Heramba Electric plc
PITAW
NASDAQ Global Market0.01
USD
+0.01
- -
CIK
0001995194
Return %
Stock
S&P500
1Y
8.57
26.53
3Y
-88.62
76.60
5Y
-88.62
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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FRC
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in mil. unless spec.- Address
- Ireland
- CIK
- 0001995194
- Similar Companies
- Not found
- Business
- Heramba Electric plc (Nasdaq: PITA, PITAW) operates as a holding company focused on electrification and decarbonization solutions for public and commercial transportation, primarily through its key subsidiary Kiepe Electric GmbH; the company provides systems and components including power electronics, electric drives, vehicle controls hardware, traction inverters, high power charging platforms, in-motion charging (IMC) solutions for buses, intelligent software for fleet and energy management, cybersecure railway control systems, smarthybrid battery drives, and modernization services for existing rail vehicles such as traction electronics, on-board power systems, LED retrofits, and train control systems. Kiepe Electric specializes in electromobility for buses, light rail vehicles, subways, locomotives, and freight transport, serving public transport operators, vehicle manufacturers (OEMs), municipal utilities, infrastructure companies, logistics firms, mining operations, and marine industry clients with tailored system integrations, components, and complete architectures that support emission-free operations and lifecycle management from development through maintenance and repairs. Founded in 2023 and headquartered in Düsseldorf, Germany, Heramba Electric maintains global operations with Kiepe Electric locations in Germany, Switzerland, Italy, Canada, Austria, Turkey, and Australia, equipping over 5,000 vehicles worldwide for sustainable urban and industrial mobility. In recent developments, Heramba Electric completed a business combination with Project Energy Reimagined Acquisition Corp in July 2024 and acquired Kiepe Electric from Knorr-Bremse, positioning it as a leader in zero-emissions transportation; however, the company faced significant challenges including Nasdaq delisting notices in 2025 for non-compliance with minimum bid price and market value requirements, alongside the insolvency filing of its German subsidiary Heramba GmbH in January 2025 over disputed payments of approximately EUR 25 million to Knorr-Bremse, with insolvency proceedings opened in May 2025, though Kiepe Electric continues business operations unaffected.