The leading brand for small, sustainable and affordable multipurpose electric vehicles CORPORATE ! PRESENTATION go Q3 2021 Let‘s fox e-mobility AG | Herzogspitalstrasse 24 | 80331 Munich Germany | www.fox-em.com | Confidential fox e-mobility AG | Confidential Sometimes small things make a big difference 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 fox© COPYRIGHT e-mobility AG 2021 | ConfidentialFOX E-MOBILITY AG | HERZOGSPITALSTRASSE 24 | 80331 MUNICH GERMANY | WWW.FOX-EM.COM | CONFIDENTIAL 22.08.2021 | 10 © COPYRIGHT 2021 FOX E-MOBILITY AG | HERZOGSPITALSTRASSE 24 | 80331 MUNICH GERMANY | WWW.FOX-EM.COM | CONFIDENTIAL THE BUSINESS MODEL Multiple Income Streams Build a Robust Foundation for the Business Model 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