Aeva Results Presentation Deck

First Quarter 2022 Summary Revenue Non-GAAP Operating Loss¹ Gross Cash Use (operating cash flow less capex)² $1.1m 2Capital expenditures were $1.3m in Q1 2022 ($28.3)m ($27.8)m ¹Non-GAAP operating loss of $28.3m in Q1 2022 excludes stock-based compensation of $5.8m Highlights ● ● s AEVA Q1 results driven by continued progress on customer development milestones ahead of Aeries II deployment beginning in late Q2 Strong cash, cash equivalents and marketable securities position of $414.5m as of March 31, 2022 Weighed average shares outstanding of 216.0m in Q1 15

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