32 slides from Andretti Acquisition Corp. Ii's SPAC merger presentation, December 2025
Slide 1: Unlocking Mass EV Adoption with Extreme Fast Charging Batteries
Unlocking Mass EV Adoption with Extreme Fast Charging Batteries Management Presentation December 2025 1 Confidential Confidential Private & Confidential
Slide 2: Disclaimer
Disclaimer This presentation is being furnished solely for informational purposes in connection with the proposed business combination (the “de-SPAC” or the “Business Combination”) between StoreDot Ltd. (the “Company” or “StoreDot”) and Andretti Acquisition Corp. II (the “SPAC” or “Andretti”). No Re
Slide 3: StoreDot / Andretti SPAC: Extreme Fast Charging Ready For Market
StoreDot / Andretti SPAC: Extreme Fast Charging Ready For Market INVESTMENT HIGHLIGHTS Technology Solves Key Charging Challenge Extreme Fast Charging (XFC) Capability of 100 Miles in 5 Minutes eliminates the #1 barrier to mass EV adoption of charging and range anxiety and is supported by leading IP
Slide 4: StoreDot & Andretti Introductions
StoreDot & Andretti Introductions Confidential 4
Slide 5: Today's Speakers
Today’s Speakers Doron Myersdorf Meir Halberstam William J. (Bill) Sandbrook William M. (Matt) Brown Executive Chairman and CEO and Co-founder Chief Financial Officer CEO Chairman of the Board Doron is the founder of StoreDot. Meir is a senior finance executive Bill is the Executive Chairman and the
Slide 6: Andretti Overview
Andretti Overview Led by Leading Public Company Executives & the U.S. Concrete Case Study Legendary Andretti Racing Family Bill Sandbrook & Matt Brown ~24x EBITDA Growth(1) 35+ Strategic Acquisitions William (Bill) Sandbrook William M. (Matt) Brown Michael Andretti Mario Andretti 25x Market Value Cr
Slide 7: StoreDot – Leading Battery Licensing Innovator
StoreDot – Leading Battery Licensing Innovator Funding Raised Funding Raisedand andBacking Acquired Key Backers Value Proposition Value Proposition A Leading Western Extreme Fast Charging (“XFC”): Power Up Faster, Go Further • StoreDot has raised $200M to date from top tier global • Asset Light Adva
Slide 8: StoreDot's Founder-Led Multi-Disciplinary Team
StoreDot’s Founder-Led Multi-Disciplinary Team Carl-Peter Forster Doron Myersdorf Meir Halberstam Yaron Fein Chairman – 2 Year Tenure CEO and Co-founder – 12 Year Tenure Chief Financial Officer – 8 Year Tenure Executive VP R&DOfficer Chief Operating – 7 Year – 8Tenure Year Tenure Carl-Peter’s career
Slide 9: A strategic, Western-based battery solution reducing dependence on China-centric supply chains
Delivering 10-minute EV charging to the mass market through a capital-light, OEM-ready model Asset-light Drop-in OEM-validated & 100+ patent IP licensing model compatible scaling moat No need to build gigafactories – Works on today’s Li-ion 10+ global OEMs in active Silicon-dominant anode delivers S
Slide 10: Company Overview
Company Overview Confidential 10
Slide 11: What We Do
StoreDot Battery Technology Solves the Charging Time Barrier… StoreDot Licenses XFC EV Battery Technology in Partnership with Leading OEMs StoreDot Battery ✓ XFC Battery Technology ✓ Global Leadership ✓ Partnership Model What We Do • A leading XFC battery • Global business with • In process of comme
Slide 12: Supported by a Strategic Go-to-Market Business Model
…Supported by a Strategic Go-to-Market Business Model A Shared Vision of Commercial Effectiveness Paradigm Changing Technological Leading Edge Technical and R&D Capabilities Commercial Human Capital • Own and develop fast charging technology • 15+ PHDs with the OEMs protected by 100 patents • Vetera
Slide 13: Large & Growing Addressable Market for Battery Solutions
Large & Growing Addressable Market for Battery Solutions StoreDot’s Silicon Based XFC Technology is a Near-Term Actionable Solution in a sizeable market, with 2/3 of future volume anticipated to be ex-China Global Long-term Passenger BEV Sales by Market1 (M Vehicles) China Europe US RoW 69 67 64 62
Slide 14: StoreDot's Unique XFC Technology
StoreDot’s Unique XFC Technology Holistic approach to fast charging lithium-ion batteries Extreme charging rate >50% reduction in charging time with same price trajectory Cathode High energy density • High-capacity stable active material >330 Wh/kg and >860 Wh/L, silicon dominant anode with minimal
Slide 15: Battery Chemistry Competitive Advantage
Battery Chemistry Competitive Advantage Clear advantages for nano-silicon over graphite as anode active material Replacing Graphite with Silicon Increases Energy Density and Enables Fast Charging Confidential 15
Slide 16: Consistent, Reliable Charging Rate at Any State of Charge
Consistent, Reliable Charging Rate at Any State of Charge 100in5: 100 miles charged in 5 minutes Actual Polestar 5 Today’s fast charging solutions 400 Test Results2 • Charging rate slows significantly as the battery 350 fills up 300 OEM 1 OEM 3 Is at least 2 times better StoreDot’s extreme fast char
Slide 17: StoreDot's Holistic Cell Design is Competitively Differentiated
StoreDot’s Holistic Cell Design is Competitively Differentiated… Silicon-dominant anode provides significant performance and scalability advantages Silicon-dominant anode Li-ion battery XFC with Category All Solid State Battery Li-ion battery (Gr/ Gr+Si) LFP Cathode StoreDot Competition Selected Pla
Slide 18: Select Public Company Analysis
Select Public Company Analysis StoreDot is strongly differentiated versus QuantumScape Company Core Technology Silicon Anode XFC Solid-State (Anode Free), Li-Metal Manufacturing Drop in for Existing Manufacturing Infrastructure New Factories Required Fast Charging (10%-80%) 10 Minutes (Proven) 12-15
Slide 19: Defensible IP Moat – Patent Dominance in Silicon Anode Fast Charging
Defensible IP Moat – Patent Dominance in Silicon Dominant Anode Fast Charging Segment for BEVs XFC Chemistry XFC Cell Design XFC System Designed for Safety StoreDot’s patent portfolio Active Enables both XFC with high energy density materials Organic Improves mechanical stability through binders opt
Slide 20: StoreDot's Silicon Anode Advantage
StoreDot’s Silicon Anode Advantage Highly Flexible Approach with Reduced Capital Needs Technology Licensing Strategy Core StoreDot Tech Proposition StoreDot licenses XFC battery technology to the OEMs for a royalty fee, Description with OEMs producing the XFC batteries using their capabilities Fully
Slide 21: Key Battery OEMs
Key Battery OEMs Demonstrable Progress with Key Battery OEMs EVE Energy Co. LTD Kumyang Co. LTD • Established: 2001 • Established: 1955 • GwH: 150 • GwH: 16.2 • HQ: Huizhou, Guangdong, China • HQ: Busan, Korea • Manufacturing Line Locations: Jingmen (PRC), • Manufacturing Line Location: Busan (Korea
Slide 22: StoreDot's Integrated Global Network
StoreDot’s Integrated Global Network Ongoing programs with OEMs worldwide complemented by strategically located sales, R&D, and manufacturing centers Platform Business Israel – HQ and R&D Hub Development Office • Majority of personnel based outside of Tel Aviv • Global production footprint and custo
Slide 23: Commercialization R&D Milestones
Commercialization R&D Milestones A Sample – Spec Verification Cell B Sample - EV Form Factor Cell C Sample – Production Validation Cell Alpha Sample Beta Sample Final Product Technology Validation Stage Cell Design Validation Stage Mass Production Samples Low Volume Medium Volume High Volume Milesto
Slide 24: EV OEM Pipeline for StoreDot XFC Commercialization
EV OEM Pipeline for StoreDot XFC Commercialization Region Relationship Next Stage Key Criteria Status A Sample In Technology RFQ during H2 2025 for Cylindrical Validation 4 OEMS EU ~3 Years battery format 14-minute charging and commercial scale RFQ in process process Finalize A-Sample this year, tes
Slide 25: Recent News and Future Opportunities
Recent News and Future Opportunities Partnership Expansion Continues on a Global Scale US OEM Q3/Q4 2025 Completed safety testing with positive results. Management level to decide on the next phase. EU OEM Q3 2025 Signed a landmark JDA (July 2025) with a commercialization plan and licensing terms US
Slide 26: Illustrative Revenue Per Vehicle
StoreDot’s asset-light licensing potentially unlocks significant revenue upside Per-vehicle royalties on XFC battery packs can convert a growing BEV market into a sizeable, scalable revenue opportunity Total Number of BEV Passenger Vehicles Illustrative StoreDot Revenues3 100k-1M 1M+ 10-100k Implied
Slide 27: Transaction Overview
Transaction Overview Confidential 27
Slide 28: Transaction Summary
Transaction Summary ✓ XFC Battery Technology Andretti (Nasdaq: StoreDot extreme StoreDot’s low- StoreDot is POLE) intends to fast charging Capex licensing currently working combine with battery solution business model is with 10+ StoreDot at a solves the key positioned to scale, automotive OEMs $1,1
Slide 29: Summary of Key Deal Terms
Summary of Key Deal Terms Transaction Highlights Sources & Uses Sources Value ($M) % Uses Value ($M) % ▪ Business Combination between Andretti Acquisition Corp II 1 SPAC and Israeli-Incorporated StoreDot Ltd Cash-In-Trust $242.0 23.2% Equity Rollover $800.0 76.8% ▪ Will provide critical growth capit
Slide 30: Select Public Company Analysis
Select Public Company Analysis Technology Licensing Businesses1 Traditional, Capital Intensive Battery Manufacturers ($ in millions) ($ in millions) Enterprise Value Enterprise Value Equity Value Equity Value $143,246 $21,815 $140,106 $21,119 $13,241 $10,434 $12,457 $9,787 $7,110 $1,104 $1,604 $1,10
Slide 31: Valuation Comparison versus QuantumScape
Valuation Comparison versus QuantumScape Clear pathway to value realization as EV battery technology reaches maturity ($ in millions) QuantumScape’s valuation has climbed as the company hit key sample milestones and introduced new production $10,6581 technologies YTD High $7,110 Current $3,400 $3,04
Slide 32: Charging the EV Lifestyle
CHARGING THE EV LIFESTYLE