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, gaining required certifications, the closing of the transaction with HKG, UQM’s ability to successfully gain access to the Chinese electric vehicle market, new product developments, future orders to be received from our customers, sales of products from inventory, future financial results, liquidity 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-K and Forms 10-Q, which are available through our website at www.uqm.com or at www.sec.gov.

2

Overview

1. About UQM

2. The market

3. Market strategy

4. Financials

About UQM

• Design and manufacture propulsion systems for electric vehicles

• Founded in 1967

• Based in Longmont, Colorado

• Transportation + Tech crossover:

• Strategically located between Silicon Valley and Detroit

• Experience in auto, commercial vehicle, high tech

• Extensive industry knowledge

• Strong management experience:

About UQM

5

About UQM • 130,000 sq. ft. headquarters,

engineering and manufacturing

• High capacity to support OEM requirements

• Certifications:

• ISO 9001

• ISO 14001

• TS 16949

6

50 Years of UQM Experience

1967 to present

8

The Market

Market Drivers

10

Commercial Vehicle Cost of ownership: 4 MPG vs. 21 MPGe 425% Improvement

Maintenance Costs: $1/mile vs. $.06/mile 94% Improvement

2010 2015 2020 2025 2030

$1000

800

600

400

200

600

400

200

Yearly dem

and

for EV

battery p

ow

er Co

st f

or

lith

ium

-io

n b

atte

ry p

acks

Actual

Actual

Estimates

Estimated range

85% Reduction in Battery Costs

gigawatt hrs

Lifetime Fuel Costs:

78% Improvement

Emissions: 94% Improvement

0 CHG CO2

CH4 NOX HC PM BC

Strong EV growth will be driven by market demand

Source: Company data, FactSet, Morgan Stanley Research

xEV

Sal

es (

mm

un

its)

Global EV Sales Growth

2011 ‘12 ‘13 ‘14 ‘15 ‘16 ‘17 ‘18 ‘19 ‘20 ‘21 ‘22 ‘23 ‘24 ‘25

20

15

10

5

0

U.S.

W. Europe

China

Japan

ROW

620% unit growth

11

Annual Mid & Heavy Duty Electric Drive Sales by Region World Markets: 2014-2023

The Market

12

$65 billion E-drive market through 2025

620% EV sales growth through 2025

85% lower battery cost 2010-2025

Market Strategy

Turnkey System Solutions

Global Expansion

Technology-Enabled Cost Advantages

Motor + Inverter + Control Software

UQM Turnkey System Solutions

14

Motor + Inverter + Control Software + Transmission

Global Expansion

15

HQ Manufacturing

Regional HQ*

Regional Manufacturing*

Sales & Service

* Proposed

Strategic Business Areas

17

Propulsion Systems

Auxiliary Products

Services

PowerPhase® Systems Automotive

& Light Truck

Passenger cars Vans and light trucks

Vehicle weight up to 3,000 KG

6-8 Meter Bus & Medium-Duty Truck

Light- to medium-duty bus and truck fleets

Vehicle weight up to 7,000 KG

10-12 Meter Bus & Heavy-Duty Truck

Large buses Heavy-duty work trucks

Vehicle weight up to 18,000 KG

PowerPhase® Pro PowerPhase® Heavy Duty PowerPhase®DT

Full electric Plug-in hybrid HEV Extended range Parallel hybrid Series hybrid Fuel cell

PowerPhase® Pro

PowerPhase®Pro 100 PowerPhase®Pro 135

PowerPhase® Pro

Passenger Cars Vans and Light Trucks Extended range Weight Up to 3,000 KG

• 300 Nm Peak Torque

• 100 kW Peak Power

• 60 kW Continuous Power

• 270 to 425 VDC

• 8000 RPM Top Speed

• 320 Nm Peak Torque

• 135 kW Peak Power

• 80 kW Continuous Power

• 270 to 550 VDC

• 10,000 RPM Top Speed

Leading Edge Features and Performance. Higher Efficiency Across Brad Range of Operating Conditions.

PowerPhase® HD

PowerPhase®HD 220 PowerPhase®HD 950T

• 700 Nm Peak Torque

• 220 kW Peak Power

• 120 kW Continuous

• 250 to 440 VDC

• 6000 RPM Top Speed

• 950 Nm Peak Torque

• 145 kW Peak Power

• 100 kW Continuous Power

• 250 to 440 VDC

• 4,500 RPM Top Speed

PowerPhase® Heavy Duty

Full Featured Digital Signal Processor. Heavy Duty Truck And Bus. On-Road and Off-Road Applications

PowerPhase®HD 250

• 900 Nm Peak Torque

• 250 kW Peak Power

• 150 kW Continuous Power

• 450 to 750 VDC

• 5,500 RPM Top Speed

Performance Graph (Pro®)

21

Services

PowerPhase®Pro 135

• High Efficiency (95%+)

• Actual Test Data

• Based on Complete System

Performance Graph (HD®)

22

Services

PowerPhase® HD 250

• High Efficiency (95%+)

• Actual Test Data

• Based on Complete System

PowerPhase®DT Drivetrain vs. Direct Drive

• Up to 15% more efficient

• Improved drivability

• Smooth acceleration curve

• 2M+ miles in the field

• Lighter weight

• Compact electric drive

23

PowerPhase®DT Drivetrain

Full electric 10-12 M Transit Bus HD Cargo Trucks Work Trucks Steep Grades Extreme Duty Cycles

Industry Leading Partnership

•Total Drive Solution for Commercial Vehicles •Tier 1 Supplier Alliance •Production Ready 2017

•Vehicle Weights Up to 18,000 KG

•2-Speed Auto Transmission with UQM PowerPhase®HD Products

•Ratios: Gear 1 | 3.53:1 Gear 2 | 1:1

•Peak Torque | 3,050 Nm

•Continuous Torque |1,420 Nm HD(+)

•Peak Power | 250 kW

•Rated Power |150 kW – 180 kW HD(+)

System Weight Material

Cost Dimensions Specific Torque

Continuous Torque Max rpm Peak

Power Cont. Power Speeds

Direct Drive PM Motor 380 kg $$$$$$ 572x590x668 9.2 Nm/kg 1,500 Nm 2,500 250kW 150kW 1

PM Motor with

Transmission

177 kg=

85 motor + 92 trans

$$$ =

$$ + $

390x496x968 17.8 Nm/kg 1,550 Nm 5,500 250kW >150kW 2

UQM Solution vs. Direct Drive

25

> Overall Efficiency

>2X Wheel Speed or Torque

Less Weight = Less Material = Less Cost

Direct Drive Competition

496

590

390

572

Direct Drive Competition

Technology-Enabled Cost Advantages

26

Competition UQM Motor Weight Savings

Best-in-class power density. Less material. Less cost.

Magnets 55%

Iron 40%

Copper Winding 48%

UQM PP250 Motor

kW/kg

kW/l

iter

Power Density

0

2

4

6

8

10

0 0.5 1 1.5 2 2.5 3 3.5

A

B

UQM

Financials

Financials

28

15 Worldwide

Patents

$40M U.S. DOE

Endorsement

$100M E-drive Tech Investment

• Revenue growth opportunities with existing supply agreements

• Revenue growth opportunities with entrance into Asia and trial programs with full electric drivetrains

• Strong contribution margins > 50%

• No debt

• Significant operating leverage • Low fixed cost basis

• Clear path to profitability

• Pending major investment for growth capital

Summary

About UQM • Transportation meets tech. Experienced. Diverse customers.

The market • $65 billion. Infrastructure-ready. Environmental, cost and technical drivers.

Market strategy • Turnkey solutions. Global expansion. Technologically superior systems.

Financials • Positioned for revenue growth. Debt-free.

Contact Information: Sales +1.303.682.4910 sales@uqm.com