Parallel Systems
Los Angeles, California, United States
Team size: 51 - 200
Sector: Transportation and mobility
About Parallel Systems
Founders: Ben Stabler, Brian Ignaut, John Howard, Matthew Soule
Founded date: 2020
Connect: moveparallel.com
Company revenue: US$ 50 - 100 million
Investors: Anthos Capital, Congruent Ventures, Embark Ventures, Riot Ventures
Company stage: Series A
Parallel Systems is a startup company developing the future of intermodal transportation. Our mission is to decarbonize freight while improving supply chain logistics and safety. We are developing vehicles and software to create new autonomous and electric transportation systems for existing rail infrastructure, allowing railroads to convert part of the $700 billion U.S. trucking industry to rail.