Aeva Investor Presentation Deck

Key Investment Highlights Breakthrough Technology To Capture Existing TAM & Create New Categories Revenue Visibility om Commercial Partnerships in Automotive Redefining Perception for Consumer Devices and Beyond... Superior Operating Model Driving Compelling Valuation Metrics World's first 4D LIDAR on a Chip combining instant velocity, long range, low power consumption at industry leading costs • Proven silicon photonics technology, enabling mass production scale across broad applications The "end state" for automotive applications and the "next wave" for consumer and industrial perception ● ● ● Agreements with top four customers represent cumulative projected revenue of ~$1.3Bn, including +$440MM in 2025¹ Strategic partnership with Porsche SE and the world's largest automotive OEMs and technology / mobility players Production and distribution partnership with ZF, one of the world's largest automotive Tier 1 manufacturers AEVA Unique advantages due to superior resolution, silicon chip form factor, and micrometer/second velocity sensing Only integrated LiDAR solution for consumer applications - creating new perception categories across devices Aeva expects to enable broad adoption of AR/VR on mobile devices and smart glasses, high-definition mapping, contactless health monitoring, industrial automation, robotics and security • Multi year programs provide strong visibility into revenue growth and efficient operational planning High margin, scalable business model forecasted to achieve break even without further capital $1.8Bn post-money Enterprise Value, representing 2.0x EV / 2025E revenue and 5.2x EV / 2025E EBITDA ¹Reflects terms and conditions for agreements and production MOUS. Does not represent firm purchase commitments and does not reflect production purchase orders unless and until received. Actual sales may differ materially from projected volume. 8

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