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Parallel Systems develops autonomous battery-electric rail vehicles for freight transport.
Founded in 2020 and based in Los Angeles, US, Parallel Systems develops autonomous battery-electric rail vehicles that carry standard shipping containers in single or double-stacked loads. CEO Matt Soule, Brian Ignaut, John Howard, and Ben Stabler founded the company. In April 2025, it raised USD 38 million in Series B funding led by Anthos Capital, with Congruent Ventures, Embark Ventures, Riot Capital, Collaborative Fund, Milano Investment Partners, 8090 Industries, and other investors participating.
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