Parallel Systems (Parallel or The Company), the world's leading battery-electric autonomous freight rail company, has closed its Series C funding round with $100 million in new capital. New investors ...

Parallel Systems has raised $100 million in Series C funding to scale production and commercialization of its ...

Parallel Systems, which is the world’s first autonomous battery-electric rail system, will launch the first commercial pilot in April after securing approval from the Federal Railroad Administration ...

Parallel Systems, Inc. announced that it has received $100 million in a round of funding led by new investor, Atlantic Vantage Point Capital SAS on October 7, 2026. The transaction also included ...

LOS ANGELES, April 14, 2025 /PRNewswire/ -- Parallel Systems, the world's first autonomous battery-electric rail system, will launch its first commercial pilot in April after securing approval from ...

Parallel Systems, founded by former SpaceX engineers, has secured $100 million to develop autonomous rail vehicles aimed at ...

Parallel Systems and Agility have partnered to commercialise and deploy autonomous battery-electric freight rail tech across ...

Second generation Parallel Systems autonomous-electric rail vehicle. Vehicle is designed to carry cargo containers that might otherwise by transported by trucks or traditional freight trains. No ...