Proterra SPAC Presentation Deck

TRANSACTION SUMMARY 2020E Median: Favorable Valuation vs. Mobility Technology SPAC Transactions Especially Given Proterra's Revenue Scale Today vs. Low / No Revenue Businesses Lowest Enterprise Value Transaction Value / Current Trading ($Bn) 16.0 Transaction Median: 1.5 1.6 PROTERRA Highest Revenue 2020E/2021E ($MM) 246 193 PROTERRA Current Trading Median: 3.1 January 2021 2021E Median: 120 5.4 * ΑΓΓΙVAL 0 0 ΑΓΓΙVAL 12.3 2.4 3.3 -chargepoin+ N NIKOLA NIKOLA 135 198 3 6.7 0 150 29 4 4.1 1.5 THE LION ELECTRIC CO 204 THE LION ELECTRIC CO T I 1 CANO 0 1 0 I I 3.1 1.8 120 -CANOO- 3.0 1.0 LORDSTOWN. 118 LORDSTOWN. Transaction Value ¹ 2.7 1.1 XLFleet 21 -chargepoin+ NIKOLA Source: Company materials, Capital IQ 1. At announcement 2. Market data and Refinitiv median estimates from Capital IQ of January 8, 2021, for those companies that have not yet completed the deSPAC process, enterprise value calculated using market capitalization (equal to pro forma shares outstanding times SPAC's current share price) plus net debt as disclosed in transaction announcement materials 3. ChargePoint approximate calendar year (actual fiscal year ends January 31st) Note: Refer to Disclaimer on pages 2 and 3 regarding forward-looking statements and use of projections 2020E Revenue ¹ 75 2.3 1.0 ROMEO POWER TECHNOLOGY 11 XLFleet 140 ROMEO POWER TECHNOLOGY PROTERRA Current Trading 2² 2.2 1.1 HYLIION 2021E Revenue ¹ 1 8 ⒸHYLIION 47

View entire presentation