The business of running in the United States is dominated by the business truck, which operates about two-thirds 20.2 billion tons of freight It is transported annually. Parallel system Founder and CEO Matt Soul wants to change it with a modern autonomous and electric twist on the century -old railroad system.
The Los Angeles-based company is creating a battery-powered autonomous fret technology that works with existing freight cars and integrates with the existing train control software. Soul Pitch: Parallel systems make the rail used for the supply of short-distances-not truck-use is less expensive to use.
Rail Tradition is neutrally neutral because trains are usually driven by large and expensive locomotives, which once in a long distance pull several freight cars, explained to Soul TechCrunch. Business often turns into trucks for a short distance of freight fretters.
Parallel systems have created a system that allows the train cars to be autonomously connected and alienated. This means companies can use parallel technology for different types of delivery size and manually connect people and cars not disconnect – this is a dangerous process. Soul added, allowing parallel technology freight cars to brake significantly faster than existing trains.
“We are using a different physical architecture to achieve the truck competitive economy on a scale smaller than a larger size,” said Soul. “The car itself is designed to be compatible with the existing rail infrastructure and is being displayed to operate as well as the Traditional Test Rail Operations. We do not offer to replace the existing freight trains with it.”
The parallel was recently approved by the Federal Railway Administration to start the technology of Georgia. This program will allow the company to examine its technology-capable trains, including a 160 mile extending between multiple distribution sites in Savana, Georgia, and multiple distribution sites in the state.
Parallel recently raised a $ 38 million series B. Round, co-leading Antos Capital and Antos Capital and Allied Funds, with the participation of rioting between others. It brings more than $ 100 million to the total funds in parallel. The new capital with the company will lead to commercialization in the hope of hosting the initial commercial launch in 2026.
Associate fund partner Sophie Bakla told TechCrunch that parallel, although its consumer-jerk does not fit very well in the general thesis, the company was interested in introducing them through the existing founder in their portfolio.
Although cooperative funds usually do not invest in the region, the shipping and product movement can have a big impact on customer agencies usually cooperate, Bakraler says it is difficult to pass a good opportunity-even though it is off-theice.
“I think this team is truly unique to solve this problem,” said Buckler. “Only a lot of people will not be able to do it i
There is no background on the sole rail, especially. However, he has a history of working on controlled transport. He spent 20 years in Aerospace, out of which 13 was in spacex.
“We were constantly developing new technology,” said Soul. “I worked in AVOICS, it was incredibly curious about how the rocket controls the rocket and how all these technologies can benefit other types of art, which is probably not so innovated.”
He launched the company in 2021 and now, five years later, created parallel technology and concentrated on commercialization.
Soul said companies could be a great achievement to change their shipping and distribution strategy, but there is a demand for various solutions, Soul said. He also added that they are interested in the world but are now planning to focus on the United States and Australia.
This news also comes as the US is hanging in the United States Tariff limboThe If the tariffs are finished, Bakla predicted that it could increase the demand for parallel national organizations because companies would probably want to reduce the cost somehow.
“It is like a generation innovation in the direction of the freight and you can’t see too much change in the freight industry,” said Soul. “But it is hurting the content.”