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.
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