Parallel Systems has raised $100 million in Series C funding to scale production and commercialization of its ...

New capital will accelerate production of the company's next generation Panther rail vehicle and fuel commercial expansion ...

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 ...

The business of moving goods in the United States is dominated by trucks, which handle about two-thirds of the 20.2 billion tons of freight that's transported annually. Parallel Systems founder and ...

LOS ANGELES, April 14, 2025 /PRNewswire/ -- Parallel Systems, the world's first autonomous battery-electric rail system, will launch its first commercial pilot in April after securing approval from ...

Parallel Systems, Inc. announced that it has received $100 million in a round of funding led by new investor, Atlantic Vantage Point Capital SAS on October 7, 2026. The transaction also included ...

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 ...