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Stock impact report

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

Heramba Electric plc - Ordinary Shares (PITA) 
Company Research Source: GlobeNewswire
100% battery-powered light train DRAISY is intended to give new impulse to rural railway lines KIEPE provides the traction package for DRAISY with the Kiepe Traction Inverter (KTI) including the electric motors 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. Ulrich Lauel, Global Head Rail Systems at KIEPE, said, "The DRAISY project fits in with KIEPE's mission, because we want to create an emission-free future with innovative Show less Read more
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