Aeva's Pitch Deck for Next-ADAS and AV

Pro Forma Equity Ownership Sources and Uses 1,2 $ in millions Pro Forma Valuation 4 $ in millions (Share Price in $) InterPrivate Trust³ Rollover Equity PIPE Total Sources Debt Repayment Cash to Balance Sheet (Cash in) Rollover Equity Fees & Other Transaction Expenses Total Uses Sources $243 $1,700 Share Price Pro Forma Shares Outstanding $120 $2,063 Equity Value Uses Plus: Debt Less: Cash to Balance Sheet Enterprise Value $328 $1,700 $35 $2,063 IPV Shareholders 11% / 24.2 All Aeva preferred and common equity holders will receive stock in public company Proceeds from transaction will be used to capitalize balance sheet for $328MM Aeva will use proceeds to primarily fund: - Operating expenses incurred to support significant demand from leading Automotive customers. Substantial research and development activities devoted to developing the next generation of customized solutions for mass production. Pro Forma Post Money Ownership 4 % / millions of shares Existing Avea Shareholders 80% / 170.0 - Working capital to support increasing production demand Completion of the transaction is expected to occur during the first quarter of 2021 IPV Sponsor Shares 3% / 6.9 PIPE Investors 6% / 12.0 $10.00 213.056 $2,131 0 $328 $1,803 1 Based on Aeva capital structure as of June 30, 2020. 2 Assumes no redemptions from the public shareholders of IPV. 3 Cash in Trust value at June 30, 2020. 4 Values shown assuming $10 per IPV share for illustrative purposes; does not include impact of 12.08 and 0.31 million public and sponsor out-of-the-money warrants AEVA 31

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