Parallel's rail cars do not need a locomotive — they are individually powered. Parallel Systems, an electric rail vehicle maker founded by three SpaceX veterans, picked up nearly $50 million in Series ...
Following Federal Railroad Administration (FRA) approval in April and launch of Phase 1 in June, Parallel Systems, in partnership with Genesee & Wyoming (G&W), has transitioned to Phase 2 of its first ...
Los Angeles, Calif.-based Parallel Systems on Sept. 12 introduced its second-generation autonomous battery-electric freight car, which it plans to pilot test on existing U.S. and international rail ...
Matt Soule, the co-founder and CEO of Parallel Systems, worked at SpaceX for 13 years and left in July 2019. Moving freight by rail takes far less energy than moving the same freight by long haul ...
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