Parallel Systems
Parallel Systems develops the world's first autonomous battery-electric rail system, offering a safer, more efficient, and sustainable alternative to short-haul trucking. Its system enables railroads to expand into shorter routes, reduces road congestion, lowers shipping costs, and creates high-skilled jobs while decreasing pollution.
Buy Funded Startups lists
Funding Round: Series B
Funding Amount: $38M
Date: 14-Apr-2025
Investors: Anthos Capital, Collaborative Fund, Congruent Ventures, Riot Ventures
Markets: Transportation, Logistics, Technology, Autonomous Vehicles, Freight Service, GreenTech
HQ: Los Angeles, California, United States
Founded: 2020
Website: https://www.moveparallel.com
LinkedIn: https://www.linkedin.com/company/parallelsystems
Crunchbase: https://www.crunchbase.com/organization/parallel-systems-1d43
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