CompaniesEnergy and powerUpdated Oct 12, 2026
Parallel Systems
Private. Parallel develops autonomous, battery-electric rail vehicles to convert freight from truck to rail.
- Last round
- $100M Series C
- Backed by
- AVP
- Launched
- 2020
- People
- 2
Overview
Updated Oct 12, 2026
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Funding
How much has Parallel Systems raised?
Rounds and backers, each sourced.
Rounds
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People
Who founded and leads Parallel Systems?
Names and titles only, each sourced.
Sources
Every claim on this page traces to one of these. The numbers match the citations above.
- 1Former SpaceX engineers bring autonomous, electric rail vehicle startup out of stealth opens in a new tabFunding · accessed Oct 12, 2026
- 2Parallel Systems is building autonomous electric rail for short-distance freight opens in a new tabHeadquarters, Funding · accessed Oct 12, 2026
- 3Parallel Systems — Newsroom opens in a new tabFunding · accessed Oct 12, 2026
- 4Parallel — Powering autonomous rail opens in a new tabWebsite · accessed Oct 12, 2026
- 5Parallel Systems Closes $100M+ in New Funding to Fully Commercialize Autonomous Freight Rail System opens in a new tabFounded, Sector, Stage, Total raised, Funding, People · accessed Oct 12, 2026