Xceed Imagination
← Back to news
ClimateStartupsTransportationautonomous freightparallel systemsTrainsOct 7, 2026

SpaceX alumni nab $100M to rethink shipping with autonomous freight trains

Parallel Systems raised $100 million to scale production of its autonomous electric rail vehicle, which can shuttle thousands of pounds of freight up to 500 miles.

Parallel Systems raised $100 million to scale production of its autonomous electric rail vehicle, which can shuttle thousands of pounds of freight up to 500 miles.

Source: TechCrunch

Related: systems

Curated by the Xceed team. More news →