Embark SPAC Presentation Deck

Supported By Existing Partners and Pipeline Existing Partners ~32,000 Trucks Purchases ~8k trucks annually ~3 Billion human-driven freight miles annually Our partners currently run ~89% of the trucks required to meet our 2024 target(1) (2) (3) Embark is Currently Partnered with High Quality Carriers But Has a Robust Customer / Carrier Pipeline to Rapidly Grow Targeted 59% Top 100 (~10% of market) Partners 9% Commercialization Discussions 33% Embark is in discussions with carriers who represent 40% of Top 100 truck count(4) ~4,600 Average Fleet Size(4) ~30 Billion Human Driven Freight Miles (5) "1 (1) Assumes our partner routes are the same distribution as all routes, as determined by the Freight Analysis Framework, or ~18% of our partner trucks are in phase 1 addressable lanes in 2024 (2) Assumes each autonomous truck can run 360K miles per year (3) Forecast requires ~6,500 autonomous trucks to meet 2024 mileage targets and estimates that the 5 existing partners have ~5,900 trucks on lanes deployed in 2024 (4) Based on Top 100 For-Hire carrier data from Transport Topics NORTHERN (5) Calculated based on top 100 total tractor count of ~342K(Transport Topics) and ~94K annual miles per truck (Trucking Research) GENESIS II 42

View entire presentation