Parallel Systems closed a $100M Series C to scale production of its Panther autonomous rail vehicle and expand abroad. See ...

Parallel Systems has raised $100 million in Series C funding to scale production and commercialization of its battery-electric autonomous freight rail technology. AVP led the round, with new investors ...

Parallel Systems (Parallel or The Company), the world's leading battery-electric autonomous freight rail company, has closed its Series C funding round with $100 million in new capital. New investors ...

Parallel Systems, which is the world’s first autonomous battery-electric rail system, will launch the first commercial pilot in April after securing approval from the Federal Railroad Administration ...

Parallel Systems unveiled Tuesday another second-generation, battery-powered autonomous rail vehicle, which is slated for use in pilot projects both in the U.S. and abroad. Through this iteration of ...

Second generation Parallel Systems autonomous-electric rail vehicle. Vehicle is designed to carry cargo containers that might otherwise by transported by trucks or traditional freight trains. No ...

New capital will accelerate production of the company's next generation Panther rail vehicle and fuel commercial expansion including international markets Parallel enables railroads to handle shorter, ...