Parallel Systems
Los Angeles
About Parallel Systems
Parallel Systems designs an autonomous, zero-emissions freight transportation system. The company believes the future of freight transportation should be fast, inexpensive, and clean while also reducing congestion on the highways. Parallel Systems develops automated, battery-electric freight rail vehicles aimed at converting freight transportation from trucking to rail. The company focuses on building innovative rail vehicles and integration tools that work seamlessly with existing railroad operations. By utilizing its technology, Parallel Systems enables railroads to serve new markets, particularly for routes less than 1,000 miles. This solution provides a more flexible, zero-emissions alternative for freight movement, complementing traditional freight rail services while expanding operational capabilities and reducing environmental impact.
Company Facts
- Operating status: Active
- Company type: For Profit
- IPO status: Private
- Employees: 11 – 50
- Estimated revenue: $1K – $10K
- Total funding: $91.3M
- Funding stage: Early Stage Venture
- Last round: Series B (Apr 2025)
- Website: moveparallel.com
Industries & Categories
Autonomous Vehicles, Freight Service, GreenTech, Transportation
Social Profiles
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