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Parallel Systems logo

Parallel Systems

Recent Finacing

Series B

Recent Raise

$38M

Parallel Systems builds battery-powered autonomous freight vehicles and attachable systems that integrate with existing train control software to autonomously couple/uncouple cars, enable faster braking, and serve short-distance deliveries.

Founded 2020
California, United States
11-50
Private
moveparallel.com
PitchBook

Highlights

Focus Areas

Autonomous Vehicles
Freight Service
GreenTech
Transportation

Recent Investors

Anthos Capital logo
Riot Ventures logo
Congruent Ventures logo
Collaborative Fund logo
U.S. Department of Energy logo

Financials

$42.4M

Total Raised

2

Funding rounds

5

Investors


Team

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See the team members at Parallel Systems.