Solid Power SPAC Presentation Deck

History of Success Inception Founded in 2012 by Doug Campbell, Conrad Stoldt, and Sehee Lee, spun out from the University of Colorado Boulder with funding from DARPA 2012 2013 arpa.e ARPA-E Funding Solid Power and its subcontracting partners receive $4.5mm grant from ARPA-E Client company of Innosphere Ventures Contract Secured Won $2.9mm contract with the Air Force for the development of battery technology for the Intercontinental Ballistic Missile Solid Power | DCRC+ 2014 Technological Advancements 2015 ОАК RIDGE National Laboratory Exclusive licensing The Department of Energy's Oak Ridge National Laboratory and Solid Power sign exclusive agreement licensing lithium- sulfur materials 1st Development Agreement Signed Development of 1 Ah cell, >250 Wh/kg with BMW BMW 2016 2017 Began Full-Force Development of Sulfide-Based Solid Electrolytes BMW OEM Buy In In December of 2017, announced partnership with the BMW Group to jointly develop Solid Power's solid-state batteries for EV applications, specifically high performance EVs HYUNDAI Series A Funding Announced closing of first round of equity-based financing in September of 2018, providing validation and capital from world- class partners. Until this point, the company had not raised any equity-based financing Ford CRADLE 2018 Compelling Market Opportunity +VOLTA SAMSUNG ENERGY TECHNOLOGIES SANOh A123 SYSTEMS S 2019 SOLVAY Long-term Partnership Secured with Solvay Ventures Tangible Progress... Delivery and validation of 0.2 Ah cells by OEMs in the second half of 2019 Pilot Production Line Continuous process becomes operational in early 2020 2020 Electrolyte Operates Safely at Temperatures of ~150 °C ...and Rapid Innovation Delivery and validation of 2Ah cell by OEMs in the second half of 2020 Produced 320 Wh/kg 20 Ah cells on production equipment, outperforming commercially available lithium-ion energy densities 2021 Poised for the Future Announced Series B funding and Joint Development Agreements with OEM partners The BMW Group and Ford Motor Company aim to utilize Solid Power's low-cost, high-energy all-solid-state battery technology in forthcoming electric vehicles Ford Developed the 22-Layer Cell 22

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