Electrifying VehiclesUQM Technologies

This presentation contains statements that constitute “forward-lookingstatements” within the meaning of Section 27A of the Securities Act andSection 21E of the Securities Exchange Act. These statements appear in anumber of places in this presentation and include statements regarding ourplans, beliefs or current expectations; including those plans, beliefs andexpectations of our officers and directors with respect to, among otherthings, orders to be received under our supply agreement with CODAAutomotive, our ability to successfully develop additional products andfurther expand our manufacturing facilities and the continued growth of theelectric-powered vehicle industry. Important Risk Factors that could causeactual results to differ from those contained in the forward-lookingstatements are contained in our Form 10-Q filed January 31, 2012, which isavailable through our website at www.uqm.com or at www.sec.gov .

Electrifying Vehicles

Company Overview

UQM is a developer and manufacturer of power dense, highly efficient permanent magnet motors, generators and controllers for Cars, Commercial Trucks and Buses

We have completed the transformation from low volume R&D to fully validated volume manufacturing

Electrifying Vehicles

Company Overview

UQM has more than 35 years experience in the electrification business.

We are involved in all aspects of electrification for Cars, Trucks, Buses, Boats and Military

We are recognized internationally for our electric propulsions systems

We have production contracts with CODA Automotive, Electric Vehicles International (Trucks and Step Vans) and Proterra Bus.

We are continuing to grow our customer base and product lineup

Electrifying Vehicles

Recent Accomplishments

Upgraded our team with key executives and managers from Tier I automotive suppliers and OEM’s Moved into new 130,000 sq ft headquarters and production building Launched PowerPhase Pro® w/ 40K capacity on October 3, 2011. Launched PowerPhase HD ® in low volume with higher volume decision pending.

Electrifying Vehicles

Recent Accomplishments

Have third party validation of our product, and our company through highly respected customer announcements: 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 have the product, the facilities and the management talent and depth needed to grow

Electrifying Vehicles

Market Forces Driving Vehicle Electrification

Green Economy

High cost of fuel (globally)

Worldwide CO2 and FE Standards

Government Incentives/ Support

Competition

Electrifying VehiclesElectric Propulsion Categories

UQM serves all categories of vehicle electrification Fuel

Cell

Full Electric

Series Hybrid

Parallel Hybrid

Plug In Hybrid

Electrifying 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 Vehicles

Major Production Customers

CODA Automotive– Well-capitalized California start up – over $320M raised – PowerPhase Pro® 100kW (134hp) system – Market launch in Q1 CY2012.– Announced contract with Great Wall for collaboration on

electric vehicle to be sold worldwide starting in CY2014.

Electrifying Vehicles

Major Production Customers

Proterra Bus

- All-electric bus - Completed “Altoona” 500K equivalent mileage testing

required by many municipalities- PowerPhase HD Select® 150 kW (201 hp) systems- Announced capacity expansion to 400 buses/year

Electrifying Vehicles

Major Production Customers

Electric Vehicles International (EVI)

- All electric vehicle

- 100 vehicle UPS order

- Announced new Frito Lay order

- Class 6 walk-in delivery vehicles

- Utilize PowerPhase HD Select® 200 kW motor and controller

Electrifying Vehicles

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

and International Truck & Engine HEV programs

Major Production Customers

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Major Development 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 Vehicles

Major Development 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 Vehicles

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

hybrid electric propulsion systems- Application in yachts, trawlers and larger sailboats- First customers announced.

New Customers

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Military

Joint Light Tactical Vehicle (JLTV) - Potential HMMWV replacement- Supplier to one of the three remaining teams- Entering Engineering, and Manufacturing Development

phase (EMD).

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 competitiveness- DOE funding 50% of productionization expense

Launched new PowerPhase HD® 220 commercial vehicle motor and controller- Significantly better performance- Customer input and preferences solicited- Significantly reduced production costs- High global interest

Electrifying Vehicles

New Products

New PowerPhase Pro® controller - 50% reduction in package space- Reduced weight and cost- Available for programs FY2014

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 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

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$45 Million DOE Stimulus Grant

► DOE reimburses 50% of qualified manufacturing infrastructure and product qualification and testing costs

► Five year program through 2015

► Reduces risk of investing in developing market

IN

FRA

STR

UC

TUR

E

ENG

INEE

RIN

G

0.0

5.0

10.0

Funding by Category(in millions)

$8.8

$7.2

$16.0 Reimbursements

$29.1 Funds Remaining

Data as of December 31, 2011

Electrifying Vehicles

DOE Non Rare Earth Magnet Grant

Work with National Labs to develop improved permanent magnet properties without rare earth elements

UQM will develop proprietary motor architecture to enable this technology.

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

Three year program life started October 1, 2011

Electrifying Vehicles

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

Quarter Ended December 31, Nine Months Ended December 31,2011 2010 2011 2010

Total Revenue $  2.7 2.1 6.4 6.7Gross Profit 0.6 0.5 2.2 1.7Gross Profit % 22 % 21 % 34 % 24 %Operating Expenses (1.4) (1.4) (8.8) (6.9)DOE Reimbursements 0.9 0.5 3.1 3.1*Net Loss (0.8) (0.9) (3.5) (1.8)

*Includes recovery of prior year costs of $1.5 million.

YTD Growth in operating expense primarily due to expansion of product development expenditures which increased $1.9 million.  

Electrifying Vehicles

Cash and Short-Term Investments

(in millions)

5.8

30.1

24.2

15.0

0.0

5.0

10.0

15.0

20.0

25.0

30.0

3/31/09 3/31/10 3/31/11 12/31/11

Accounts Receivable and Inventory

(in millions)

1.0

1.3

1.3

1.7

3.5

2.2

4.0

8.0

0.0

4.0

8.0

12.0

16.0

3/31/09 3/31/10 3/31/11 12/31/11

Capital Expenditures, Net(in millions)

0.6

5.6

3.7

0.60.0

1.0

2.0

3.0

4.0

5.0

6.0

3/31/09 3/31/10 3/31/11 12/31/11

A/R Inventory

Other Financial Data