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 ...

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

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 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, 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 ...

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 ...

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 ...