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Parallel Systems

https://moveparallel.com/
Last activity: 16.04.2025
Active
Categories: AutonomousBuildingFashionFreightInfrastructureTechnologyTransportationTravel
Autonomous Zero-Emissions Freight Transportation.
Website visits
17.6K /mo.
Mentions
15
Location: United States, California, Los Angeles
Employees: 1-10
Total raised: $88M

Investors 3

Funding Rounds 2

DateSeriesAmountInvestors
14.04.2025Series B$38M-
19.01.2022Series A$50M-

Mentions in press and media 15

DateTitleDescription
16.04.2025Parallel Systems Powers Up with $38 Million Series B FundingIn the world of transportation, innovation is the engine that drives progress. Parallel Systems, a trailblazer in autonomous battery-electric rail technology, has just shifted into high gear. The Los Angeles-based company has secured $38 mi...
14.04.2025Parallel Systems Raises $38M in Series B FundingParallel Systems, a Los Angeles, CA-based provider of an autonomous battery-electric rail system, raised $38M in Series B funding. The round was led by Anthos Capital, joined by Collaborative Fund, as well as Congruent Ventures, Riot Ventur...
14.04.2025Parallel Systems: $38 Million (Series B) Closed For Autonomous Battery-Electric Rail SystemParallel 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 (FRA) to deploy its railcars along a 160-...
24.05.2023Full-Stack Startups in American DynamismThe full-stack startup, as previously written about by our partner Chris Dixon, is an approach taken by some startups to bypass incumbents by building a complete, end-to-end product or service. This approach is in contrast to the traditiona...
14.02.2022Parallel Systems Gets US Energy Dept. Funding to Test Its Autonomous Electric Freight CarsParallel Systems—the startup founded by former SpaceX engineers to develop autonomous, electric rail cars for the freight industry—has received a $4.4 million research grant from the U.S. Department of Energy (DOE) to fund advanced testing ...
24.01.2022Parallel Systems Raises $50 Million in Series AParallel Systems, an electric rail vehicle maker founded by three SpaceX veterans, picked up nearly $50 million in Series A funding last week. The investment, led by Anthos Capital in Santa Monica with contributions from Congruent Ventures,...
22.01.2022Ex SpaceX colleagues join forces to build autonomous electric rail cars, which aim to boost efficiencyFreight train hauls shipping containers. jopstock/Getty Former SpaceX engineers are building self-driving, electric freight train cars, CNBC reported. The LA-based startup, Parallel Systems, raised $50 million (R755 million) in a Series A f...
22.01.2022Former SpaceX colleagues join forces to build autonomous freight train cars, which aim to boost efficiency and ease supply-chain pressuresFormer SpaceX engineers are building self-driving, electric freight train cars, CNBC reported. The LA-based startup, Parallel Systems, raised $50 million in a Series A funding round. Advertisement Three former SpaceX engineers are teaming u...
20.01.2022Стартап Parallel Systems предложил разработку автономных грузовых вагонов на электричествеСтартап Parallel Systems, основанный бывшим инженером SpaceX, представил прототип автономных грузовых вагонов на электрической энергии. Разработчики стремятся повысить эффективность системы железнодорожных перевозок и снизить количество выб...
19.01.2022 Parallel Systems Picks Up $49.55M For Autonomous Trains Culver City-based Parallel Systems, a startup developing autonomous train and transportation technology, said today that it has raised $49.55M in a Series A funding round. The funding was led by Anthos Capital, and also included Congruent V...
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