Project Energy
Reimagined
Trading on Nasdaq as PITA
Overview
Project Energy Reimagined Acquisition Corp. is a blank check company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Project Energy is now Heramba Electric, which is formed by the combination of Heramba Holdings and Project Energy Reimagined Acquisition Corporation. The new company listed on the Nasdaq Stock Exchange on July 30, 2024, with the ticker symbol PITA.
Our Mission
Our mission is two-fold – to benefit our shareholders while enabling sustainable energy solutions for everyone.
Srinath Narayanan, CEO.
We are focused on helping the world accelerate the use of clean energy to reduce greenhouse gas (GHG) emissions and limit global temperature rise. It’s an exciting time to launch Project Energy Reimagined Acquisition Corp., days before the United Nations Climate Change Conference (COP26) takes place in Glasgow, Scotland, where world leaders will meet to accelerate action on climate change and government leaders and investors will collaborate with companies that are leading the global energy transition..
Our Sponsors
The company is sponsored by affiliates of EWI Capital, a growth equity focused firm, and backed with sponsor investments from large institutional investors.
In identifying our target, we will apply the due diligence standards required by our ESG commitment and aspire to combine with a company that brings attractive business fundamentals with, or with the potential for, strong ESG practices consistent with our internal mission.
NOTICE OF EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS
TO BE HELD APRIL 29, 2024
Project Energy Reimagined
Rings the Opening Bell at NASDAQ
Just in time for the New Year, Project Energy Reimagined celebrated its Initial Public Offering (IPO) on December 30 at the Opening Bell on the Nasdaq stock market. Although the in-person celebration was moved from the Nasdaq floor to an all-virtual version in the days leading up to the event, we were happy with the strong showing of supporters who attended the ceremony on the app or watched via livestream.
Project Energy Reimagined began trading its combined Class A ordinary shares and warrants under the Ticker PEGRU on December 20, 2021. Separated Class A ordinary shares and warrants trade on the Nasdaq under the symbols “PEGR” and “PEGRW”.
Photography courtesy of Nasdaq, Inc.
News & Insights
Heramba Electric Signs $26 Million e-Mobility Contract With Seattle, Washington Area
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 -- Heramba Electric plc (NASDAQ: PITA) ("Heramba Electric" or the "Company"), a...
Project Energy Reimagined Acquisition Corp. Announces Business Combination is Anticipated to Close in Early July 2024
Menlo Park, California, June 28, 2024 — Project Energy Reimagined Acquisition Corp. (Nasdaq: PEGR) (“PERAC”) today announced that its proposed business combination (the “Business Combination”) pursuant to the Business Combination Agreement, dated as of October 2, 2023...
Heramba and Project Energy Reimagined Acquisition Corp. Announce Completion of Business Combination
Newly-formed Heramba Electric intends to create a global leader in sustainable urban transportation and accelerate the decarbonization of urban transportation globally MENLO PARK, California and BERLIN, Germany (July 29, 2024) –– Heramba GmbH (“Heramba”), a...
KIEPE ELECTRIC AWARDED MULTI-YEAR CONTRACT BY CHICAGO TRANSIT AUTHORITY
DÜSSELDORF, Germany and ALPHARETTA, Georgia, June 18, 2024 – Kiepe Electric LLC (“Kiepe”) today announced that, through a competitive bidding process, it has been awarded a contract by the Chicago Transit Authority (“CTA”) to modernize traction equipment on 266 CTA...
News & Insights
Heramba Electric Signs $26 Million e-Mobility Contract With Seattle, Washington Area
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 -- Heramba Electric plc (NASDAQ: PITA) ("Heramba Electric" or the "Company"), a...
Heramba and Project Energy Reimagined Acquisition Corp. Announce Completion of Business Combination
Newly-formed Heramba Electric intends to create a global leader in sustainable urban transportation and accelerate the decarbonization of urban transportation globally MENLO PARK, California and BERLIN, Germany (July 29, 2024) –– Heramba GmbH (“Heramba”), a...
Project Energy Reimagined Acquisition Corp. Announces Business Combination is Anticipated to Close in Early July 2024
Menlo Park, California, June 28, 2024 — Project Energy Reimagined Acquisition Corp. (Nasdaq: PEGR) (“PERAC”) today announced that its proposed business combination (the “Business Combination”) pursuant to the Business Combination Agreement, dated as of October 2, 2023...
KIEPE ELECTRIC AWARDED MULTI-YEAR CONTRACT BY CHICAGO TRANSIT AUTHORITY
DÜSSELDORF, Germany and ALPHARETTA, Georgia, June 18, 2024 – Kiepe Electric LLC (“Kiepe”) today announced that, through a competitive bidding process, it has been awarded a contract by the Chicago Transit Authority (“CTA”) to modernize traction equipment on 266 CTA...