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
What is Parallel (Electrical Equipment) worth?
$187.6Mlast reported valuation · Oct 2026

Parallel (Electrical Equipment)'s last reported valuation, Dec 2021. Nothing priced has surfaced since.

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Valuation timeline

0 priced rounds · 32 daily marks since · Sep 2026 – Oct 2026
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Parallel (Electrical Equipment) funding history

1 rounds
DateRoundRaisedPost-money
Apr 2025Series B$38.0M▮
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Parallel (Electrical Equipment) valuation

Parallel (Electrical Equipment)'s last reported valuation was $188 million in Dec 2021. No priced round, secondary trade or fund mark has surfaced since.

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.

Comparable companies

Comparable transportation names by valuation on PrivateMarketView: Harbinger ($2.4 billion), May Mobility ($734 million) and Hayden AI ($350 million).

How Parallel (Electrical Equipment)'s valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Parallel (Electrical Equipment), the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by last reported valuation. Question about this number? Full methodology →

Frequently asked about Parallel (Electrical Equipment)

What is Parallel (Electrical Equipment) worth?
Parallel (Electrical Equipment) is valued at $187.6M as of Oct 2026. Parallel (Electrical Equipment)'s last reported valuation, Dec 2021. Nothing priced has surfaced since.
How much has Parallel (Electrical Equipment) raised?
Parallel (Electrical Equipment) has raised $91.3M in total funding across 1 recorded rounds.
When did Parallel (Electrical Equipment) last raise?
Parallel (Electrical Equipment) last raised in Apr 2025 (Series B), raising $38.0M.