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Parallel Systems

Recent events

Recent events tied to this brand in public sources.

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  1. 2026

    Parallel Systems raises $100 million to scale production of its autonomous electric rail vehicle

    Parallel Systems raised $100 million to scale production of its autonomous electric rail vehicle, which can shuttle thousands of pounds of freight up to 500 miles. The article frames the raise against a surface freight market where railroads have abandoned shorter routes to trucking and many trucking companies have recently gone bankrupt amid record-high diesel prices.

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