Electrifying Vehicles

UQM Technologies

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, our ability to successfully 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 August

1, 2011, which is available through our website at www.uqm.com or at

www.sec.gov .

Electrifying Vehicles

Company Overview

Location: Longmont, CO (20 miles north of Denver)

FY 2011 Sales: $9.0 million

Employees: 97

Exchange: New York Stock Exchange (NYSE AMEX:UQM)

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Company Overview

� UQM has more than 35 years experience in the electrification

business. As a result it is deep in technical talent with a highly

evolved product lineup

� We are involved in all aspects of electrification for Cars, Trucks,

Buses, and Military

� We are recognized internationally for high performance, energy

efficient electric motors, generators and controllers

� Electrification of vehicles, on a global basis, is real and growing

and UQM is poised to participate in that growth

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Recent Accomplishments

�Transformation to high quality volume manufacturer complete.

�Upgraded team with key manufacturing and engineering executives

�New 130,000 sq ft headquarters and production building

� Installed validated motor and controller production lines with annual capacity of 40,000 systems/year

�Meet Automotive Product Quality Planning (APQP) standards

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Recent Accomplishments

�Have third party validation of our product, and our company through highly respected customer announcements:

�Saab, Audi and Rolls Royce EV test programs

�Production contracts with CODA Automotive, Proterra and EVI

�Aggressive new product development programs identified to ensure we stay on the leading edge

�New China opportunities being examined

We now have the product, the facilities and the

management talent and depth needed to grow

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Market Forces Driving Vehicle Electrification

� Green Economy

� High cost of fuel (globally)

� Worldwide CO2 and FE Standards

� Government Incentives/ Support

� Competition

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Electric Propulsion Categories

UQM serves all categories of vehicle electrification Fuel

Cell

Full

Electric

Series Hybrid

Parallel Hybrid

Plug In Hybrid

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UQM Product Advantages

� Power density– smaller and lighter weight

– permanent magnet motors

� Efficiency

– consume less energy

� Performance– adaptive software control

– greater RPM range

Propulsion System Motor

and Controller

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Major Customers

�CODA Automotive

– Well capitalized startup company based in California

– PowerPhase Pro® 100kW (134hp) System

– Market launch in fourth quarter CY 2011.

– Announced LOI with Great Wall for future collaboration

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Major Customers

�Proterra Bus

- All-composite construction, all-electric bus

- 68 passenger capacity

- PowerPhase HD Select® 150 kW (201 hp) systems

- Recently received $30M capital infusion

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�ReGen Nautic

- Working with several marine OEM’s to develop marine hybrid electric propulsion systems

- Application in yachts, trawlers and larger sailboats

Major Customers

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Major Customers

�Audi A1 e-tron

- All-Electric Vehicle

- PowerPhase Select® 125kW (167hp) systems

- Significant Test Fleet program

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Major Customers

�Saab 9-3 ePower

– All-Electric vehicle

– PowerPhase Pro® 135kW (181hp) systems for test fleet

– First deliveries completed

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Major Customers

�Rolls Royce 102EX

� Test bed to gather data to base future decisions on

alternative drivetrains.

� The 102EX uses two 145kW PowerPhase Select® electric

propulsion systems to deliver the performance required by

Rolls-Royce. Equivalent performance to twin turbo V-12

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�Eaton

– DC-to-DC converters

– Used in Freightliner, PACCAR and International Truck & Engine HEV programs

Major Customers

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Military

� Joint Light Tactical Vehicle (JLTV)

- Potential HMMWV replacement

- Supplier to one of the three remaining teams

- EMD RFQ expected Q1CY12

� Funded R&D for key technologies

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Other Vehicle Programs

� Other programs are in various stages, including vehicles

under test, but cannot be announced due to non-disclosure

agreements

� Programs include hybrids and all electric vehicles

� Active programs for cars, trucks and buses

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New Products

� Significant investments in new products underway to

ensure we stay competitive

- DOE funding 50% of productionization expense

� Developing new PowerPhase HD® 220 commercial vehicle

motor and controller

- Significantly better performance

- Customer input and preferences solicited

- Significantly reduced production costs

- Very high global interest

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New Products

� New PowerPhase Pro® controller in early design stages

- Significantly reduced package space

- Reduced weight and cost

� Next generation PowerPhase Pro® motor and controller

- Higher efficiency across a larger operating range

- Improved package size for both motor and controller

- Lower production cost

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New Regions

� UQM is reviewing options for access to China

- Government investing $15B in latest 5 year plan.

� Determining market potential for UQM

- Truck and Bus markets

- Passenger Car market

� Ensuring IP protected

� Reviewing structural options

- JV or partnerships

- Direct sale, Licensing, etc

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22

$45 Million Stimulus Grant

► 50% DOE cost share on manufacturing infrastructure and certain engineering costs

► Three year program to establish high volume manufacturing capacity (with potential 2 year extension

► Billings thru 6/30/2011 of $13.5M

Electric Drive Component Manufacturing Facilities

ApplicantDOE Award

($ millions)Project Locations Technology

General Motors

Corp.$105

White Marsh, MD

Wixom, MI

Construction of U.S. manufacturing to produce

electric drive system.

Delphi Automotive

Systems, LLC$89.3 Kokomo, IN

Expansion of manufacturing for electric drive

power electronics components.

Allison

Transmission, Inc.$62.8 Indianapolis, IN

Increasing U.S. capacity to manufacture hybrid

systems.

Ford Motor Company $62.7 Sterling Heights, MIProducing electric drive transaxle with

integrated power electronics.

Remy, Inc. $60.2locations in Indiana and

Fargo, ND

Establishing a standardized platform of hybrid-

electric motors and controls.

UQM

Technologies$45.1 Longmont, CO

Expanding propulsion systems into a

volume manufacturing environment.

Magna E-Car

Systems of America,

Inc.

$40Muncie, IN

Holly, MI

Increasing production capacity of advanced

automotive electric drive system components.

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UQM Technologies, Inc.Consolidated Condensed Statement of Operations(in millions of dollars, except per share data)

Quarter Ended September 30, 2011 2010 Revenue: Contract services $ 0.1 - Product Sales 2.2 2.0 2.3 2.0 Operating costs and expenses: Cost of sales 1.3 1.8 Research and development - 0.2 Production engineering 1.6 0.8 Reimbursement under DOE grant (1.1) (2.6) Selling, general and administrative 2.1 2.2 Other, net - - 3.9 2.4 Net loss $ (1.6) (0.4) Net loss per common share $ (.04) (.01)

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UQM Technologies, Inc.Consolidated Condensed Statement of Operations(in millions of dollars, except per share data)

Six Months Ended September 30, 2011 2010 Revenue: Contract services $ 0.2 0.4 Product Sales 3.5 4.2 3.7 4.6 Operating costs and expenses: Cost of sales 2.0 3.4 Research and development - 0.3 Production engineering 3.2 1.7 Reimbursement under DOE grant (2.2) (2.6) Selling, general and administrative 3.3 3.0 Other, net - (0.3) 6.3 5.5 Net loss $ (2.6) (0.9) Net loss per common share $ (.07) (.02)

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Cash and Short-Term Investments

(in millions)

Total Assets(in millions)

5.8

30.1

24.2

19.0

0.0

5.0

10.0

15.0

20.0

25.0

30.0

3/31/09 3/31/10 3/31/11 9/30/11

12.4

42.7 41.838.9

0.0

4.0

8.0

12.0

16.0

20.0

24.0

28.0

32.0

36.0

40.0

44.0

3/31/09 3/31/10 3/31/11 9/30/11

Shareholders Equity(in millions)

9.6

39.0 38.2 36.2

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

3/31/09 3/31/10 3/31/11 9/30/11

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Funding by Category(in millions)

INFRASTRUCTURE

ENGINEERING

0.0

5.0

10.0

$14.8

Reimbursements

$30.3

Funds Remaining

DOE GrantAs of September 30, 2011

(in millions)

� DOE GRANT

$8.6

$6.2