Has signed $75 million in year-to-date North American orders, following recent contract win announcement with Chicago Transit Authority

DÜSSELDORF, Germany and ATLANTA, Aug. 27, 2024 /PRNewswire/ -- Heramba Electric plc (NASDAQ:PITA) ("Heramba Electric" or the "Company"), a global technology company focused on decarbonization of public and commercial transportation, announced that its wholly-owned subsidiary Kiepe Electric ("KIEPE") has been awarded a $26 million battery upgrade program by King County Metro in Seattle, Washington for enhanced In Motion Charging (IMC) on its electric trolley buses.

The three-year agreement will ensure enhanced in-motion charging capability for electric trolley buses and provide King County with upgraded battery packs that will deliver approximately three times the capacity of the original energy storage system (ESS). As a result, following deliveries in late-2024, the county will operate a more efficient e-mobility network, reducing carbon emissions and improving public transportation for the region.

KIEPE will also provide on-site service support for up to five years, starting in 2024.