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Parallel

Parallel

Parallel develops autonomous battery-electric rail vehicles and software for short-haul container freight transportation.

Operating headquarters

Los Angeles, CA, US🇺🇸

Founded

Parallel develops a freight rail system that combines battery-electric vehicles, onboard sensing and fleet software. Its vehicles carry intermodal containers and form platoons without conventional couplers, while software connects vehicle and fleet information with railroad control and business systems.

The company serves railroads seeking container traffic on shorter or lower-density routes. Its system supports line-haul connections, port shuttles and direct service to warehouses or small terminals. Automatic charging, independent braking and remote vehicle monitoring support operation alongside existing rail infrastructure.

Parallel - Similar Companies

Intramotev

intramotev.com

Swift Rails

swiftrails.com

Parallel Domain

paralleldomain.com

Cargobot

cargobot.io

Telegraph

telegraph.io

Supadock

Imperium Drive

imperiumdrive.com

Routr

routr.com

Next Future Transportation

B Robotics

a2b-robotics.com

Phantom Auto

Azevtec

azevtec.com

Freight Shuttle Xpress

freightshuttle.com

Outrider

Eas-T Autonomous Solutions

Parallel - Quick Facts

Who are Parallel's competitors?

Companies similar to Parallel include Intramotev, Swift Rails, Parallel Domain and Cargobot.

When was Parallel founded?

Parallel was founded in 2020.

Where is Parallel's headquarters located?

Parallel's headquarters is located in Los Angeles, CA, US.

When was Parallel's last funding round?

Parallel's most recent funding round was for $38M (USD) in April 2025.

How much has Parallel raised to-date?

As of Apr 14, 2025, Parallel has raised a total of $91.3M (USD).

How many employees does Parallel have?

Parallel has 62 employees as of Feb 5, 2024.

Parallel - Classification

Industry: Hardware
Ownership: Venture Capital
Technology: Automation
Robotics
Geographic Exposure: North America

Model: Hardware and Software
Customer: Enterprise
Main Product: Logistics
Transportation

Tags: Freight Tech

NAICS: 336510Railroad Rolling Stock Manufacturing