Solid Power SPAC Presentation Deck

Valuation Benchmarking EV / Revenue Transaction Value at Announcement 0.7x 2028 Solid Power EV / EBITDA Transaction Value at Announcement 2.6x 2028 Solid Power Battery Technology Solid Power | DCRC 1.8x 2028 QuantumScape (1) Battery Technology 7.1x 2.0x 2028 QuantumScape (1) 10.4x 3.5x 2025 LUMINAR 23.7x 7.9x 2025 LUMINAR Source: FactSet as of June 11, 2021. 1. Based on at transaction financial estimates. 2. No public 2025 estimates available. LIDAR LIDAR 3.6x 2.3x 2024(²) Velodyne 20.0x (10.5x) 2024(2) Velodyne 8.3x 2025 BALLARD 68.5x 2025 BALLARD Hydrogen Hydrogen 8.7x 2025 PLUG POWER 39.9x 2025 PLUG POWER Financials and Valuation 9.4x 2023 T TESLA 44.9x 2023 T TESLA EV Enablers EV Enablers 5.9x 2023 CATL 29.4x 2023 CATL 42

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