Parallel Systems

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

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.

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