Parallel Systems (Series B)
Funding Details
- Awarder
- Inbox
- Date Award
- May 17, 2025
- Vertical
- Transportation
- Funding URL
- View Funding Page
- Funding Amount:
- $38,000,000
Company Info
- Traction
- The company is set to launch its first commercial pilot in April after securing regulatory approval.
- Company Description
- Parallel Systems is the world's first autonomous battery-electric rail system, aiming to revolutionize rail transportation with its innovative technology.
- Market
- Rail Systems
- Location
- Los Angeles, California, USA
- Coinvestors
- Anthos Capital, Collaborative Fund, Congruent Ventures, Riot Ventures