Parallel Systems raised $100M to scale production of its autonomous electric rail vehicle, which can shuttle thousands of pounds of freight up to 500 miles.
SpaceX alumni nab $100M to rethink shipping with autonomous freight trains
TE TechCrunch 
Key takeaways
SpaceX alumni founded Parallel Systems, which raised $100M to develop autonomous freight trains for short hauls.
- Parallel Systems developed autonomous rail vehicles for short freight routes.
- The startup raised $100M to scale production and compete with trucking.
- The technology aims to reduce congestion and pollution by using railroads.
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