Electrifying VehiclesElectrifying VehiclesUQM 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, Electric Vehicles International and Proterra, 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 October 27, 2011, which is available through our website at www.uqm.com or at www.sec.gov .

Electrifying VehiclesElectrifying Vehicles

Company Overview

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

FY 2011 Sales: $9.0 millionEmployees: 97Exchange: New York Stock Exchange (NYSE AMEX:UQM)

Electrifying VehiclesElectrifying Vehicles

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, Boats 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

Electrifying VehiclesElectrifying Vehicles

Recent Accomplishments

Electrifying VehiclesElectrifying Vehicles

Recent Accomplishments

Have third party validation of our product, and our company through highly respected customer announcements: Saab, Audi and Rolls Royce EV test programsProduction 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

Electrifying VehiclesElectrifying Vehicles

Market Forces Driving Vehicle Electrification

Green Economy

High cost of fuel (globally)

Worldwide CO2 and FE Standards

Government Incentives/ Support

Competition

Electrifying VehiclesElectrifying VehiclesElectric Propulsion Categories

UQM serves all categories of vehicle electrification Fuel

Cell

Full Electric

Series Hybrid

Parallel Hybrid

Plug In Hybrid

Electrifying VehiclesElectrifying VehiclesUQM 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

Electrifying VehiclesElectrifying Vehicles

Major Customers

CODA Automotive– Well-capitalized California start up – over $300M raised – PowerPhase Pro® 100kW (134hp) system – Market launch in Q1 CY2012.– Announced LOI with Great Wall for future collaboration

Electrifying VehiclesElectrifying Vehicles

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

Electrifying VehiclesElectrifying Vehicles

Major Customers

Electric Vehicles International (EVI)

- All electric vehicle- 100 vehicle UPS order - Class 6 walk-in delivery vehicles- Utilize PowerPhase HD Select® 200 kW motor and

controller

Electrifying VehiclesElectrifying Vehicles

Major Customers

Audi A1 e-tron

- All-electric vehicle with range extender- PowerPhase Select® 125kW (167hp) systems- Significant test fleet program- First test vehicles on the road.

Electrifying VehiclesElectrifying Vehicles

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.

Electrifying VehiclesElectrifying Vehicles

ReGen Nautic- Working with several marine OEM’s to develop marine

hybrid electric propulsion systems- Application in yachts, trawlers and larger sailboats

Major Customers

Electrifying VehiclesElectrifying Vehicles

Eaton– DC-to-DC converters– Used in Freightliner, PACCAR

and International Truck & Engine HEV programs

Major Customers

Electrifying VehiclesElectrifying Vehicles

Military

Joint Light Tactical Vehicle (JLTV) - Potential HMMWV replacement- Supplier to one of the three remaining teams- Appropriations conference committee approved $134M

for EMD phase.

Funded R&D for key technologies

Electrifying VehiclesElectrifying Vehicles

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

Electrifying VehiclesElectrifying Vehicles

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

Electrifying VehiclesElectrifying Vehicles

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

Electrifying VehiclesElectrifying Vehicles

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

Electrifying VehiclesElectrifying Vehicles

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 9/30/2011 of $14.8M

Electric Drive Component Manufacturing Facilities

Applicant DOE Award ($ millions) Project Locations Technology

General Motors Corp. $105 White Marsh, MD

Wixom, MIConstruction 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, MI Producing electric drive transaxle with integrated power electronics.

Remy, Inc. $60.2 locations 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.

$40 Muncie, INHolly, MI

Increasing production capacity of advanced automotive electric drive system components.

Electrifying VehiclesElectrifying Vehicles

DOE Non Rare Earth Magnet Grant

Work with National Labs to develop improved permanent magnet properties without rare earth elements and improved motor thermal management

UQM will develop proprietary motor architecture to enable this technology.

$3M grant to UQM, $4M total program - 75/25 cost share

Three year program life

Commenced October 1, 2011.

Electrifying VehiclesElectrifying VehiclesUQM 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)

Electrifying VehiclesElectrifying VehiclesUQM 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)

Electrifying VehiclesElectrifying Vehicles

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

0.04.08.0

12.016.020.024.028.032.036.040.044.0

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

Electrifying VehiclesElectrifying Vehicles

Funding by Category(in millions)

IN

FRA

STR

UC

TUR

E

ENG

INEE

RIN

G

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