Parallel Systems
Autonomous, battery-electric freight railcars — built by SpaceX alumni
Logistics
📍 Los Angeles, CA
Founded 2020
Current Valuation
Private
PRIVATE
Parallel Systems, founded by early SpaceX employee Matt Soule and based in Los Angeles, builds autonomous, battery-electric rail vehicles for freight — self-propelled railcars designed to move shipping containers more flexibly and economically than trucks or conventional trains. (Distinct from the unrelated AI company 'Parallel' / Parallel Web Systems already in this list.)
Company Profile
Growth
Autonomous freight-rail pilots
Fundraising Status
private
Founders & Key People
Matt Soule
Products
- Autonomous battery-electric railcars for freight
Competitors
Class I freight railroads · Long-haul trucking
AutonomousRailFreightLogisticsSpaceX alumni
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of recent date. Refreshed quarterly.