Slide 1: Investor Presentation May 2026
Investor Presentation NASDAQ May 2026 ALMU © Aeluma, Inc. All Rights Reserved.
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains summary information about Aeluma, Inc. (“Aeluma”) as of the date hereof. The information in this presentation is of general background and contains an overview and summary of certain data selected by the management of Aeluma. It does not purport
Slide 3: The Aeluma Vision
The Aeluma Vision Build the world’s highest performance semiconductor chips with scalable manufacturing © Aeluma, Inc. All Rights Reserved.
Slide 4: Background Story: Gallium Nitride (GaN) and the Blue LED
Background Story: Gallium Nitride (GaN) and the Blue LED A materials breakthrough that enabled an industry and more “These won’t ever replace the kitchen light.” The blue LED revolutionized lighting and displays, and gallium nitride “The research is a waste of money.” broadly impacted many photonics
Slide 5: Aeluma's Indium Gallium Arsenide (InGaAs) Breakthrough
Aeluma’s Indium Gallium Arsenide (InGaAs) Breakthrough Best-in-class materials with scalable manufacturing “InGaAs on silicon won’t work, people have tried.” InGaAs is the best material for shortwave infrared (SWIR) applications, “You can’t grow quantum dots by MOCVD.” impacting defense & aerospace,
Slide 6: Company Overview
Company Overview Transformative Technology Capital-Light Manufacturing Significant Business Traction • Best-in-class materials with large- • Primarily outsourced • Disruptive tech validated by U.S. volume manufacturing manufacturing for rapid scaling agencies and customers • ~36 issued and pending p
Slide 7: Innovation & Technology
Innovation & Technology Next-generation photonics with large- diameter wafer manufacturing © Aeluma, Inc. All Rights Reserved.
Slide 8: Aeluma's Breakthrough in Semiconductor Manufacturing
Aeluma’s Breakthrough in Semiconductor Manufacturing The Foundation for Next-Generation Photonics The World’s First 300 mm InP-on-Si wafer Aeluma 2022 Products: InGaAs image sensors, high-speed photodiodes ✔ Overcomes supply chain constraints Markets: Mobile, AI, Datacom, D&A, Quantum ✔ Highly autom
Slide 9: Why Aeluma and Why Now? SWIR Sensors for Mobile
Why Aeluma and Why Now? Shortwave Infrared (SWIR) Sensors for Mobile and Consumer Electronics What is SWIR? SWIR sensors needed for eye safety and other benefits Face ID Automotive sensors AR/VR 3D scanner Health monitoring Radical approach required to scale and reduce cost VIS: visible; NIR: near i
Slide 10: Manufacturing for Mass Markets
Manufacturing for Mass Markets Aeluma’s Large-Diameter Substrate Manufacturing: Economies of Scale Incumbent technologies cannot meet volume and cost requirements for consumer markets. Aeluma’s manufacturing enables scaling and cost reduction required for mass markets. Substrate Wafers for 20 Typica
Slide 11: Products & Markets
Products & Markets A roadmap to address markets across Mobile, AI, Defense, and beyond © Aeluma, Inc. All Rights Reserved.
Slide 12: Scalable Technology for a Broad Market
Scalable Technology for a Broad Market From Consumer to Defense Mobile and Consumer Datacom and AI Defense & Quantum Electronics Infrastructure Aerospace • Face ID • AI/ML infrastructure • HD imaging • Quantum photonics • 3D scanner • Data centers and HPC • LiDAR • Networks and sensors • Health moni
Slide 13: Why Aeluma and Why Now? AI Infrastructure
Why Aeluma and Why Now? AI Infrastructure and Data Center Interconnects Market Opportunity • $300+ billion in data center capex investments made by top four U.S. hyperscalers in 2025 • Investment will approach $700 billion in 2026; growing to $1+ trillion in 2029 • Optical networking comprises ~15%
Slide 14: Portfolio
Portfolio Scaling the World’s Highest Performance Semiconductors Large Wafers and Large-Area InGaAs High-Speed InGaAs Templates Photodiodes Photodiodes and Arrays InGaAs Imaging Quantum Nonlinear Quantum Dot Lasers Photodiode Arrays Photonics © Aeluma, Inc. All Rights Reserved.
Slide 15: Wafers and Templates
Wafers and Templates Features: Low defect density, surface roughness, and wafer bow GaAs-on-Si InP-on-(GaAs/Si) AlGaAs-on-Insulator • 100 to 300 mm wafers • 100 to 300 mm wafers • 100 to 300 mm wafers • Suitable for GaAs RF, Opto, MWIR • Suitable for InP RF, SWIR • Suitable for InP RF, SWIR Applicat
Slide 16: Large-Area InGaAs Photodiodes
Large-Area InGaAs Photodiodes Features • Typical Photosensitive Diameter (D): Bare Die TO Package 0.25 to 5.0 mm (0.25 and 0.5 mm most common) • Typical Operating Wavelength (): 850 to 1550 nm • Device Type: PIN, UTC, APD or SPAD • Sample Format: Bare die, mounted on carrier or mounted in TO packag
Slide 17: High-Speed InGaAs Photodiodes
High-Speed InGaAs Photodiodes Features Bandwidth-Efficiency Design Engineering • Typical Data Rates: 1 to 100G • Typical Operating Wavelength (): 850 to 1550 nm • Device Type: PIN, UTC, APD • Sample Format: Bare die, mounted on carrier, array format, wafer-scale integrated • Target Architecture: MM
Slide 18: SWIR InGaAs Photodiode Arrays
SWIR InGaAs Photodiode Arrays Features Evaluation Board Focal Plane Array Assembly • Low dark current photodiodes arrays manufactured with large-diameter substrate platform • Pixel and array size customizable • Typical array sizes: 128X32, 256X128, 640X512 • Delivered as PDA chips or with ROICs • FP
Slide 19: Quantum Dot Lasers
Quantum Dot Lasers Features MOCVD Quantum Dots SiPh Integration • Typical Operating Wavelength (): O-band (1260 to 1360 nm) • Device Format: Fabry-Perot laser, SOA, RSOA, DFB laser • Sample Format: Bare die, mounted on carrier, integrated with SiPh • Target Architecture: SMF, WDM, CPO Fabricated Qu
Slide 20: Quantum Photonics
Quantum Photonics Features 200/300 mm Capable Platform • AlGaAs-on-Insulator wafers (100 to 300 mm) • Strongly nonlinear optical material • Low optical loss (<1.5 dB/cm) • Integration with Fabricated Waveguides and Ring Resonators Resonator Performance Applications • Quantum Photonics • Entangled Ph
Slide 21: Facilities & Capabilities
Facilities & Capabilities Capital-light, large-volume manufacturing © Aeluma, Inc. All Rights Reserved.
Slide 22: Aeluma's Cost-Effective and Scalable Manufacturing
Aeluma’s Cost-Effective and Scalable Manufacturing Transitioning to Commercialization 12-inch wafer capability Rapid prototyping and small- Partners for medium- and large- volume manufacturing volume manufacturing Combining rapid prototyping capabilities and volume manufacturing partners, Aeluma is
Slide 23: Aeluma's Headquarters
Aeluma’s Headquarters Ideal Ecosystem for Development and Commercialization © Aeluma, Inc. All Rights Reserved.
Slide 24: Aeluma's Headquarters: Capabilities
Aeluma’s Headquarters: Capabilities Ideal Ecosystem for Development and Commercialization Headquarters with R&D and manufacturing capabilities Executive office and meeting [9,000 sq. ft.] space [2,400 sq. ft.] 300mm MOCVD capability 300mm Test and Validation © Aeluma, Inc. All Rights Reserved.
Slide 25: ir@aeluma.com www.aeluma.com
ir@aeluma.com | www.aeluma.com © Aeluma, Inc. All Rights Reserved.