21 January 2022 North America

Autonomous Battery-Electric Rail Vehicles

Former SpaceX Engineers Raise $49.55 Million to Build Autonomous Battery-Electric Rail Vehicles Parallel Systems, a company founded by former SpaceX engineers to reimagine the railroad system, has raised $49.55 million in Series A funds to build autonomous battery-electric rail vehicles that move freight. The round is led by Anthos Capital, and includes investments from Congruent Ventures, Riot Ventures, Embark Ventures, and others. The funds will be used to build a fleet of rail vehicles, ex

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