Parallel Systems has raised $100 million in Series C funding to scale production and commercialization of its battery-electric autonomous freight rail technology. AVP led the round, with new investors ...

Parallel Systems closed a $100M Series C to scale production of its Panther autonomous rail vehicle and expand abroad. See ...

Parallel Systems (Parallel or The Company), the world's leading battery-electric autonomous freight rail company, has closed its Series C funding round with $100 million in new capital. New investors ...

Second generation Parallel Systems autonomous-electric rail vehicle. Vehicle is designed to carry cargo containers that might otherwise by transported by trucks or traditional freight trains. No ...

Parallel Systems unveiled Tuesday another second-generation, battery-powered autonomous rail vehicle, which is slated for use in pilot projects both in the U.S. and abroad. Through this iteration of ...

A California startup co-founded by three former SpaceX engineers has emerged from stealth with a plan to build autonomous electric vehicles to haul freight by rail, and has raised a sizable pot of ...

USA: Autonomous battery-electric wagon technology company Parallel Systems has raised $100m in new capital. This will support commercialisation and at-scale manufacturing of its third-generation ...

Parallel 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 ...

Parallel Systems is partnering with Genesee & Wyoming Railroad (G&W) to launch the commercial deployment of its railcars. Credit: Parallel Systems. Parallel Systems has announced plans to commence its ...