Heramba Electric (Project Energy Reimagined Acquisition)

We are a new blank check company. While we may pursue an initial business combination in any industry, sector or geographic region, we intend to focus on targets that enable what we call the “Electric Grid 2.0”. We believe the “Electric Grid 2.0” addresses several mega trends that are creating a long tail of value-creating opportunities within the energy storage value-chain, including: climate change and mandated reduction of global greenhouse gases, or GHG, emissions, with a resulting increase in the share of renewable power generation (and associated grid-stability challenges); electrification of transportation, artificial intelligence, or AI, enabled grid optimization, vehicle-to-grid, or V2G, and vehicle-to-everything, or V2X, technology and smart battery management systems; and second life use of batteries and end of life battery recycling. Our management team comprises experts with proven M&A and capital markets experience, track records as founders and executives in building and scaling cleantech companies, and deep industry expertise throughout the value chain in the smart technology innovation and electric distribution industries that are at the heart of these mega trends.