OUR MISSION:
MAKING CITIES MORE RESILIENT, COMFORTABLEAND EFFICIENT BY BUILDING THE
URBAN MOBILITY SOLUTIONS OF THE FUTURE

V200521SP2General DeckMay 2021

CITY TRANSFORMER CONFIDENTIAL © 2021

CITY TRANSFORMER CONFIDENTIAL © 2021

Business Card2014

Company founded by Dr. Asaf Formoza (CEO)and Udi Meridor (COO, CSO)

2 Centers

Israel | HQ, R&D, Innovation.
Germany | Pre-series production facility

36Engineers, experts, designers, production
working for the company$10 Million

Invested to date
Most of our investors originate from theautomotive industry or represent typicalbusiness customers

Partners

Rapidly growing network of technology,
production, automotive and business partners

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CITY TRANSFORMER CONFIDENTIAL © 2021

The Pain

Riding & Parking in Cities Today, is a Lose-Lose Game
Technology innovation have disrupted almost every aspect of our modern living. And yet, for billions
of people who live in urban areas, daily mobility means significant loss of time and money, endlesstraffic and parking inconveniences, and profound impact on health, safety and overall wellbeing~237 Hours Wasted Annually€100BN Wasted Annually

Stuck and stressed. In NY City & Paris (270 inLondon) per person, looking for a parking spot

Congestion in the EU wastes € 100BN,
or 1% of the EU’s GDP annually>50% City Space Occupied by Cars

40-70% Cause of pollutants

E.g., Buildings lost to Highways and parking
lots in Detroit over the years…

Urban mobility accounts for 40% of all CO2
emissions & 70% of other pollutants in the EU

And it’s about to get worse…
Share of worldwide urban population issharply rising(1)3

CITY TRANSFORMER CONFIDENTIAL © 2021

The Pain

The Automotive Industry failed to embrace this decades-old mobility challenge
Today’s cars are sub-optimal for short urban rides, that account to almost 85% of total
worldwide rides
Simply put, most urban car users use a wasteful,excessively large “product” for their daily needs

WHY?
► Most often profits of selling full-sized cars are higher

than selling compact / small cars

Average car design:

Actual average urban ride:► A (very) conservative industry, reluctant to adapt

Carry 5 passengers~180-200 km/h speed~400 miles range

85% are 1-person rides
17km/h average speed
5-15 miles average distance
Ridden only 5% of the time

► Avoids cannibalizing its own product portfolio

unless externally “forced” (e.g. EVs, mobility-as-aservice)► Hence, most disruption emerges from small,innovative automotive “outsiders” such as:

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CITY TRANSFORMER CONFIDENTIAL © 2021

The Pain

Today’s Micro-mobility solutions: Partial solution with major disadvantages
Poor safety, sensitivity to climate, exposure to noise and pollution

Trying to address the huge unmet urbanmobility challenge we experience the rise of thenew Micromobility revolution (e.g., Bird & Lime)growing 7-10X faster than ride-hailing (e.g.,Uber) the 2nd fastest growing mobility segment

Partial solution with major disadvantages
Unsafe, prone
to accidents
Exposed to heat,cold (sweating…)

Many people can’t or
won’t use 2-wheelers
No isolation fromstreet noise

Rain and water“un-proof”

Much less comfortable
than a car experience

Exposed tostreet pollution“Poor-man’s”
perception

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Seasonality: drop isusage during winterPowered Two-Wheeler (PTW) riders face
X18 higher risk of a fatal or serious accident
on average, than passenger cars (ETSC 2007)5)*( Vehicle photos above are for illustration purposes only

CITY TRANSFORMER CONFIDENTIAL © 2021

WHAT IF THERE WAS A NEW,WIN-WIN ALTERNATIVE?

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CITY TRANSFORMER CONFIDENTIAL © 2021

The Solution

Meet City Transformer : An Urban Mobility Disruptor
City Transformer is an ultra-compact, 100% electric, foldable
passenger and logistics urban vehicle that can change its width
on the go to as narrow as 1 meter wide, allowing it to ride like acar, while parking and outsmarting urban traffic as a motorcycle

PARKS ANDOUTSMARTS TRAFFIC
LIKE A MOTORCYCLERIDES SAFELY ANDCONVENIENTLY
LIKE A CAR

MotorChargingRange

Top SpeedSeats

Weight100%
Electric

30min, 80%
fast charge

Up to180km

90km/h2 Adults
1 Adults, 2 children

450kg, exc.
Batteries

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CITY TRANSFORMER CONFIDENTIAL © 2021

Technology BreakthroughOur Secret Sauce | 1. Foldable Urban EV Platform
An Exponential Technology born to revolutionize urban mobility
A patented Next-Generation foldable urban EV platformthat can actively adjust – contract and expand - its width
to as narrow as 1-meter wide, to outsmart everyday
parking, traffic and space

100% Electric

While the “skateboard” adjusts its width, the passenger
cabin remains unchanged, to maximize space & volume

Charging Time
30 min, 80% capacity > fast charging

Range
Up to 180km/6-10 average city rides

Max. Speed
90km/hWidth
1m folded / 1.4m expanded
Weight450kg + 140kg Batteries
Lower TCO & superior maintainability~1,500 parts (vs. ~25,000 on an avg. car)

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CITY TRANSFORMER CONFIDENTIAL © 2021

Technology BreakthroughOur Secret Sauce | 2. Highly Modular Skateboard
A highly modular platform that provides outstanding freedom of cabin
design for multiple mobility applications, fusing all vital components thatmake our models “tick”, into a single skateboard► Enable faster design and production ofmultiple new urban EV models at alower cost, compared to conventionalskateboards► Allow customers to enjoy bespoke

models and customization to meet their
mission-specific needs & wants► Allow customers to purpose-build

service & sharing fleets in an optimal,
cost-effective manner

9CITY TRANSFORMER CONFIDENTIAL © 2021EXECUTION & INNOVATION FOCUSED MANAGEMENT

Leadership

Proven track-record in seeding and globally scaling
complex multidisciplinary B2B, B2C and engineering business

Dr. Asaf Formoza, CEO● Mechanical engineer Phd.
● Serial entrepreneur● Experienced manager

Udi Meridor, COO & Strategy● Serial entrepreneur● NASA ‘Singularity’ Univ. graduate● Physicist

Dr. Anat Bonshtien, VP Bus. Dev.
● Chairwoman and Director of
the Smart Mobility Initiative atIsrael Prime Minister’s Office

Eyal Cremer, CDO● MA. in transportation design.
● Former designer at ‘VOLVO’‘SKODA’ ‘VW’Dr. Lior Bakshi, VP Production● Mechanical engineer Phd.
● Advanced Physics & Nuclear R&D& mega-project integration

Moti Krispil, VP Marketing● Director, Deloitte Strategy● Serial entrepreneur● Captain (res) Elite IT Unit IDF

Dr. Gideon Goldwine, CTO● Mechanical engineer PhD.
● Founder of the Israeli
university's formula car projectProf. Johann H. Tomforde, Executive Consultant● The “father” of Daimler’s SMART city car● Former executive in Mercedes Daimler

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CITY TRANSFORMER CONFIDENTIAL © 2021

Unique Selling Points

A Category Leader in Urban MobilityA 100% Electric Foldable, 100% Friendly Urban Vehicle, Ideal for Cities, Born to ShareUP TO 75% SAVINGS IN PARKING SPACE,A MOBILITY GAME CHANGER
4 (Four) City Transformer vehicles can park in 1 standard
parking space

HIGHLY DURABLE & EASY TO MAINTAIN
Only ~1,500 parts compared to ~20,000 in astandard car, Smart material selection

OUTSTANDING CABIN DESIGN FREEDOM
Proprietary skateboard design allowing production ofmultiple models, for multiple bespoke urban mobility
applications at a lower cost and faster time to market

10X MORE CHANCE TO FIND A PARKING SPOTX10 more effective parking spots on averagecompared to a regular car, on a typical urban street

SAFEST IN ITS CATEGORY(*)
Airbags, Side “crash zones”, Robust passengercabin, Rigid Aluminum cage

BEST RIDING EXPERIENCE IN ITS CATEGORY (*)
Climate control, Mobile connected office, acousticallyisolated cabin, Personalized driving & navigation app,Rotating seat, Etc.

(*) Electric Quadricycle (L7E)

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Market Opportunity

Example Business Applications Utilizing City Transformer’s Technology
A Technology born to revolutionize urban mobilityShared Urban Fleets
Offering safer, more convenient urban
mobility alternative than powered2-wheelers or public transport

Last Mile Delivery
Offering much greater capacity,
shortened delivery time, easier parking
and reduced urban delivery costs

First Responders (e.g., red-cross)
Arriving safely, swiftly and moreconveniently, weather indifferent,
carrying greater load than motorcycles

Business Mini-Fleets
Supporting employee’s urban
mobility needs, more cost-effective
than taxis or public transport

Privately Owned
A new, safer, moreconvenient urban
mobility alternative

Tourist & Hotel Fleets
Helping tourists and visitor “dwell”
conveniently in cities, a profitgenerating, value-added service

Service Fleets
Superior safety,
space & conveniencefor service fleets

Residential/Office Buildings Fleets
Residents/tenants enjoy an exclusive
mobility service, a value-add/rev-gen
part of the property’s services.‫ הנם אלו המתוארים בתוכנית העסקית וביעדים העסקיים של החברה‬,‫ הלקוחות והדגמים שייוצרו בפועל‬.‫(*) היישומים המוצגים הנם למטרות המחשת הפוטנציאל בלבד‬12

CITY TRANSFORMER CONFIDENTIAL © 2021

SUMMARY
First-mover advantage in ablue ocean of multiple
underserved segments

Breakthrough, patented car“folding” technologyExperienced leadership
Multiple exponential growth
opportunities
Perfect timing to launch
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Thank You!