$135-190k
+ Equity
Autonomous Zero-emissions freight transportation
Open for applications
Autonomous Zero-emissions freight transportation
21-100 employees
Open for applications
$135-190k
+ Equity
21-100 employees
To decarbonize freight while improving supply chain logistics and safety through its autonomous, zero-emission freight transportation system.
Desirable
The huge freight networks of the U.S. currently face the significant challenge of optimizing their supply chain logistics whilst meeting regulations for the mitigation of global warming. Whilst electric trucking startups provide a small-scale solution, the $700B industry is enormous, and replacing trucks would be unaffordable to most companies.
Parallel Systems designs autonomous, zero-emissions freight transportation systems for railways, providing a sustainable alternative to freight trucking. The automated rail vehicles use existing railway networks to increase infrastructure utilization and open railroads to new markets, whilst providing an alternative to logistics companies that is safer, faster, zero-emission, and lower cost.
While the company faces competition in fellow autonomous railcar company Intramotev, Parallel shows promise to disrupt the market by being based on pre-existing infrastructure that is faster, safer, and cheaper than road-based logistics. Through this approach, the company can help logistics companies become carbon-neutral whilst increasing their access to railway freight, thus saving them money and boosting opportunities for revenue growth.
Steph
Company Specialist at Welcome to the Jungle
66% employee growth in 12 months
Apr 2025
$38m
SERIES B
Jan 2022
$49.6m
SERIES A
Arts District, Los Angeles, CA
Matt Soule
(Founder & CEO)Avionics Engineer for SpaceX from 2006 to 2019.
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