Series B Round
Funding Details
Parallel Systems is developing an autonomous battery-electric rail system designed to enhance the efficiency and sustainability of freight transport. The system aims to reduce reliance on traditional diesel-powered trains, offering a cleaner and more efficient alternative for short-distance freight operations. The company is positioned to revolutionize the freight industry by integrating advanced technology into rail transport, thereby contributing to a more sustainable future. The company plans to launch its first commercial pilot in April 2025 following approval from the Federal Railroad Administration. This innovative approach not only aims to lower operational costs but also significantly reduces carbon emissions associated with freight transport.
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Participating Investors
Anthos Capital partners with innovative consumer and technology companies shaping the future. The firm focuses on early to growth-stage investments ac...
Collaborative Fund is a venture capital firm that invests in startups and entrepreneurs who are focused on building a better future through collaborat...
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