Aeva Investor Presentation Deck

Robust Growth Trajectory • We sell perception solutions across four verticals 4D LIDAR System + Perception Software for Automotive, Industrial, and Security Silicon Photonics Engine + Software algorithms for Consumer Electronics • Sales to Automotive OEMs for production vehicles expected to commence in 2024E and include ADAS and Autonomous solutions for Passenger Vehicles, Trucks and Technology / Mobility ● Top 4 customers represent 50% of 2025E Automotive revenue Customers across passenger vehicle, trucking, and mobility drive broad adoption in Automotive and represent high-growth revenue opportunities Collaborations with top Tier-1s including Denso and ZF significantly expand Aeva's 4D LIDAR distribution reach to the world's top OEMs Existing customer demand beyond automotive to deploy Aeva's 4D LIDAR for production in: Depth sensing and Biometric applications for consumer electronics Autonomous navigation and safety function for industrial robotics Next-generation security application • Prior to series production which is expected to occur in 2024E, revenue is primarily from: Automotive development unit sales Non-automotive development unit sales NRE revenue Estimated Annual Revenue (2020-2025) Annual Revenue ($MM) $5 2020E $11 2021E Auto 78% $35 2022E 2025E Revenue Breakdown By Vertical Consumer 12% Industrial 7% Security 3% Includes +$440MM from Agreements with Top 4 Existing Customers¹ ¹Reflects terms and conditions for agreements and production MOUS. Does not represent firm purchase commitments and does not reflect production purchase orders unless and until received. Actual sales may differ materially from projected volume. Source: Aeva estimates $75 2023E NRE Revenue 4% $286 2024E By Type $880 2025E AEVA Solutions Revenue 96% 27

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