UQM Technologies, Inc. 2013 COMPANY PRESENTATION

INNOVATIVE SOLUTIONS FOR ELECTRIFYING VEHICLES

Forward-Looking Statements

This presentation contains statements that constitute “forward-looking statements” within the meaning

of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. These

statements appear in a number of places in this presentation and include statements regarding our

plans, beliefs or current expectations; including those plans, beliefs and expectations of our officers

and directors with respect to, among other things, orders to be received under our supply agreement

with CODA Automotive and Proterra, Inc., our ability to successfully develop additional products and

further expand our manufacturing facilities and the continued growth of the electric-powered vehicle

industry. Important Risk Factors that could cause actual results to differ from those contained in the

forward-looking statements are contained in our Form 10-Q filed January 31, 2013, which is available

through our website at www.uqm.com or at www.sec.gov.

Our Vision

To create the world’s leading motor and controller systems for

hybrid and electric vehicles.

Significant Growth Anticipated

EV Sales Targets

Source: International Energy Agency, April 2013

Making World Wide Headlines

China Announces $15B to fund Goal to Reach 5 Million EV/PHEV Output by 2020 EV Update, April 24, 2012

Global Electric Bus Market to Grow at 26% CAGR Until 2018 Peak Research(Navigant), August 22, 2012

Global Electric Vehicle Initiative Seeks to Deploy 20 Million EVs by 2020 Clean Energy Ministerial, April 25, 2012

Obama Plans to Have 1 Million EVs on the Road by 2015 State of the Union Address, January 11, 2011

Germany to Fund $1.4 Billion in EV Research and Development Bloomberg, May 11, 2011

Key Market Drivers

Improved Experience • Fun to drive • Better mileage • Lower operating costs • Quiet operation • Zero tail pipe emission

Political Will

• Country-specific clean vehicle goals

• Investment subsidies • Consumer incentives

Regulatory Push

• US CAFE standards • Global CO2 standards • CA mandates 15.4% of

new cars to be either EV, Plug-in hybrid (PHEV) or Fuel Cells by 2025

EV Market

Growth

UQM’s Strategic Priorities

Penetrate full range of EV markets Develop global customer relationships Advance leading edge technology Strategic capacity growth Cash flow positive and profitability

Phase II

Building the Foundation • R&D

• Pilot programs

Market Penetration • Customers announced

•Initial volume launches

Near-term Acceleration • Select strategic

customers

• Volume ramps

Long-term Growth • Expand global OEM

reach

• Mass market penetration

Our Path to Success

Phase I

Phase III Phase IV

Phase II Phase III Phase IV

• Develop advanced propulsion technology

• Establish globally-recognized brand

• Low volume test production and pilot programs

• $45M DOE Grant

Building the Foundation

Phase I

Phase II Phase I Phase III Phase IV

• Initial volume customers – EVI, Proterra, Boulder EV

• Establish world class manufacturing facility

• Strengthen management team

• Solid balance sheet, liquidity

• Positive gross margins

Market Penetration

COMPLETE

Phase III Phase I Phase II Phase IV

Near-term Acceleration

• Geographic expansion, Europe, China, etc.

• Add high volume customers

• Next-generation products to maintain leadership

• Potential capacity additions

• Profitability

Phase I Phase II Phase III

Long-term Growth

• Active in all EV/Hybrid markets

• Expand global OEM reach

• Strong revenue growth & volume ramps

• Ongoing and improving profitability

Phase IV

Recent Milestones Building Momentum

2010

2009

2011

2012

• $45M Department of Energy Grant

• EVI Trucks/Van Supply Contract • Proterra Electric Bus Contract

• Audi A-1 etron EV Test Fleet Contract • CODA Production Launch

• Audi A-1 etron 2nd Phase Build • Hino Truck/Bus Contract • EVI UPS Contract • Boulder EV Delivery Van Order (FedEx)

2013 • Proterra New Long-Term Contract Complete • EVI New Long-Term Contract Complete • Zenith Motors Shuttle Van Order

UQM PowerPhase® Electric Propulsion System

Delivering the Heart of the EV

Battery Pack On Board Charger

Battery Management System

UQM Motors and Controllers

New Products Innovative Technology

High Power Density

Greater RPM

Range

Higher Performance

High Efficiency

Permanent Magnet

Motor and Controller

Patented Adaptive Software Control

Smaller and Lighter Weight

Consumes Less Energy

Longer Range

SYSTEM GREATER THAN SUM-OF-THE-PARTS

Passenger Vehicles

EV Plug-in

Hybrid HEV Extended

Range

Commercial Vehicles

EV Plug-in

Hybrid EV Extended

Range

New Products High Performance Products

• 100-135 kW peak motor power • 300-340 Nm peak torque • Fully optimized electric drive system

• 150-220 kW peak motor power • 650-950 Nm peak torque • Standard and high voltage variants

UP TO 94% TOTAL SYSTEM EFFICIENCY

Custom Hybrids

Series Parallel Plug-in Fuel Cell

New Products High Performance Products

• Customized solutions from 50-220 kW peak motor power • Fully integrated and optimized electric drive system

UP TO 94% TOTAL SYSTEM EFFICIENCY

Diverse Customer Base

R&D / Demo Test Programs

Production Launch

Trucks, Vans

Passenger Cars

Other

Buses

*Production concluded in late 2012

Production Customers

• Leading designer and manufacturer of transit buses • Deliveries underway to support long-term contract • Announced capacity expansion to 400 buses/year • Completed 500K equivalent mileage municipality testing (Altoona)

• All-electric delivery vans and trucks • Long-term contract deliveries start in 2013 • Building delivery vans for UPS and Frido Lay

• All-electric delivery vans • Began delivery of Dec 2012 Fedex order

• All-electric shuttle vans • Deliveries underway for high volume ramp up • Follow-up orders expected in 2014

Development Customers

• All electric vehicle with range extender • Completed 2 phases of test • Test vehicles on the road

• Subsidiary of Toyota • Japanese manufacturer of diesel trucks, buses and other vehicles

worldwide • All electric city buses deployed in 2 locations in Japan • Expects more buses in service in 2013

• Provides yacht manufacturers and commercial marine operators electric and hybrid solutions

• Supplying systems since 2011

• Japanese manufacturer of trucks, buses and other electric vehicles • Full electric buses in testing

Other Customers

• Aircraft HVAC systems • Acquired Meggit (Addison), Inc. and Keith Products • Over 1,750 motor controller assemblies shipped to date

• Freightliner trucks business class, International Truck & Engine HEV programs

• Began delivery in 2008 • DC to DC converters to power medium duty hybrid trucks

• Denver Regional Transportation District • Hybrid bus fleet • Began refurbish program in early 2013

World Class Manufacturing Facility

CURRENT MANUFACTURING FUTURE EXPANSION

• 130,000 Sq. Ft. facility in Colorado

• Annual capacity - 40,000 units

• Currently ISO 9001 certified

• TS 16949 certification underway

• Additional lines in current building ($1-$3M/line capex)

• 15 acres (already owned) available

• Expected funding from internal cash

Meet the Team

Eric Ridenour, President and CEO • Chief Operating Officer, Chrysler and Board of Management, DaimlerChrysler • Previous roles at Chrysler- EVP of Engineering, VP of Premium Vehicle Team, VP of Product Planning

David Rosenthal • Previously Director, President and Chief Executive Officer, Cyanotech Corporation • Previously Chief Financial Officer of Sanz, Inc. and Hickory Farms

Jon Lutz, VP Engineering • UQM Engineering executive for 19 years (Motors Design, Director of Engineering) • Inventor/co-inventor of several of UQM’s key patents

Adrian Schaffer VP Sales and Business Development • Previously VP, Sales for Linamar (global supplier to vehicle market) • Previously senior sales executive with Motorola focused on the vehicle market

Joe Mitchell, VP Operations • 25+ years experience in automotive sector focused on operations and quality control • 11 years hybrid experience with Continental, Siemens VDO and Ballard

Financial Snapshot

Strong Capital Position

Solid Balance Sheet

Minimal Near Term

Capex

Remaining DOE Grant

$4.5M Cash $16M Work Cap $24.8M Equity

Less than $1M for volume expansion

$24M

Sufficient liquidity to reach

profitability

*Based on FY13 3/31/2013 10K Financial Statements

*

Phase I Phase II

Phase III Phase IV

Building the Foundation • DOE Grants

• Low volume test production

Market Penetration •Establish manufacturing facility

•Current customer launches

•Cost offset by grants

Near-term Acceleration

•Capex driven by new customer demand

•Cost offset by grants

Long-term Growth •Multiple global ramps

•Expand manufacturing capacity

Capex Requirements

Profitability

Potential Accelerated Profitability

The Road to Profitability

Driving to Profitability

Emerging markets with strong growth Leading products Seasoned management team Global customer base Well capitalized

INNOVATIVE SOLUTIONS FOR ELECTRIFYING VEHICLES

UQM Technologies, Inc. 2013 COMPANY PRESENTATION