Parallel Systems Raises $100 Million for Autonomous Freight Trains
The funding allows Parallel Systems to scale manufacturing of its autonomous rail vehicles and speed up its commercial rollout to recapture short haul freight markets.
• Parallel Systems raised $100 million in a Series C funding round led by AVP.
• The startup builds battery powered autonomous rail vehicles designed to handle short hauls.
• Parallel Systems tested its vehicles on 160 tracks near the Port of Savannah.
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October 7, 2026 21
