$RMO Entered into a long-term supply agreement for lithium-ion battery cells with a Tier 1 battery cell and materials manufacturer. Progressed negotiations to validate supply and secure long-term cell supply commitments with additional potential partners, including for future US sourcing. Surpassed 750,000 miles of Romeo Power modules and battery packs being tested on the road. Advanced evaluation of key suppliers’ capability to achieve run-rate volume and economics. Named Susan Brennan as President and Chief Executive Officer, a veteran of high volume and complex manufacturing and technology businesses in the automotive and energy solutions industries, Added Kerry Shiba as Chief Financial Officer and Treasurer, a highly experienced financial leader in public companies going through rapid growth and change, Generated revenues of $926,000 for the second quarter of 2021 Cash, cash equivalents and investments as of June 30, 2021 of $267.7 million
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