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

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