10:32 AM EDT, 08/27/2024 (MT Newswires) -- Heramba Electric ( PITA ) said Tuesday its Kiepe Electric unit signed a $26 million battery upgrade agreement with King County Metro in Seattle to provide the in-motion charging technology for electric trolley buses.

Deliveries under the three-year deal are expected later this year, the company said.

Kiepe will also offer on-site service support for up to five years, beginning this year, Heramba said.

The company's shares were down 2.1% in recent trading.

Price: 2.31, Change: -0.05, Percent Change: -2.12