The Los Angeles company thinks the future of freight lies in autonomous battery-powered trains that squeeze far more capacity out of existing rail lines
Mile-long, slow-moving diesel trains loaded with cargo chugging slowly across the U.S. could be a thing of the past one day if stealth startup Parallel Systems has its way. .
“Rail is so much more energy efficient . Even though today freight rail is diesel locomotives it's already a decarbonization win to convert to rail,” Soule tells. “What we're specifically focused on is trying to open the markets that rail can address, but then further improving the CO2 footprint by making it electric too.”
Parallel Systems thinks the massive U.S. freight rail network can become far more efficient by using smaller, electric trains operated by autonomous technology.Big batteries for trains can also be spread across multiple cars, rather than being concentrated in a single vehicle.
Parallel, which raised about $3.6 million from seed funding round when it formed in early 2020, is discussing its technology with major freight railroad companies, though Soule declined to say if any invested in its Series A round. It’s testing prototypes on a private segment of track and will have a next-generation version ready for evaluation in the weeks ahead, equipped with a camera-based, autonomous system developed in-house.
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