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Parallel Systems

United States United States · Autonomous freight rail · private
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This company was auto-listed from our component database and has not yet had a full editorial review. The facts below come from supplier and product data; treat as unverified until reviewed.

Summary

Battery-electric autonomous freight rail vehicles (Panther gen-3). FRA-supervised Georgia pilot with Genesee & Wyoming. Founded by SpaceX alumnus Matt Soule.

Key facts

Headquarters
Los Angeles, California
Founded
2020
Role
builder
Category
Logistics
Sector
Autonomous freight rail
Status
private
CEO
Matt Soule
Founders
Matt Soule
Funding
$100M Series C (Oct 2026) led by AVP; total >$200M