Exhibit 99.2

Sensing R e i m agin e d TM The Aeluma Semiconductor Manufacturing Approach High - Performance Semiconductors with Large - Diameter Substrates Aeluma’s breakthrough technology produces high - performance semiconductor chips on large - diameter substrates with mass - market microelectronics manufacturing. Conventional manufacturing uses 3 - inch or 4 - inch substrates. Aeluma can manufacture o n up t o 12 - inch su b st r ates. C o mbini ng hig h - p e rf o rma nce m a te ri als with s c a labl e , c o s t - e ff e ctive manufacturing enables mass markets. Broad Range of Markets and Product Offerings A uto m o ti v e L iDA R I nd us tri a l and Logistics D efen s e & A e rospac e M o b i l e and AR/VR C o m m unic a ti o ns , Quantum and AI Infrare d Sen sors N I R, SWI R , XSW I R ∙ P I N, A P D, S P A D Large - a rea De t ect ors De t ect or Arrays H e t ero g e n ous In t egra t i on Las ers f o r Sil i c on Phot onic s Outcomes cannot be guaranteed. © Aeluma, Inc. All Rights Reserved. www.aeluma.com

Sensing R e i m agin e d TM Automotive LiDAR for Driving Safety and Autonomy Manufacturing for a Mass Market without Sacrificing Performance • LiDAR is necessary for driving safety and autonomy. • Eye - safe LiDAR provides the range and resolution required for highway and other driving conditions. • High cost and limited scale have inhibited broad market adoption. Aeluma’s large - diameter wafer technology can scale without sacrificing performance. Outcomes cannot be guaranteed. Source of car/sensor figure: https:// www.eetimes.com/why - sensor - technology - is - the - key - to - autonomous - vehicles/ LiDAR: Light Detection and Ranging Aeluma combines proven, high - performance InGaAs with scalable manufacturing on large - diameter substrates to overcome the cost - performance tradeoff. Sensors: Camera, Radar and LiDAR Ae l um a C ompe t i t i v e Ad va n t a g e © Aeluma, Inc. All Rights Reserved. www.aeluma.com

About Aeluma Aeluma develops novel optoelectronics for sensing and communication applications . Aeluma has pioneered a technique to manufacture semiconductor chips using high - performance compound semiconductor materials on large - diameter substrates that are commonly used for mass - market microelectronics . The technology has the potential to enhance performance and scale manufacturing, both of which are critical for emerging applications . Aeluma is developing a streamlined business model from its headquarters in Santa Barbara, California that has a state - of - the - art manufacturing cleanroom . Its transformative semiconductor chip technology may impact a variety of markets including automotive LiDAR, mobile, defense & aerospace, AR/VR, AI, quantum, and communication . Aeluma differentiates itself with unique semiconductor manufacturing capability, proprietary technology, the ability to perform rapid prototyping, and a broad set of product offerings . For m or e i n for m at i o n : i nfo@ a e l u m a .c o m © Aeluma, Inc. All Rights Reserved. www.aeluma.com