Parallel Systems
4 known investors
Parallel manufactures automated, battery-electric rail vehicles to enable railroads to serve shorter routes and lower-density markets traditionally served by trucking. The company targets railroads as customers and focuses on reducing freight transportation costs, pollution, and road congestion.
CleantechHardwareLogistics & Supply Chain
Investors · 4
In the news
- Parallel Systems First Commercial Pilot: Phase 2 Under Way (UPDATED 9/23) - Railway Agerailwayage.com · 2025
- PARALLEL SYSTEMS TO LAUNCH FIRST COMMERCIAL PILOT IN APRIL FOLLOWING FEDERAL RAILROAD ADMINISTRATION APPROVAL AS COMPANY CLOSES $38 MILLION SERIES B FUNDING ROUNDfinance.yahoo.com · 2025
- Parallel Systems Raises $38M in Series B Fundingfinsmes.com · 2025
- Parallel Systems Raises $50 Million in Series A - Los Angeles Business Journallabusinessjournal.com · 2022
- Parallel Systems - 2025 Funding Rounds & List of Investors - Tracxntracxn.com · 2021
- Parallel Systems Raises Series A Funding for Autonomous, Electric Rail Vehicles - Robotics 24/7robotics247.com