Parallel Systems
Autonomous, battery-electric rail vehicles for short-haul freight
About
Parallel Systems develops autonomous, battery-electric rail vehicles that let railroads compete with trucks on routes under 500 miles. Its coupler-free vehicles haul intermodal containers up to 500 miles on a charge, travel alone or in self-sorting platoons, and integrate with railroad business and train control systems. Founded in 2020 by former SpaceX avionics engineers including co-founder and CEO Matt Soule, it has Federal Railroad Administration approval to operate near the Port of Savannah in Georgia, where it has been testing on 160 miles of track. In October 2026 it raised a $100M Series C led by AVP with Hillspire, Agility Global, Cobalt Capital, Anthos Capital, Congruent Ventures, Riot Ventures and Collaborative Fund, to scale manufacturing of its third-generation vehicle.
- Website
- moveparallel.com
- Stage
- series-b+
- Founded
- 2020
- Added via
- web
- Ownership
- unclaimed
Where to go
Products
- Parallel Autonomous Rail System — Coupler-free, battery-electric rail vehicles that platoon autonomously · Hardware