Elms SPAC Presentation Deck

Company Evolution ● ● SOKON Founded 1986 | Chongqing, China (Listed on Shanghai Exchange: 601127) More than 30,000 EC35 Electric Vans Sold Across Asia Since 2017 (¹) Top-Selling Commercial Electric Delivery Van in China in 2020¹²) ✓ Supplies: Know-How for Existing EV Product Portfolio Customer Field Experience and Warranty Data ✓ Leverage High Volume of Existing Supplier Base Contracts ..//... ELMS ELECTRIC LAST MILE SOLUTIONS Independent U.S. Entity (1) Source: Sokon Group Sales Figures. (2) Baijiahao Dianche Ziyuan. (3) SF Motors, Inc. (d/b/a SERES), a Delaware Corporation, is a wholly-owned subsidiary of Sokon Group. Made-in-USA Commercial EVs 9 ● Carves-Out: SERE S SF Motors (d/b/a SERES) Founded 2016) | Santa Clara, California Electric Powertrain and Software Development for SF5 China Launch • $130M+ Invested in Mishawaka, Indiana Factory for EV Production 100,000 Capacity Indiana Manufacturing Plant ..... Experienced Automotive and Software Team ELMS ELECTRIC LAST MILE SOLUTIONS License Rights to EV Tech and Over-the-Air Patent Portfolio

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