Heramba Electric's Kiepe Electric Subsidiary to Supply Traction Inverters for LOHR & SNCF's DRAISY Project Providing Revolutionary Very Light Train for the Region

DÜSSELDORF, Germany and ATLANTA, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Heramba Electric plc (NASDAQ: PITA), a global technology company focused on decarbonizing public and commercial transportation, announced that its wholly owned subsidiary, Kiepe Electric, is contributing to a new regional public transit initiative. The project, known as DRAISY, is a very light, powerful railbus developed by French railway operator SNCF and transport system manufacturer LOHR. Kiepe Electric will supply the highly efficient, energy-saving traction system, which includes the Kiepe Traction Inverter (KTI) and electric motors.