Parallel Systems is developing what it describes as the world’s first autonomous freight train system, as the broader logistics industry increasingly shifts toward automated and autonomous transportation technologies.
The Los Angeles-based company has raised approximately $100 million to date and is currently conducting commercial testing of its autonomous rail vehicles in Georgia in partnership with Genesee & Wyoming under oversight from the Federal Railroad Administration.
Founded in 2020 by former SpaceX engineer Matt Soule, the company is attempting to modernize freight rail using electric, autonomous, software-controlled rail vehicles designed to operate without traditional locomotives or onboard engineers. [Read more…] about Parallel Systems raises $100 million to bring autonomous freight trains into mainstream logistics









