Parallel Systems
PrivateLast Round
Series B
Apr 11, 2025
Est. Valuation
$248M
Total Funding Raised
$46.04M
Momentum Score
25 /100
Company Overview
Parallel (Rail) is a transportation and technology company that manufactures autonomous battery-electric rail vehicles to provide a zero-emissions freight transportation system that enhances infrastructure utilization and accelerates freight decarbonization.
Sector
Mobility, Transportation & Logistics
Verticals
Autonomous Vehicles, Electric Vehicles, Freight & Transportation, Fleet Management, Clean Transportation
Business Model
B2B
Customer Profile
Hardware Sales, Hardware + Subscription, Government Contracts, Services & Consulting
AI Layer
Infrastructure
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Parallel Systems Comps
Public and private peers based on sector, stage, and business model.
Parallel Systems Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series B | Apr 11, 2025 | ||||
| Grant | Feb 14, 2022 | ||||
| Seed | Jul 2, 2020 |
Parallel Systems Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Milano Investment Partners | Series B |
| Embark Ventures | Grant, Seed |
| Riot Ventures | Grant, Seed, Series B |
| Collaborative Fund | Series B |
| Congruent Ventures | Grant, Seed, Series B |
| Anthos Capital | Grant, Series B |
| US Department of Energy (ARPA-E) | Grant |
Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 3, 2026
Job posting reveals development of the 'Mk3 platform' for autonomous rail vehicles.
- Jan 1, 2026
First customer vehicles planned for production in 2026.
Parallel Systems Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
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