Aeva Results Presentation Deck

Fourth Quarter and Full Year 2021 Summary Revenue Non-GAAP Operating Loss¹ Gross Cash Use (operating cash flow less capex)² Q4 2021 $2.9m ($25.7)m ($26.6)m FY 2021 $9.3m ($81.9)m ($86.0)m ¹Non-GAAP operating loss of $25.7m in Q4 2021 and $81.9m in 2021 excludes stock-based compensation of $6.2m and $22.2m respectively 2Capital expenditures were $1.6m in Q4 2021 and $3.9m in 2021 Highlights ● ● s AEVA Q4 and full year results driven by continued substantial progress on customer development milestones and path towards production Strong cash, cash equivalents and marketable securities position of $445.0m as of December 31, 2021 Weighed average shares outstanding of 214.3m in Q4 15

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