Proterra SPAC Presentation Deck

TRANSACTION SUMMARY ...at an Attractive Valuation Valuation Benchmarking vs. Publicly-Traded Mobility Technology Leaders Enterprise Value / Revenue 2021E/ 2022E (x) '21E Peer Median: 16.2x 6.5x '21E 3.6x '22E @ PROTERRA January 2021 '22E Peer Median: 10.3x 62.8x 43.8x PLUG POWER 54.5× 36.1x BALLARD 29.2x 12.8x WORKHORSE 21.2x 17.0x 16.2x 10.0x 13.5× Source: Capital IQ, Company materials 1. Market data and Refinitiv median estimates from Capital IQ as of January 8, 2021 Note: Refer to Disclaimer on pages 2 and 3 regarding forward-looking statements and use of projections 10.3x 13.0x 9.9x TESLA NIO EVEZ CATL 3.7x 3.1x SAMSUNG SAMSUNG SDI PROTERRA 2021E¹ 3.3x 2022E¹ 2.9x BYD 46

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