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Parallel Systems raises $50M Series A to build autonomous battery-electric rail cars that move freight

Parallel Systems, a company founded by former SpaceX engineers to reimagine the railroad system, has raised $49.55 million in Series A funds to build autonomous battery-electric rail vehicles that move freight. The round is led by Anthos Capital, and includes investments from Congruent Ventures, Riot Ventures, Embark Ventures, and others..

Former SpaceX colleagues join forces to build autonomous freight train cars, which aim to boost efficiency and ease supply-chain pressures

Freight train hauls shipping containers. jopstock/Getty Former SpaceX engineers are building self-driving, electric freight train cars, CNBC reported.

Former SpaceX engineers bring autonomous, electric rail vehicle startup out of stealth

Former SpaceX engineers bring autonomous, electric rail vehicle startup out of stealth
autoblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autoblog.com Daily Mail and Mail on Sunday newspapers.

Former SpaceX engineers working on efficiency gap with electric & autonomous trains

Matt Soule, a former long-time SpaceX engineer, partnered with his former colleagues at SpaceX on a new startup named, Parallel Systems.

Parallel Testing Autonomous Battery-Electric Freight Cars

Parallel Testing Autonomous Battery-Electric Freight Cars
railwayage.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from railwayage.com Daily Mail and Mail on Sunday newspapers.

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