Arrival SPAC Presentation Deck

INVESTOR PRESENTATION Compelling Market Opportunity 1) 2) 3) 5) 6) Forecast Market (2025E) Forecast Van Addressable Market¹ $280B Forecast XL Van Target Market³ $5.4B 2 Significant upside market opportunity via incremental ancillary revenue streams such as software and services Total van addressable market comprises global light and medium commercial vehicles (GVW: 2.000kg-6,000kg) Market size as at end of 2025 based on 3 party market data and Arrival's analysis as of 12/14/2020 Arrival XL Van targets 50% of upper end of Class 3, all of Class 4 and Class 5 vehicles Market size as at end of 2025, based on 3d party market report (February 2023) Forecast XL Van target market Software Defined Factory: A scalable production facility utilising Arrival's in-house software, proprietary robotic technologies and flexible production methods for the production of electric vehicles An attractive & potentially profitable market segment Large market opportunitys Customer commitments to electrification Challenging market for OEMs Purpose built XL Van Attractive margin dynamics Government incentives ΑΓΓΙVAL Total annual revenue of $5.4 billion Arrival XL Van sized for large parcel operators (e.g. Amazon, FedEx or UPS) Operators' increasingly focused on meeting their ESG goals Low volume requirements relative to high capex costs Arrival's Software Defined Factories overcome this Purpose built to satisfy customer requirements Target average selling price ("ASP") > $100k supports attractive margins Class 4 vehicles eligible for IRA tax credit up to $40,000 12

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