Aeva Results Presentation Deck

Full Year 2022 Summary Highlights ● ● Full year revenue driven by successful launch of Aeries II Strong cash, cash equivalents and marketable securities position of $323.8m as of December 31, 2022 • Weighted average shares outstanding of 218.4m in Q4 ● 2023 Financial Outlook ● Greater than 50% revenue growth • Target non-GAAP operating expenses similar to 2022 Revenue Non-GAAP Operating Loss² Gross Cash Use (operating cash flow less capex)³ FY 2022 $4.2m¹ ($127.7)m ($117.4)m s AEVA ¹Includes revenue of $8.1m partially offset by an adjustment of $3.9m for an existing customer's contraction modification 2Non-GAAP operating loss of $127.7m in 2022 excludes stock-based compensation of $24.2m 3Capital expenditures were $7.4m in 2022 13

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