Corporate Presentation

The leading brand for small, sustainable and affordable multipurpose electric vehicles

CORPORATE !

PRESENTATION go

Q3 2021 Let‘s

the new electric car coming soon

fox e-mobility AG | Confidential 2 Overview

fox e-mobility AG | Confidential fox e-mobility AG | Confidential fox e-mobility AG | Confidential fox e-mobility AG | Confidential SUMMARY HIGHLIGHTS

THE NEW MIA

1. Cost Effective Modular Electrical Vehicle Platform

2. Multi Pillar Robust Business Model

3. Highly Scalable Business Opportunity

De-Risked & Shortened Development and 4. Manufacturing

5. Attractive Entry Valuation fox e-mobility AG | Confidential 22.08.2021 | 7 FOX E-MOBILITY AT A GLANCE Becoming the Leading Brand for Small, Sustainable and Highly Practical and Flexible Vehicles

ABOUT FOX HIGHLIGHTS

▪ First listed European pure e-mobility company Cost Effective Modular Electrical Vehicle Platform

▪ Based on an existing EV platform (MIA 1.0) Multi Pillar Robust Business Model ▪ Founded end 2020 by a reverse merger

▪ Based in the heart of Europe, Munich, Germany Highly Scalable Business Opportunity

▪ Dual-pronged B2C / B2B strategy targets large markets that are De-Risked & Shortened Development and Manufacturing primed for explosive growth

▪ Building "THE" electric vehicle for sustainable mobility concepts Attractive Entry Valuation accessible for all

33 1,200+ 1 Platform Patents and Trademarks Mia 1.0 still driving 2 Vehicles near term and Designs Robust & Mature Technical More Coming Basis

fox e-mobility AG | Confidential 22.08.2021 | 8 THE TEAM Successful Experts in the Automotive, Energy and Start-up Sectors

DR. CHRISTIAN JUNG (CTO)

▪ 20+ years experience in the automotive Industry ▪ “Father” of the Porsche Mission E ▪ Former CTO of Automobili Pininfarina ▪ Realized & Introduced the 800V Ultra-Fast Charging Technology (Ionity & EA)

PHILIPPE PERRET (CEO)

▪ 15+ years experience in the management of listed companies ▪ Engagements in the renewable energy sector ▪ Former Corporate Banker from Société Générale

ULRICH HOERNKE (CFO)

▪ 25+ years experience for global OEMs ▪ Several Positions as CFO, Business Development and Country MD ▪ Several Engagements within the e-mobility start-up world

fox e-mobility AG | Confidential 22.08.2021 | 9 Achievements of the last 8 months

WHAT HAS BEEN DONE

Core Team hired

Exterior design finished

Battery supplier secured High Voltage systems layout finished

Engineering supplier structure established Key components pre-selected

First funding round completed

COMMERCIAL VEHICLE PASSENGER VEHICLE (M1) SKATEBOARD LICENSE PROGRAMS (N1)

EU 27 Markets EU 27 Markets Worldwide Ready Asians /Overseas Markets, etc. ▪ 1 Seater ▪ 3 or 4 seats ▪ 3 or 4 seats ▪ License Fee Income ▪ Last mile delivery/local ▪ Urban users ▪ Industrial customers ▪ Customer specific ▪ Logistics configuration ▪ Commercial fleets ▪ Skateboard or vehicles

Major Income Streams

Distribution Revenue License Fee

CO2 CREDITS Engineering Service Revenue + upside potential of selling CO2 credits to traditional OEMS

Highly Attractive Profitability and Extraordinary Valuation Potential for Investors

fox e-mobility AG | Confidential 22.08.2021 | 11 SKATEBOARD

fox e-mobility AG | Confidential

SKATEBOARD FLEXIBILITY Multiple Use Cases Based on One Foundation

SMALL VAN FOR “LAST MILE” SHORT PASSENGER CAR LONG PASSENGER CAR DELIVERY

1500 LITRES VOLUME OF 3 PASSENGER VERSION 4 PASSENGER CAR SPACE

fox e-mobility AG | Confidential 22.08.2021 | 15 IP AND TECHNOLOGY Attractive IP Portfolio and Market Leading Technology

IP OWNERSHIP TECHNOLOGY IN USE AND ECO-SYSTEM

15 Patents Modular Autonomous System Concept: ▪ 2nd battery optional ▪ Base Installation: Level 2+ at Start of Production ▪ Sliding doors & center seat ▪ Level 3 & 4 ready for high tech markets 3 Designs ▪ No autonomy in cost sensitive markets, e.g. Indonesia 15 Trademarks ▪ Modular skateboard concept for different applications ▪ Mia ▪ Mia Electric Open System Approach Software & Hardware eco System: “Do more than driving” ▪ etc. ▪ Enable the users to do more in an easy way ▪ Open the interface documentation ▪ Open repair concept

Advanced Technology ▪ Optional solar lamination integration (e.g. roof module) ▪ Fuel Cell (>700km range or Electrical Supply Functionalities) ▪ Update Over The Air (OTA) ▪ Mia U: Additional Multi Power Supply (220V, 3 Phase 11kW, etc..) for Tooling & Application usage ▪ Cooling / warming fox e-mobility AG | Confidential 22.08.2021 | 16 Next Generation B2B Vehicles MIA UTILITY

fox e-mobility AG | Confidential fox e-mobility AG | Confidential MIA UTILITY The Answer to the Commercial Sector Shifting Toward e-Mobility

INDUSTRY TRENDS DEVELOPMENT GLOBAL LCV MARKET

22.8% ▪ Industry shift to zero emission vehicles

▪ Strong increase in last mile delivery and e-commerce X 10

(Amazon Fresh, Bringmeister,…) 10.1%

▪ Same day delivery will be an important driver (Gorillas, Flink) 2.6% ▪ Total cost of ownership counts 2020 2025 2030 ▪ Commercial fleet operators have a fixed bases which is simplifying eLCV charging solutions GLOBAL MARKET SIZE LAST MILE DELIVERY ▪ Operators understand the range requirements

▪ Projected tenfold increase in market share for eLCV (electric light commercial vehicles)

2030 2021

EUR 10.1 B EUR 71.4 B

fox e-mobility AG | Confidential 22.08.2021 | 19 MIA UTILITY – TECHNICAL HIGHLIGHTS The Most Practical, Usable, Ergonomic and Economic Vehicle

USABILITY DESIGN

▪ Full Commercial Vehicle (N1) Homologation ▪ Additional power outlets (1 phase, 3 phase, etc.) ▪ Multiple loading configurations (Pickup, Van, Cargo, etc.) ▪ Mobile Power Station with second battery ▪ Flat Loading Floor ▪ Heating and cooling of goods ▪ Excellent goods accessibility ▪ Inductive charging pads for power tools ▪ Craftsman Tooling Integration ▪ Optional roof carrier or trailer hatch with 4WD ▪ Quick entry and leave for the driver ▪ Driver can always leave on the needed / safe side COMMERCIAL ADVANTAGES

▪ Robust and endurable FEATURES ▪ Simple repair concept

▪ Optional 4WD, higher ground clearance ▪ Excellent integration of company tools & apps (Tablets & mobile phones) ▪ Optimal for tight building sites ▪ Light weight TECHNICAL HIGHLIGHTS ▪ Low consumption ▪ Advanced safety features (ESP, ABS, ACC, blind spot assist, …) ▪ 225 km range ▪ Flexible seat system for commercial use ‘Last-Mile Delivery’ or ▪ Additional second battery for range or electrical functionalities 3/4 seats

fox e-mobility AG | Confidential 22.08.2021 | 20 FOX E-MOBILITY AT A GLANCE MIA Utility Leading in Total Cost of Ownership (TCO)

Vehicle TCO EV vs. ICE ▪ Very competitive purchase price (EUR 16,000 inc. VAT starting price) ▪ Low weight but high interior volume (1,500 liter) ▪ Small turning circle and sliding doors. excellent for cities 6% ▪ Modular design allows multiple built up concepts 17% 2%

Maintenance -25% -5%

▪ Usage of reliable standard parts (tried and tested industry standard) -54% ▪ Open repair concept -88% ▪ Cost effective materials (e.g. steel profiles and sheets)

Energy ▪ Flexible battery pack configuration (Optional 2nd battery enabling ca. 450km range) ▪ 25kWh battery size – can be charged overnight on a household sockets

fox e-mobility AG | Confidential 22.08.2021 | 21 Fun, Usability, Sustainability MIA Passenger

fox e-mobility AG | Confidential MIA PASSENGER The Product for the Growing Demand of Small, Attractive and Cost-Effective Vehicles

PASSENGER CAR TRENDS AND FACTS

▪ 50% of all new BEV registrations are in the mini/small segment Share (in %) of the car segments in all newly registered cars with electric drives in 2020 in Germany in Germany

8 ▪ 2 cars in 1 household (87%) Mini 16.2

▪ Urbanization / more commuters 15.5 Small 29.9 ▪ Restricted parking areas / upcoming ban on ICE-vehicles in 19.9 Compact inner cities (London, Milan, Paris,….) 19.6

16.1 Midsize ▪ Trends towards car subscription, TCO will become more 8.4

important 5.5 Upper Midsize ▪ Pandemic spreads popularity of electric micro-mobility 1.9 Large 2 ▪ Great subsidies from national governments for EVs 20.6 SUV ▪ ICE EV price parity will be reached by 2025 19.9

9.4 Offroad vehicles ▪ Electric Vehicle Market to grow by 21.1% CAGR till 2026 0

Cars with electric drives overall Cars with pure electric drives overall

fox e-mobility AG | Confidential 22.08.2021 | 23 THE NEW MIA – HIGHLIGHTS The Most Attractive, Sustainable and Practical EV in the Market

DESIGN USABILITY & ERGONOMICS

▪ Modern ▪ Central driving position ▪ Urban ▪ Sliding door ▪ Unique ▪ Excellent space and visibility feeling ▪ Attractive ▪ Excellent accessibility front and rear seating ▪ Sustainable → >95% recyclable ▪ Safe (EU-NCAP 4 Star) ▪ Practical ▪ Flexible rear seating system ▪ Affordable

DRIVING IS FUN TECHNOLOGY

▪ Agile ▪ Light weight (ca. 950 kg) ▪ Small turning radius ▪ Low consumption ▪ Robust and endurable → low TCO ▪ Advanced safety features from today’s Premium Class (ESP, ABS, ACC, blind spot assist, …) ▪ Perfect for tight streets & parking spots ▪ Seamless connected (“Plug‘n Charge”, Android, Apple, Update Over TECHNICAL DATA The Air, etc.) ▪ Do more with Mia: Open Interfaces available from GitHub ▪ Max speed = 130 km/h ▪ Digital services integrated ▪ 0-100 km/h below 10s ▪ Range 225 km plus optional 225 km fox e-mobility AG | Confidential 22.08.2021 | 24 MIA PASSENGER IN SPACE COMPARISON An Intelligent Vehicle Concept Enables Highly Competitive Space Usage Vehicles

TOTAL PASSENGER LENGTH WHEELBASE VOLUME (in liter) (in mm) (in mm)

5,323 5,171 3,000 2,850 2,875 4,694 Canoo 4,533 4,421 2,629 4,270 2,235

3,276 3,200

2,647 2,740

Honda Odyssey

e-golf Model 3 Mia Odyssey Canoo Mia e-golf Canoo Model 3 Odyssey Mia e-golf Canoo Model 3 Odyssey

Tesla Model 3 PASSENGER VOLUME PER METER VEHICLE LENGTH (in liter/m)

Canoo 1,204

Mia 1,024 VW e-golf Odyssey 877

e-golf 620

Model 3 584

Fox MIA Based on: SAE J1100 PV1 + PV2 + PV3, SAE J1100 L103, L101

fox e-mobility AG | Confidential 22.08.2021 | 25 DIGITAL ECOSYSTEM Following an Open System Approach, the MIA will be the Platform for Multiple Use Cases and Large Community Exchange

SEAMLESS INTEGRATION IN CONSUMERS LIFE

▪ Plug and Charge & Overnight charging service

▪ Integration of customer hardware

▪ Clever use applications: e.g. mobile speakers

▪ Digital shareable keys, etc.

▪ Spirit: „Ease to Use“

OPEN A UNERVISE OF APPLICATIONS FOR COMMERCIALS & COMMUNITIES

▪ Open Interface (Github Integration)

▪ Simple extensions by users

▪ Excellent: "Bring your own device" integration

▪ Mia Development Community

fox e-mobility AG | Confidential 22.08.2021 | 26 Realization

fox e-mobility AG | Confidential fox e-mobility AG | Confidential REALIZATION STRATEGY Reducing Engineering Complexity and Outsourcing Production Allows a Fast Market Entry

SMART ENGINEERING OUTSOURCED PRODUCTION

▪ Working with established suppliers ▪ Reduces capital requirements

▪ Using standard parts with proven record ▪ Scalability of volumes ▪ Contracting companies which understand the ▪ Reduces complexity and production risk environment of a start up ▪ Leverage on existing experience and know how ▪ Buying systems rather than optimizing every part ▪ Ensures high built quality

CONTRACT MANUFACTURER RELATIONSHIP

Fully assembled vehicle

▪ IP, Design, Engineering ▪ Assembly of the vehicle

▪ Vehicle distribution ▪ Resource planning

Fee per vehicle ▪ Labor and overhead cost Initial Set Up costs

fox e-mobility AG | Confidential 22.08.2021 | 29 Market Sales & Distribution

fox e-mobility AG | Confidential MISSION 5 Megatrends Drive E-Mobility 1 4 5 Urban challenges ahead of us The concept of ownership Customer value proposition → congestion vs population vs safety is increasingly moving towards → be there, be quick, be useful the bundling of ‘product & service’

GREEN DEAL 2 3 ‚sustainable and modular mobility‘ Urban population E-commerce is growing heavily. Today 55% of the is driving last-mile delivery towards world’s population live in urban areas, a urban areas proportion that is expected to increase to 68% in 2050

fox e-mobility AG | Confidential 22.08.2021 | 31 COMPETETIVE LANDSCAPE Price and Positioning

THE MIA SUITS ALMOST EVERY BUDGET STARTING AT EUR 16,000 !

Real cost to consumers will vary from EUR 8,000 – 11,000 (after governmental incentives). In certain countries/areas these subsidies can be even greater!

fox e-mobility AG | Confidential 22.08.2021 | 32 SALES CONCEPT fox e-mobility will Leverage Advantages of Offline and Online Sales the Best of Two Worlds

MARKETING

▪ MIA Customer internet savvy – leverage social media and online marketing channels ▪ Quality and price-based differentiator: high quality for an affordable price ▪ Pop-up stores to make the vehicle visible to customers (shopping centers, malls, wherever people congregate) ▪ Unconventional social media techniques of establishing consumer connections ▪ Good quality products and service mean higher word-of-mouth branding

HYBRID SALES & DISTRIBUTION SERVICE & MAINTENANCE

▪ Use existing distribution networks ▪ Use existing infrastructure (ATU, Bosch – Germany: (sustainable approach) 22,000 vs. > 14,600 OEM shops) ▪ Use social media (Instagram, Tik- Tok, Snapchat,…) ▪ Bosch service for battery and electronics ▪ Online sales - trend for shopping & online ▪ Online owner manuals free of charge configuration gaining momentum vs showroom visits ▪ “Over the air “ technology of The New MIA allowing remote diagnostics and updates ▪ Local customer centers - similar to Tesla approach but suburban rather than city centers ▪ Parts logistics and supply – through proven partners (e.g. Emil Frey) ▪ Online warranty and recall processes fox e-mobility AG | Confidential 22.08.2021 | 33 Summary

fox e-mobility AG | Confidential ATTRACTIVE REVENUE & VALUATION OPPORTUNITIES fox e-mobility Offers an Extraordinary Chance to Build a Foundation of a Highly Scalable Business for the Future

1. Cost Effective Modular Vehicle Platform ▪ The Skateboard enables multiple EV types across commercial and consumer applications with limited investment ▪ Lightweight sustainable platform full filing ESG requirements ▪ Platform licensable and adaptable to further customers ▪ Consumer price for the MIA starting at EUR 16,000 (incl. VAT) 2. Multi Pillar Robust Growth Strategy ▪ Parallel income streams ensure a highly attractive & robust business model ▪ Revenues from sale of The New MIA and derivatives: consumer & commercial applications ▪ Licensing and skateboard sales revenues for regions outside Europe

▪ Income from sale of CO2 credits in Europe as attractive upside potential ▪ Engineering Services Revenues for Applications of B2B & License Customers 3. Highly Scalable Business Opportunity ▪ ”Window of Opportunity” in a growing market segment with limited competition ▪ B2B, B2C, B2D applications ▪ Further markets and sales volume / income by licences or CKD or Skateboard Sales CONTINUE ->

fox e-mobility AG | Confidential 22.08.2021 | 35 ATTRACTIVE REVENUE & VALUATION OPPORTUNITIES fox e-mobility Offers an Extraordinary Chance to Build a Foundation of a Highly Scalable Business for the Future

4. De-Risked Development and Manufacturing ▪ Reduced risk and investment through outsourced manufacturing, focus on development ▪ Experienced Tier 1 manufacturer ensures high quality, lower warranty risks ▪ Short time to market – The New MIA to be on the road by 2023 ▪ Seasoned management team Extensive automotive/ e-mobility, start up and finance track record

5. Attractive Entry Valuation ▪ Low valuation (market cap) compared to other EV players ▪ Resulting in significant upside potential compared to comparable players in the market ▪ Billion+ opportunity with EBITDA positive in 2024e with >400% growth till 2026e

fox e-mobility AG | Confidential 22.08.2021 | 36 WINDOW OF OPPORTUNITY The MIA Hits the Sweet Spot for Global Demand in the Small EV Sector

Demand Increasing Demand for small vehicles

WINDOW OF OPPORTUNITY

Establish MIA

Offer of Small & Mini EURO 7 Offer of Small & Mini

ICE Cars Decreasing EVs increasing past 2026

2020 2025 2030

fox e-mobility AG | Confidential 22.08.2021 | 37 THANK YOU FOR YOUR ATTENTION.

If you have any further questions, please do not hesitate to contact:

fox e-mobility AG Herzogspitalstrasse 24 80331 Munich, Germany

www.fox-em.com

[email protected]

fox e-mobility AG | Confidential 22.08.2021 38 Disclaimer

This document has been prepared and published by fox e-mobility AG (“FE”), an electric car manufacturer based in Munich, Germany. This document is intended for distribution to professional and business customers of FE, as well as private investors or private customers. Any information in this document is based on data obtained from publicly available information and sources considered to be reliable, but no representations or guarantees are made by FE with regard to the accuracy or completeness of the data or information contained in this document. The opinions and estimates contained herein constitute FE's best judgement at this date and time and are subject to change without notice. This document is for information purposes only; it is not intended to be and should not be construed as a recommendation, offer or solicitation to acquire, or dispose of FE shares. In compliance with statutory and regulatory provisions, FE has set up effective organizational and administrative arrangements to prevent and avoid possible conflicts of interests in preparing and transmitting analyses. These include, in particular, in-house information barriers (Chinese walls). FE or its affiliates, its executives, managers and employees may hold shares or positions, possibly even short sale positions, in securities mentioned in this document or in related investments. Neither FE or its affiliates nor any of its officers, shareholders or employees accept any liability for any direct or consequential loss arising from any use of this document or its contents. Confidentiality, copyright and database rights protection exists in this document and it may not be reproduced, distributed or published by any person for any purpose without the prior express consent of the Chairman of the Board of Directors of FE. All rights reserved. Past performance is not indicative of future results. Investors should make their own investment decisions without relying on this document. Only investors with sufficient knowledge and experience in financial matters to evaluate the merits and risks should consider an investment in FE discussed herein and other persons should not take any action on the basis of this document.

fox e-mobility AG | Confidential 22.08.2021 | 39