Parallel Systems, the innovative company behind the world’s first autonomous battery-electric rail system, is preparing to launch its first commercial pilot this April. This significant milestone follows recent approval from the Federal Railroad Administration (FRA). Allowing the company to deploy its self-propelled railcars across a 160-mile route on two railroads in Georgia.
Founded with a vision to modernize freight transport, Parallel Systems has developed a new class of autonomous rail vehicles that run on electricity. And is designed to move containers more efficiently and sustainably over existing rail infrastructure. This pilot program marks a crucial step in proving the viability and scalability of the technology in real-world freight operations.
To support this next phase of development, Parallel Systems has closed a $38 million Series B funding round. The round was led by Anthos Capital, with continued support from existing investors including Collaborative Fund, Congruent Ventures, Riot Ventures, and others. This brings the company’s total funding to approximately $100 million to date.
The funding will be used to expand operations, accelerate vehicle production, enhance software capabilities. And scale the pilot across new geographies. The successful rollout of this pilot could position Parallel Systems as a transformative force in the logistics industry. By offering a low-emission, cost-effective alternative to traditional freight transport methods.
As global supply chains demand cleaner and more flexible logistics solutions. Parallel Systems’ autonomous railcars present a compelling model for the future. By combining sustainability with cutting-edge automation, the company aims to shift more freight from trucks to rail. Reducing road congestion, cutting emissions, and improving overall efficiency in goods movement.
