Internship
Internship
ML Infrastructure, Summer 2024
Posted on 10/18/2023
Automated battery-electric rail freight solutions
Los Angeles, CA, USA
Parallel Systems focuses on transforming freight transportation by shifting cargo movement from trucks to rail. They develop automated, battery-electric freight rail vehicles designed to integrate seamlessly with existing railroad operations. This technology allows railroads to service routes under 1,000 miles, providing a more efficient and environmentally friendly alternative to traditional trucking, especially for shorter distances. Unlike competitors, Parallel Systems emphasizes sustainability and flexibility, targeting railroads that want to expand their services and businesses looking for greener freight options. The company's goal is to reduce carbon emissions in the freight industry while offering innovative solutions that enhance operational efficiency for railroads.
Company Stage
Series A
Total Funding
$58.5M
Headquarters
Los Angeles, California
Founded
2020