Axilion Smart Mobility Ltd.

Investor Presentation • Jul 17, 2024

www.axilion.com

www.axilion.com Confidential

Overview

Axilion (TLV: AILN) harnesses the power of AI to help cities improve their traffic management. Our flagship platform, X Way, is a pure SaaS solution for traffic signal optimization. By utilizing a digital twin and applying advanced AI algorithms, X Way optimizes signal timing for various traffic patterns.

Disclosure

The information set forth herein contains certain "forward-looking statements" within the meaning of the Israeli Securities Law 5728-1968 (the "Securities Law"), which are intended to be covered by the safe harbors created thereby. Such forward-looking statements include the timing and terms of the rights offering and the future activities and performance of Axilion, and may be identified by the use of forward-looking terminology such as "may," "will," "project," "target," "expect," "intend," "might," "believe," "anticipate," "estimate," "could," "would," "continue," "pursue," "potential," "forecast," "seek," "plan," "opportunity," "should", or "goal" or the negative thereof or other variations or similar words or phrases. Such forward-looking statements also include, among others, statements about Axilion's plans and objectives relating to future growth and availability of funds. Such forward looking statements are based on particular assumptions that management of Axilion has made in light of its experience, as well as its perception of expected future developments and other factors that it believes are appropriate under the circumstances. Forward-looking statements are necessarily estimates reflecting the judgment of Axilion's management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements.

Certain statements made in this presentation that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words "estimate", "project", "intend", "expect", "believe" and similar expressions are intended to identify forward looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Axilion to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions as well as the other risk factors detailed in the company's periodic and quarterly reports. Axilion undertakes no obligation to update or revise any forward looking statements for any reason. For additional information regarding these and other risks and uncertainties associated with Axilion's business, reference is made to Axilion's reports filed from time to time with the Israeli Securities and Exchange Commission.

The forward-looking statements included herein are based on current expectations and there can be no assurance that these expectations will be attained. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond Axilion's control. Although we believe that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could be inaccurate and, therefore, there can be no assurance that the forward-looking statements included herein will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Axilion or any other person that Axilion's objectives and plans will be achieved. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made. Axilion does not undertake to update them to reflect changes that occur after the date they are made, except as may be required by applicable law.

This presentation contains partial information from the public reports of Axilion under the Securities Law, which reports can be accessed at the Israeli Securities Authority's website, www.magna.isa.gov.il. A review of this presentation is not a substitute for a review of the detailed reports of Axilion under the Securities Law and is not meant to replace or qualify them; rather, the presentation is prepared merely for the convenience of the reader, with the understanding that the detailed reports are being reviewed simultaneously. No representation is made as to the accuracy or completeness of the information contained herein.

This presentation includes financial data that is not audited and financial data that was not prepared in accordance with Generally Accepted Accounting Principles (GAAP). Axilion believes these NON GAAP financial measures provide consistent and comparable measures to help investors understand Axilion's current and future operating performance. However, our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read in conjunction with Axilion's consolidated financial statements prepared in accordance with GAAP. Additionally, these non-GAAP financial measures may differ materially from the non-GAAP financial measures used by other companies.

The information contained in this presentation or which will be provided orally during the presentation thereof, does not constitute or form part of any invitation or offer to sell, or any solicitation of any invitation or offer to purchase or subscribe for, any securities of Axilion or any other entity, nor shall the information or any part of it or the fact of its distribution form the basis of, or be relied on in connection with or relating to any action, contract, commitment or to the securities of Axilion. The presentation does not constitute a recommendation or opinion or substitute for the discretion of any investor.

Axilion Progress Update: Feb - July 2024

Contracted pilot Prior to February 2024 Post February 2024

Prospective pilot*

*in engagement processes and/or technological examination processes

Pilots enhancing 57 signalized intersections across the country, impacting over 16 million people

Axilion has launched two new pilots:

The growing number of pilots and the rapid implementation of the X Way system in complex traffic corridors highlight the company's efficiency and capability for widespread deployment. The company aims for its first significant contract by establishing a strong reputation through numerous pilots across the US. Expanding both its presence, credibility, and its marketing efforts, the company is now recognized by many transportation agencies and engineering firms across the US. AECOM / GDOT

FDOT D5

• Pilot with Florida Department of Transportation's (FDOT) District 5
• Lake Mary Blvd
• 14 intersections across 3.65-miles
• Lake Mary, FL

• Pilot with consulting firm, AECOM
• Corridor is managed by AECOM's SigOps team on behalf of Georgia Department of Transportation (GDOT)
• Indian Trail Rd
• 10 intersections across 2-miles
• Gwinnett County, GA

Building strategic partnerships with top architecture & engineering (A&E) firms

The traffic management market is massive and is poised to grow exponentially in the coming

years

Intelligent traffic management system market growing at a 13.8% 4-year CAGR

Axilion is the only company today with the capability to address the entire market

\$11.86B

Serviceable by Axilion

Total intelligent traffic management system market

\$7.7B Serviceable by competitors

65% of market with connected intersections

Official requests for proposals (RFPs) emphasize innovation, a key criterion where Axilion excels

PennDOT District 6: Traffic signal retiming RFP

Solicitation date: 6/17/24 Up to \$2 Mil

Selection criteria:

40% Innovative approach

TexDOT Houston & Austin Districts: Traffic signal timing RFP

Solicitation date: 3/18/24 Up to \$2 Mil

"The services to be provided include traffic signal timing techniques and emerging technologies aimed at efficiently managing traffic flow, reducing congestion, accommodating various modes of transportation, and enhancing safety."

35% Selection criteria:

Source: https://www.demandstar.com/app/limited/bids/447761/details

Thank you!

Appendix

Partners and Clients

Case study:

- Controls over 1,600 intersections,

Timeline Sep '23-Mar '24

LOCATION

Blue Diamond Rd. 12 intersections across 6.5-miles Las Vegas, NV

Speeding Up Travel Time by 8.12% for RTC of Southern Nevada

8.12%

improvement in arterial travel time

An average reduction in travel time of 8.12% for vehicles traveling westbound and eastbound during peak afternoon and morning commutes

173t

reduction in average emissions

Projected improvement in carbon emissions by 173 tons/annually when comparing previous signal timing plans to new ones

• \$445M annual budget \$683K projected savings per year

Projected annual savings resulting from a combined 37K hours reduction in commuter travel time and a 173-ton reduction in carbon emissions

Case study:

• Controls 1,100 intersections

Timeline Apr – Jun 2024

LOCATION

Railroad Ave 7 intersections across 0.85-mi segment Pittsburgh, CA

CCTA's Pilot with Axilion Yielded a 5.1% Reduction in Travel Time and Provided a Successful Foundation for Future Growth

Foundation for additional partnerships

Following the successful pilot, Axilion is in discussions with Advanced Mobility Group (AMG), a local Architecture and Engineering (A&E) firm, to implement X Way as a service on a select number of corridors in at least one city.

Plans to upgrade traffic signal systems

Contra Costa County has issued a request for proposal (RFP) to enhance traffic signal and communication systems, aiming to synchronize 329 signalized intersections for improved efficiency and flow.

Case study:

• Controls over 9,928 intersections

Timeline Apr – Jun 2024

LOCATION

Timber Drive 7 intersections across 3.5-miles Garner, NC

Axilion's pilot with the North Carolina DOT resulted in a 5.8% improvement in travel time, demonstrating significant expansion potential

Formed relationship with Kimley-Horn

This pilot has opened the door for Axilion to collaborate with Kimley-Horn, a prominent A&E firm with an extensive portfolio of transportation projects across the nation.

Connections to other regional players

NCDOT is linked with several other traffic agencies in the Town of Cary, City of Concord, and SCDOT. These agencies are likely to follow-suit on the innovations that NCDOT employs.

Potential statewide adoption

The organization has expressed interest in adopting X Way to help prioritize and manage corridor optimization across the entire state