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Parallel Systems

Automotive & Mobility
Parallel Systems is pioneering the development of the world's first autonomous battery-electric rail system. The company is set to launch its initial commercial pilot, having received approval from the Federal Railroad Administration to operate its innovative railcars along a 160-mile stretch of railroads in Georgia. This advancement marks a significant step toward the commercialization of sustainable and autonomous rail transport solutions.

Leadership & Board

Currently, no data available

Latest Estimated Valuation

Estimated Valuation―
Estimated Valuation―
Total Amount Raised$38M
Total Amount Raised$38M
Total Funding Rounds1
Total Funding Rounds1
Latest Funding Amount$38M
Latest Funding Amount$38M
Latest Funding RoundSeries B
Latest Funding RoundSeries B
Post-Money Valuation―
Post-Money Valuation―

Funding Round

Funding Date
Funding Round
Amount Raised
Post-Money Valuation
Apr 14, 2025
Series B
$38.00M
―

Investors

Investor Name
Funding Round
Anthos Capital
Series B
Collaborative Fund
Series B
Congruent Ventures
Series B
Riot Ventures
Series B

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