Parallel (Electrical Equipment)

Transportation · Los Angeles, CA · Founded 2020 · Privately Held (backing)

Developer of an autonomous battery-electric rail system intended to serve as an autonomous and zero-emissions freight transportation. Parallel (Electrical Equipment) is based in Los Angeles, CA and was founded in 2020. Its last reported valuation was $188 million in Dec 2021. It has raised $91.3 million across 1 recorded round; the latest was a $38 million Series B in Apr 2025.

Last reported valuation
$187.6M
Oct 2026
Priced at
—
Total raised
$91.3M
Last round
Series B
Apr 2025
How much has Parallel (Electrical Equipment) raised?
$91.3Macross 1 recorded rounds · Apr 2025 – Apr 2025

Most recently, Parallel (Electrical Equipment) raised $38.0M in its Series B (Apr 2025).

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Parallel (Electrical Equipment) round by round

1 rounds
Apr 2025Series B$38.0M▮

How much has Parallel (Electrical Equipment) raised?

Parallel (Electrical Equipment) has raised $91.3 million in total; 1 of its rounds is on record. The largest on record was a $38 million Series B in Apr 2025.

Parallel (Electrical Equipment) investors

8 investors are on record for Parallel (Electrical Equipment), including U.S. Department of Energy, Collaborative Fund, Congruent Ventures and GRIDS Capital.

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Frequently asked about Parallel (Electrical Equipment)

How much has Parallel (Electrical Equipment) raised?
Parallel (Electrical Equipment) has raised $91.3M in total across 1 recorded funding rounds.
When was Parallel (Electrical Equipment)'s last funding round?
Parallel (Electrical Equipment)'s most recent recorded round was Series B in Apr 2025, raising $38.0M.