Project Energy Reimagined Acquisition Corp. formerly operated as a special purpose acquisition company, having successfully completed its business combination with Heramba Electric plc on July 29, 2024. Through this merger, the company transitioned into a global leader providing charging and electrification equipment for commercial and civil transit, with its combined securities now trading on Nasdaq under the symbol PITA. The entity was initially formed in 2021 and maintained a base in Redwood City, California.