Aeva Results Presentation Deck

First Quarter 2023 Summary Highlights Revenue driven by continued deployment of Aeries II Strong cash, cash equivalents and marketable securities position of ~$290m as of March 31, 2023 Weighted average shares outstanding of 219.6m in Q1 ● ● AEVA © 2023 Aeva, Inc. Revenue Non-GAAP Operating Loss¹ Gross Cash Use (operating cash flow less capex)² Q1 2023 $1.1m ($31.3)m ($37.3)m ¹Non-GAAP operating loss of $31.3 in Q1 2023 excludes stock-based compensation of $6.0m 2Capital expenditures were $1.3m in Q1 2023 10

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