprise value analysis. Financials and Valuation 29% 2028 EBITDA Margin 25% 2028 EBITDA Margin 31% 2025 EBITDA Margin (¹) 17% 2025 EBITDA Margin 21% 2023 EBITDA Margin 0.7x EV/2028 Revenue 1.8x EV / 2028 Revenue 7.0x EV / 2025 Revenue (1) 8.5x EV / 2025 Revenue 7.7x EV / 2023 Revenue 41

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