---

Unique Mobility Enters Joint Venture in Germany

10 May 1999

Unique Mobility Enters Joint Venture to Manufacture Electric and Hybrid-Electric Vehicles in Germany

    FRANKFURT, Germany, May 10 -- Unique Mobility, Inc.
(Amex: UQM) today announced that it has joined privately held EV Global Motors
Company in two environmentally based joint ventures.
    The first of these joint ventures involves the participation by Unique and
EV Global with Energy Conversion Devices , parent of Ovonic
Battery, in a new company to manufacture and sell battery-electric,
hybrid-electric and fuel cell-electric vehicles for world markets.  The new
company, Unique Mobility Europa GmbH, will be headquartered near Leipzig, in
the Free State of Saxony, Germany.
    According to Ray A. Geddes, Unique's Chairman and CEO, Unique Europa's
first product will be an all-new battery-electric minivan using an innovative
composite structure.  The vehicle design was developed in cooperation with
Storz Design of Zell am See, Austria, with engineering support by Design and
Concept Engineering of Bosau, Germany.
    Configured as either a 2-passenger cargo van or a 6-passenger commuter
car, the vehicle will be powered by Ovonic Nickel Metal Hydride (NiMH)
batteries and Unique's integrated permanent magnet traction drive.  European
distribution will be handled by Handelsgruppe K.G. Techno-Einkauf
(Techno-Group) through specially appointed Volkswagen dealers.
    "EV component suppliers, such as Ovonic and Unique, need higher volumes to
warrant automated production," said Geddes, "The Unique Europa joint venture
will not only provide us with a 'captive' customer, but will also give us the
critical mass to lower costs for other customers."
    The second joint venture involves a minority participation by Unique in EV
Global's investment in the environmentally sensitive development of Windemere
Island in the Bahamas.  Windemere Island is one of the few pristine properties
remaining in the Bahamas and is being developed as a world class showcase for
electric transportation and the use of clean energy sources.
     The Windemere project is being sponsored by one of Unique's existing
shareholders, VTZ Versicherungs Treuhand Zurich AG, a Swiss environmental fund
manager.
     EV Global Motors Company (Los Angeles, California) is a private company
formed by Lee Iacocca to develop and market light electric transportation.
EV Global is a shareholder of Unique and Mr. Iacocca is a member of Unique's
board.
     Energy Conversion Devices (Troy, Michigan) has developed the proprietary
Nickel Metal Hydride Battery (NiMH) and, with its joint venture partner,
General Motors, is currently producing NiMH batteries for electric vehicles at
its GM Ovonic facility.
     Unique Mobility, Inc. is a leading developer and manufacturer of power
dense, high efficiency motors, gear assemblies and electronics for the
automotive, aerospace and industrial markets.  The company is headquartered in
Golden, Colorado, with manufacturing facilities in Frederick, Colorado, St.
Charles, Missouri, and Tao Yuan, Taiwan.

    This release may contain forward-looking statements that involve risks and
uncertainties.  These statements may differ materially from actual future
events or results.  Readers are referred to the Risk Factors section of the
Registration Statement on Form S-3 (File No. 333-67313) filed by Unique with
the SEC, which identifies important risk factors that could cause actual
results to differ from those contained in the forward-looking statements,
including Unique's history of operating losses, its ability to obtain
additional financing, competition, the Company's ability to integrate acquired
businesses into existing operations, Unique's ability to protect its
proprietary information, Year 2000 issues and Unique's limited experience in
manufacturing processes and procedures and marketing and distribution.