Founded in 2020, Parallel Systems is the world's first autonomous battery-electric rail system. The company is a U.S. based manufacturer and transportation technology innovator whose mission is to deliver a safer, more efficient and sustainable alternative to short-haul trucking. The company provides significant benefits, including: 1) enables railroads to grow by increasing their role in shorter-route transportation; 2) makes America's busiest roadways safer for motorists by decongesting; 3) reduces the costs of shipping; 4) creates high-skilled, high-wage jobs; 5) reduces pollution.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 04/14/25 | $38,000,000 | Series B |
Anthos Capital Collaborative Fund Congruent Ventures Riot Ventures | undisclosed |
