Parallel

About

Parallel is a California-based startup focused on developing autonomous, battery-electric rail vehicles to modernize freight transportation and reduce emissions in the logistics industry. Founded in 2020 and headquartered in Los Angeles, the company has raised $49.6 million in funding and employs around 25 people. The company's mission is to shift freight from trucks to rail by creating innovative transportation systems that utilize existing rail infrastructure. Parallel's primary offering includes an autonomous rail system capable of hauling intermodal containers up to 500 miles on a single charge. Key features include automatic charging, patented platooning technology for flexible navigation, and advanced fleet management software that allows for efficient routing of freight without human intervention. Their system supports various applications, such as port shuttles and direct-to-customer services, targeting railroads looking to expand their market reach and compete with trucking services.