Aeva Investor Presentation Deck

Valuation Multiple in Perspective EV/CY2021 (CY+1) EBITDA 70.0x 60.0x 50.0x 40.0x 30.0x 20.0x 10.0x 0.0x 0% Ambarella XXILINX 25% TESLA Ⓒ NVIDIA 50% MOBILEVE 2014-20171 ● Velodyne 2021-2024² 75% 100% 125% 2019A-2022E Revenue CAGR (%) ¹Mobileye financials dated to pre-announcement unaffected date of March 10, 2017. 2Velodyne projections as per investor presentation as of July 1, 2020. 3 Luminar investor presentation as of September 30, 2020. Sources: Factset, Capital IQ as of November 13, 2020, Company Filings 150% LUMINAR 2022-20253 175% Computing Platforms Vision Based AEVA AEVA 2022-2025 200% Traditional LiDAR Disruptive Autotech 31

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