MoveParallel.com focuses on rail freight. It sells automated, battery-electric freight rail vehicles and integration tools to railroads, enabling them to move freight from trucking to rail on corridors under 1,000 miles. The system combines an autonomous/automated vehicle with software and services to integrate into existing railroad operations, and it may include ongoing maintenance contracts and consulting. Compared with traditional rail or trucking, the company targets shorter-haul routes and aims to expand railroad markets by offering a flexible, cleaner transportation option that reduces carbon emissions. The goal is to convert more freight to rail for shorter distances, improving efficiency and sustainability in freight movement.
Company Size
51-200
Company Stage
Series C
Total Funding
$191.2M
Headquarters
Los Angeles, California
Founded
2020
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