Electreon Wireless Ltd.

Investor Presentation • Mar 31, 2022

Welcome to the Future of EV Charging

| Electreon

1

March 2022

Disclaimer

The following applies to the presentation with respect to Electreon Wireless LTD and its subsidiaries and affiliates (collectively, the "Company"). In accessing the presentation, you agree to be bound by the following terms and conditions.

The presentation does not constitute or form part of, and should not be construed as an offer or the solicitation of an offer to subscribe for or purchase the securities of the Company, and nothing contained therein shall form the basis of or be relied on in connection with any contract or commitment whatsoever, nor does it constitute a recommendation regarding the securities. The information included in this presentation is a summary only and does not exhaust all of the information regarding the Company and its business, nor is it a substitute for inspection of the Periodic Report for 2020, the Company's current reports and the presentations released thereby, as reported to the ISA via the Magna distribution site (the "Public Information"). The information contained in this presentation is incomplete, is subject to and does not replace the Public Information.

This presentation shall not be relied upon and shall not be construed as any representation or obligation, including with regard to the completeness or accuracy of the information included therein. The presentation may include information presented differently as to the way it has been presented in the Public Information, viz., this presentation may include data presented and/or characterized and/or edited and/or segmented differently from the way it is included in the Public Information. The presentation presents a set of data (including data that is presented in the presentation and has not yet been included in the Company's reports or have not yet been presented in the manner presented in the presentation, and which are correct to the best of the Company's knowledge as of the date on which the data is presented). This presentation includes data and information based on the Company's subjective assessments, estimates and expectations and therefore this data and information should be treated accordingly.

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This presentation includes information that is based on external sources and studies, which have not been independently reviewed by the Company. This information shall consist as general and nonbinding information. The Company's management relies on external publications as part of the Company's day-to-day management and / or setting its goals and strategy. All numbers and figures in this presentation are approximate.

Anyone reading the presentation must read it in conjunction with the periodic report of the Company for 2020, which was published on March 29, 2021 (reference number: 2021-01-049917) and the current reports and the presentations released thereby, as reported to the ISA via the Magna distribution site.

Today's Presenters

Founder led, experienced leadership and technical team

Oren Ezer

Co-Founder & CEO

Barak Duani CFO

• 15+ years of professional experience
• Former Head of R&D at Elop, a subsidiary of Israel's leading defense company Elbit systems)
• Holds an M.Sc in Electrical Engineering, specializing in signal and video processing
• 10+ years of experience as a key finance leader, including at PwC
• Former CFO at Apostherapy Israel, a therapeutic footwear
• company
• Holds a BA in Economics and Accounting and is certified CPA

Charlie Levine CMO

• 9+ years of professional experience
• Former B2B/G Marketing Manager at Moovit, a leading mobility as a service provider
• Holds an MA in Sustainability and Environmental Studies from Tel Aviv University

THE PROBLEM

Existing plug -in solutions limit current fleet operations, require additional real estate allocation, are not suitable for autonomous mobility, and result in high Total Cost of Ownership (TCO)

THE SOLUTION

Move to an invisible shared charging platform that 's tailored to the fleet 's operational needs, and which requires little to no real estate, supports autonomous mobility, lowers TCO, and eliminates upfront capital costs.

Electreon – Pioneers in Wireless EV Charging

To Integrate with 3 Different Vehicle Types (Bus, Truck & Car)

Active OEM Vehicle Integration Programs

promising commercial pipeline

across the globe &

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The Electreon Product Suite

Introducing one of the most advanced wireless charging solutions for every location

Dynamic Charging

Wireless Electric Roads for vehicles in-motion along their daily routes, e.g. buses and P2P truck routes

Semi-dynamic Charging

For slow-moving vehicles e.g. queuing taxis waiting for passengers, entry to logistics hubs and ports, and traffic lights

Static Charging

Stationary charging at bus stations/terminals, bus depots, loading docks, parking lots and street parking

Large Total Addressable Market

_____________

One of the only solutions for every fleet use case that can be deployed at any location, including dense or urban areas

Go to Market Complemented by Strong Partners…

ElectReon partners with leading players to pursue and win public and private projects

Swedish Sustainable Racetrack Operator

Project Manager

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… And Trusted by Leading Brands

Commercially available buses with Electreon's technology

Successful integration launch of Italy's first ERS

Leading Electric Bus Manufacturer

Developing three vehicle integrations on future models

European OEM Leader

Leading North American OEM

Official Higer Importer of Israel

OEMs Customers & Collaborations

German Federal Highway Research Institute

Italian Toll Operator(A35)

Israel's 2 nd Largest Bus Operator

Israel Ministry of Transport

Nordic Construction Company

Swedish Transport Administration

German Electric Utilities Provider

Michigan Department of Transportation

German Public Transportation Operator

Electreon's Wireless Charging System

2

Management Unit

Above-ground or underground Safely transfers energy from the grid to the charging infrastructure

Roadway Infrastructure Under-road copper coils Transfer power to the vehicles' receivers

5

Vehicle Receiver(s)

Transmit energy directly to battery and engine

Real-time Management System The cloud system meters, monitors and manages optimal EV charging at fleet scales

Our unique scalable architecture can support (charge) up to 60 vehicles per Management Unit and may significantly reducing costs

Electreon's Wireless Charging Offers Smooth EV Transition

Shared Platform for All EVs, Including autonomous vehicles

No Visual Impacts Minimum real estate or building adaptations required

Distributes Energy Demand Over Time & Space Flattens peak energy demand to lower operational costs

Simple Vehicle Integration Compatible with any battery technology

Minimize Vehicle Battery Size Weight, impacts and costs

Scalable & Modular Infrastructure Cost -effective charging solution for big fleets

Increase fleet uptime

Top -up charging and extended range limits service interruption for prolonged charging

Quick Infrastructure Deployment & Seamless Installation

Top layer of asphalt removed

1 km of coils can be laid with asphalt repaved in one night

No change to the road surface

Our Business Model

Electreon offers an end-to-end solution including road charging infrastructure, vehicle charging hardware and software and a cloud–based IoT platform that connects all charging devices and vehicles

Charging Infrastructure

Sale of equipment and licenses for dynamic, semi-dynamic and static charging hardware

Serves as the foundation for electrifying roadways for fleets in any state of motion

Vehicle Charging Hardware & Software

Project integration & setup, charging services, vehicle based software solutions and maintenance and operation

Cloud Based Iot Platform

Leverages connected devices on the platform to deliver additional value to fleet owners and operators across four pillars: monitoring and control, charging management, analytics and interconnectivity with partners

Electreon expects to derive revenues primarily from charging as a service, where we will provide our infrastructure and charge fleet operators according to the amount of energy consumed or the number of vehicles

Bus Terminal Wireless Static & Dynamic Charging for E-Buses

Distributed wireless charging in the bus terminal and along the main road as the vehicle drives enables regular 'top-up' charge throughout the day

• Eliminates range anxiety and enables increased operational hours, even 24/7 operations
• Battery capacity can be reduced by up to 90%
• Perfectly fits in with operations and workflows of the bus fleet - no interruption to current fleet behavior

In Sweden, we also demonstrated that a 40 ton etruck can be equipped with just a 210 kWh capacity battery and have extended range

Tel Aviv – Live Public Project

Optimal mix of regular 'top-up' static wireless charging at main bus terminal with dynamic charging along the bus route

400+ kWh Expected bus battery capacity 42 kWh Expected bus battery capacity

Point to Point Wireless Static & Semi-Dynamic Charging for E-Buses

Install invisible charging stations at bus loading and unloading endpoints as well as at stops along a bus or shuttle's designated route

• Ideal fit for terminals, stations, and bus routes located in urban areas
• Top-up charging on the route requires no change to driver or fleet behaviors
• Reduces the size and cost of fleet batteries
• No hidden Operating Expenses (typically required with plug-in charging)
• Enables increased vehicle operational hours

Parameters of study include a 20 Km route length; 22 trips per day per bus as part of a 5 AM – 12:30 AM schedule; endpoint stop time of 12 minutes (total stop time per day amounting to ~ 4 hours); 1 km in total of dynamic electric road segments installed along bus route stops when operational speeds are 10-15 km/h.

Israel - Use Case Study

480 kW/h Required bus battery

In the use case study, this

charging scenario would require a bus battery capacity larger than that of the average e-bus, requiring more than one vehicle to complete the full day's scheduled

capacity

routes.

Conductive plug-in charging only Wireless charging anywhere, anytime

The use case analyzed the effects of endpoint static wireless charging and a combined solution of endpoint static wireless + semi-dynamic wireless charging along the route's bus stops

Phase 1: Endpoint static wireless

Phase 2: Endpoint static wireless + semi-dynamic wireless along the route stops

savings per e-bus, compared to plug-

119 kW/h

\$60K

273 kW/h Required bus battery capacity \$36K Battery cost savings per e-bus, compared to plugin overnight

Required bus battery capacity Battery cost

Demonstrated Commercialization Capabilities

Dynamic wireless charging (50m) demo Status: Expected deployment in summer 2022

Michigan Project

Dynamic wireless charging (1 mile) for multiple EV types Status: Expected Utah Project deployment in 2023

Gotland Island Project

Dynamic wireless charging (1 mile) for electric bus and electric heavy duty truck Status: Live and operational

BASt Project

Dynamic (100m) and static wireless charging for electric van

Status: Deployment expected in H1 2022

Karlsruhe Project

Dynamic (100m) and static wireless charging for electric bus

Status: Live and operational

Lombardy Project

Dynamic wireless charging (1.05 km) for electric heavy-duty vehicle & passenger EV Status: Live and operational

Tel Aviv Projects

Dynamic (700m) and static wireless charging for electric buses

Status: Live and operational. Commercial phase 2 deployment (static charging of 200 buses) expected in 2022

Projects for Expected Commercial Use

Compatible for commercial use, vehicle components R-10 approved and CE (EU) certified

Sweden - Gotland Island Project

1.65 km (1 mile) of wireless electric road for dynamic charging of an ebus and heavy duty e-truck as part of a 4.1 km (2.5 mile) route between the airport and Visby town center Status: Live and operational OEM Partner:

Germany – Karlsruhe Project

Dynamic (100m) and static wireless charging for an electric bus Status: Live and operational OEM Partner:

Israel – Tel Aviv Project

Dynamic (700 meters) and static wireless charging (1 mile) for electric buses

Status: Live and operational; next phase includes static wireless charging for 200 buses at terminals, starting at Reading terminal in 2022 OEM Partners:

Pilot Projects

Italy - BreBeMi

Dynamic wireless charging (1.05 km) for electric heavy -duty vehicle & passenger EV

Status: Live and operational

OEM Partners:

Germany – BASt Project

Dynamic (100m) and static wireless charging for electric van Status: Deployment expected in H1

2022

OEM Partner:

USA – Michigan Project

Dynamic wireless charging (1 mile) for multiple EV types Status: Expected deployment in 2023

OEM Partner:

Electreon 's deal with the Dan Bus Company is expected to be a world class showcase of our wireless charging technology

• 5-year project to charge up to 200 buses across Dan terminals in Tel Aviv and Southern District
• Expansion of ongoing strategic collaboration with Dan Bus Company
• Validates CaaS business model – Dan will pay fee of 770 USD p/bus p/month

Awarded Our First Project in the U.S. in Feb 2022

Additional Partners Expected to Join the Innovation Ecosystem

Playbook for Market Expansion – Israel Case Study

We are confident in our ability to convert pilots into commercial contracts

Key Investment Highlights

Questions

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