REE SPAC Presentation Deck

REE Offers a Unique Value Proposition to Service Providers (MaaS & Logistics) REEcorner technology enables the development of mission specific vehicles, allowing mobility players and service providers to concentrate on core areas of expertise. Service Providers must no longer be limited to off the shelf offerings Modularity RBE Any level of customized body, functionality, ADAS capability and service layers for mission specific applications at required quantities Platforms capable of supporting more than one body for multi purpose units - maximum uptime, usage, and revenue generation Facilitates comprehensive global strategies - core component and system commonalities yet optimized for local market regulations & needs Confidential and Proprietary Information (1) (2) (3) Functionality B) REE Best-in-Class¹ functional capabilities across segments and classes - cargo space, battery capacity agnostic of type, ergonomics, maneuverability and payload Robust data collection capabilities and network of partner experts for DaaS layers Future proofed - modular and highly functional technology allows for upgradeable corners and additional layered services to meet evolving needs RBE Based on publicly available information and statistics regarding Class 2 Vehicles in the sectors in which REE competes Mean time to repair Based on publicly available information and statistics regarding market participants in the sectors in which REE competes Lower TCO and Cost Efficiencies Optimized Design for Serviceability and corner swap capabilities enable low MTTR2, minimal spare part inventories due to maximum common components, and longer lifecycles via upgradeable corners and bodies Operational efficiencies from a single global strategy wide fleet implementation with comprehensive unmatched preventative maintenance Al and OTA upgrades - Industry's flattest³ platform enables much more room for passengers, cargo and batteries (longer ranges for fewer routes) 21

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