When was UQM Technologies founded?

UQM Technologies was founded in 1967 and raised its 1st funding round 30 years after it was founded.

Where is UQM Technologies located?

UQM Technologies is headquartered in Longmont, United States. It is registered at Longmont, Colorado.

Who is the current CEO of UQM Technologies?

Eric Ridenour of UQM Technologies.

Which legal entities is UQM Technologies associated with?

UQM Technologies is associated with Danfoss A/s and 1 other.

How many employees does UQM Technologies have?

As of Dec 31, 2019, UQM Technologies has 66 employees, reflecting a 4% year-over-year growth in headcount.

Is UQM Technologies a funded company?

UQM Technologies is a funded company, having raised an undisclosed amount across 10 funding rounds to date. The company's 1st funding round was a $***** Post IPO round, raised on Mar 1997.

When was the latest funding round of UQM Technologies?

UQM Technologies' latest funding was a $***** Post IPO round on Sep 25, 2017, with participation from 1 investor.

Where does UQM Technologies rank among its competitors?

UQM Technologies ranks 123rd amongst 5991 active competitors, of which 49 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Cummins, which secured $2.1M in Sep, 2025.

Who are the top competitors of UQM Technologies?

UQM Technologies' top competitors include Cummins, Motherson Group and Uno Minda. Among them, Cummins secured the most recent funding round in September, 2025.

UQM Technologies - 2026 Company Profile, Team, Funding & Competitors

UQM Technologies is an acquired company based in Longmont (United States), founded in 1967. It operates as an Electric and hybrid drivetrain systems for heavy-duty vehicles and machines. UQM Technologies has raised an undisclosed amount in funding. The company has 5991 active competitors, including 49 funded and 679 that have exited. Its top competitors include companies like Cummins, Motherson Group and Uno Minda.

Company Details

Electric and hybrid drivetrain systems for heavy-duty vehicles and machines. The company is revolutionizing transportation with sophisticated electric and hybrid powertrain systems for commercial vehicles and machines across land and sea. They deliver fully-electric and hybrid systems that lower fuel consumption, reduce emissions, and offer design freedom through lightweight, compact hardware. Their expertise spans electric machines and converters, serving off-highway, on-highway, and low-voltage applications. They provide advanced electric drivetrain systems, focusing on efficiency, size reduction, and continuous improvement. The sophisticated software optimizes each component of the electric or hybrid drivetrain, enabling intelligent power distribution. They offer solutions for marine, off-highway, and on-highway industries, driving the electrification revolution towards a carbon-free future.

Website: uqm.com
Registered Address: Longmont, Colorado

Key Metrics

Founded Year

1967

Location

Longmont, United States

Stage

Acquired

Latest Funding Round

Post IPO, Sep 25, 2017, $*****

Investors

DOE & 3 more

Ranked

123^rd among 5991 active competitors

Employee Count

66 as on Dec 31, 2019

Similar Companies

Cummins & 6610 more

Exit Details

Acquired by Danfoss (Jan 21, 2019)

View UQM Technologies' full profile

UQM Technologies is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Danfoss A/s CIN: 20165715 , Denmark, Active	Sep 24, 1961	-	27795 (As on Dec 31, 2020)
UQM TECHNOLOGIES, INC CIN: 840579156 , United States, Active	Dec 26, 999	-	66 (As on Dec 31, 2019)	-

UQM Technologies got acquired by Danfoss on Jan 21, 2019. It was facilitated by Greenhill, Polsinelli, Winston & Strawn and 1 more.

Click here to take a look at UQM Technologies's acquisition in detail

UQM Technologies has raised funding over 10 rounds. Its first funding round was on Mar 1997. Its latest funding round was a Post IPO round on Sep 25, 2017 for $*****. 1 investor participated in its latest round. UQM Technologies has 4 institutional investors.

Here is the list of recent funding rounds of UQM Technologies:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 25, 2017	5780966	Post IPO	9265821	8615185	6889820	9747281
Sep 28, 2012	3410623	Grant (prize money)	3560282	4725651	4367432	OSTI
Sep 29, 2011	9298849	Grant (prize money)	2828840	1706263	9096036	OSTI

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View details of UQM Technologies's funding rounds and investors

UQM Technologies' employee count trend

UQM Technologies has 66 employees as of Dec 19. The total employee count is 3.0% more than what it was in Dec 18. Here is UQM Technologies's employee count trend over the years:

Employee count trend for UQM Technologies

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Top competitors of UQM Technologies include Cummins, Motherson Group and Uno Minda. Here is the list of Top 10 competitors of UQM Technologies, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Cummins 1919, Columbus (United States), Public	Manufacturer of gas-powered construction equipment	-	Centralia Coal Transition Grants, Drona Capital ... & 8 others	74/100
2nd	Motherson Group 1975, Noida (India), Public	Manufactures electrical distribution systems for automobiles	-	Nepean Capital, India Capital Growth & 2 others	72/100
3rd	Uno Minda 1958, Gurugram (India), Public	Manufacturer and supplier of major auto components to OEMs and tier 1 companies	$260M	Motilal Oswal Private Equity, IDBI Bank & 7 others	71/100
4th	Magna 1957, Aurora (Canada), Public	Manufacturer and supplier of automotive components to OEMs	-	St. Paul’s Lutheran Church, BAFA & 5 others	71/100
5th	Valeo 1923, Paris (France), Public	Provider of a global automotive supplier providing a range of products and services to automakers, with a focus on innovation and technology in the field of mobility	-	Bpifrance, Ministry of Economy, Finance and Industrial and Digital Sovereignty ... & 1 others	70/100
6th	CIE Automotive 2002, Bilbao (Spain), Public	Manufacturer and supplier of major auto components to OEMs and tier 1 companies	$16.3M	Kedaara, Ainos Holdings & 18 others	68/100
7th	Faurecia 1997, Nanterre (France), Public	Manufacturer of automotive components and systems	-	NUMA, PSA Group & 3 others	68/100
8th	Schaeffler 1946, Herzogenaurach (Germany), Public	Manufacturer of bearings for the automotive industry	-	Gov.cz, Europa	67/100
9th	American Axle & Manufacturing 1917, Detroit (United States), Acquired	Global automotive supplier delivering driveline, metal forming, and electrification technologies	-	American Securities, Mirae Asset & 2 others	67/100
10th	RSB 1973, Pune (India), Late Stage	Manufacturer of aggregates and systems related to commercial vehicles and passenger cars	$38.1M	IIML & 27 others	67/100
123rd	UQM Technologies 1967, Longmont (United States), Acquired	Electric and hybrid drivetrain systems for heavy-duty vehicles and machines	-	DOE, OSTI & 2 others	44/100