Forza X1 : Investor Presentation

Future

Electric Boating

FRZA | Nasdaq Listed

F O R W A R D - L O O K I N G S T A T E M E N T S

This presentation contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934 or the Exchange Act. All statements other than statements of historical facts contained in this presentation, including statements regarding our strategy, future operations, future financial position, future revenue, prospects, plans, objectives of management and expected market growth are forward looking statements. These statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the "forward looking statements."

The words "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," and similar expressions are intended to identify forward looking statements, although not all forward-looking statements contain these identifying words. These "forward looking statements" are only predictions, and we may not actually achieve the plans, intentions or expectations disclosed in our "forward looking statements," so you should not place undue reliance on our "forward looking statements." Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements we make. We have based these "forward looking statements" largely on our current expectations and projections about future events and trends that we believe may affect our business, financial condition and operating results. These and other risks and uncertainties are described more fully in the section titled "Risk Factors" of our Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and our Quarterly Reports on Form 10-Q which have been filed with the Securities and Exchange Commission ("SEC"). "Forward looking statements" contained in this presentation are made as of this date, and we undertake no duty to update such information except as required under applicable law. You may access these documents for free by visiting EDGAR on the SEC website at http://www.sec.gov.

The "forward looking statements" included in this presentation represent our views as of the date of this presentation. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these "forward looking statements" at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these "forward looking statements" as representing our views as of any date subsequent to the date of this presentation.

This presentation contains estimates made, and other statistical data published, by independent parties and by us relating to market size and growth and other data about our industry. We obtained the industry and market data in this presentation from our own research as well as from industry and general publications, surveys and studies conducted by third parties. This data involves a number of assumptions and limitations and contains projections and estimates of the future performance of the industry in which we operate that are subject to a high degree of uncertainty. We caution you not to give undue weight to such projections, assumptions and estimates.

F O R Z A X 1 I N N O V A T I O N

• Forza X1 is designing, building, and manufacturing the next generation of electric boats. Our mission is to produce a stylish, affordable, fully-electric recreational vessel with mass appeal, that will provide the same performance, speed, and comfort as a gas-powered watercraft.
• The Forza X1 team includes some of the best and brightest minds in the business. With more than 50 years of boat-building experience, our talented engineers also have backgrounds in thruster technology for SpaceX and electric submarine design for Lockheed Martin. The team is currently creating and developing technology set to revolutionize the marine electrification industry.
• There are four electric models currently being prototyped and in advanced stages of research and development. The company has also broken ground on a 60,000-square- foot facility in North Carolina, dedicated to the exclusive production of this new line of electric boats.
• Forza X1 is also proud to have partnered with technology giant Garmin. Each Forza X1 electric boat will include a large onboard electronic display with a state-of-the-art battery management system, geo-positioning, autopilot, breadcrumbs, and a Telematics portal and smartphone application that will enable owners to perform software updates without having to bring their boat to a dealer.
• Forza X1 is a publicly-traded company that trades on the Nasdaq market under the symbol FRZA. We are committed to building the best electric boat available for our shareholders, employees, the environment, and most importantly, our customers.

F O R Z A M O D E L S

H U L L E L E C T R I F I C A T I O N S T Y P E S A N D U N I Q U E L I G H T W E I G H T L A M I N A T E S

Electric Center Console Monohull

FX1 Dual Console

Electric Deck Boat

Electric Dual Console Monohull

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F O R Z A E N G I N E E R I N G

D E V E L O P M E N T

Build and Implement

Aggressive Patent

Protection Plan

Understanding

Competition through

Research and

Reaching Out

Harvest

Ideas/Knowledge

Continuosuly

Build on People with

Agile Methodologies

Powertrain

Motor drive train efficiency

Lower Unit Advances

Closed Loop Cooling

F O C U S A R E A S

Innovation

Strategy

Hull	Telematics
Hydrodynamics		Key Partnership with Osmosis
Analysis
	Leveraging Data to Improve
Lightweighting
	Performance
Materials

Hydrofoil	User Interface	Safety
Development

Key Partnership with Garmin	High Voltage Monitoring
Patent Pending Safety Circuit
Touchscreen Controls
ABYC / NMMA Standard
Range Optimization, Rapid
Development
Charging, Motor Auto Adjust all
under development

Owner Experience

Patent Pending Auto

Trailering

Auto Navigation

360 Degree POD

Steering

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