CLIMATE TRANSITION Price Risk Management: Metals Battery Materials: Redwood Through the direct efforts of our Global Markets Materials Commodities team, Goldman Sachs supports the The transition to EVs will require increased battery auto industry in shifting production toward EVs and recycling capacity as well as a rapid increase in making them economically viable. We develop risk battery materials production capacity in the US and management strategies for key raw materials — or Europe. To meet demand, Redwood Materials is refined metals — and for batteries, which have a recycling batteries, optimizing battery materials, and commodity price that can account for 30% of the designing recycling programs and collaborations with production cost. Our products allow automakers to both Ford and Volvo. Our Asset Management group mitigate price risks through financial and physical invested in Redwood’s Series C equity round in 2021, hedging, and we include solutions to streamline helping to accelerate their development and further sourcing of metals. driving the transition to electric vehicles. Battery Manufacturing: Northvolt Our Asset Management group has co-led the last three equity financing rounds for Northvolt AB, the leading independent sustainable lithium ion battery “The future of fleets is electric. Adding ViriCiti’s cell supplier in Europe, totaling over $1.6 billion of vehicle management capabilities to our fleet investment in the company. Northvolt has been able portfolio … underscores the importance of software to accelerate its plans to expand manufacturing and to EV charging and will ensure operational readiness reach true scale while bringing sustainable batteries at low cost as fleets of all types across North to the automotive and energy storage industries. America and Europe continue to electrify.” Charging Networks: ChargePoint PASQUALE ROMANO President and CEO, ChargePoint We acted as exclusive financial advisor to ChargePoint, a leading EV charging network operating in North America and Europe, during its acquisition of ViriCiti, a provider of electrification for eBus and commercial vehicles. The acquisition accelerates Financing Micro-Mobility ChargePoint’s electrification of fleets and resulted with TIER in the creation of a combined charging-telematics solution designed to ensure operational readiness at Goldman Sachs helped TIER, the European a low cost. micro-mobility leader, raise $60 million to directly deploy e-scooters and its network of battery- charging stations last year. One-third of TIER’s trips replace a car ride1, with the potential to avoid ~14 kilotons of CO2 from entering the atmosphere. TIER’s new scooters also contain several hardware improvements, such as swappable batteries, that improve their energy efficiency and result in reduced emissions per trip. 1—YouGov study; SFMTA (2019): San Francisco Sustainability Report 2021 Municipal Transportation Agency. Powered Scooter Climate Transition | Accelerating Innovation Share Mid-Pilot Evaluation. 2929