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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

Leadership

3

Who runs Parallel (Electrical Equipment)

3 people are listed on the Parallel (Electrical Equipment) team: 3 executives, including Ben Stabler (Co-Founder) and John Howard (Co-Founder).

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