Company
Parallel Systems
Powering autonomous rail.
Also known as Parallel Systems, Inc.
- Status
- Operatingas of 2026-09-17
- Business model
- B2B
- Headquarters
- Los Angeles, CA, United States
- Customers
- business customers
- Legal name
- Parallel Systems, Inc.
- moveparallel.com (opens in a new tab)
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Record updated 17 September 2026
About
Parallel develops autonomous, battery-electric rail vehicles to convert freight from truck to rail. Our technology enables railroads to serve new markets, decongest highways, and reduce shipping costs and pollution. We provide a safer, more efficient, and sustainable alternative to short-haul trucking, seamlessly integrating with existing rail operations and powering the future of freight.
Funding snapshot
- Total raised
- $192MSum of rounds, as of 2026-09-17Source (opens in a new tab)
- Latest round
- Undisclosed, $100M2026-05-20
Funding rounds
- Round, 2026
- $100M2026-05-20, Company stated
- Series B
- $38M2025-04-15, Company stated
- Grant
- $4.5M2022-02-14, Company stated
- Round, 2022
- $49.5M2022-01-19, Company stated
- Round, 2020
- $3.8M2020-06-22, SEC form D sold, 9 investors
Products
- Hardware
- autonomous, battery-electric rail vehicles
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