The business of goods in the United States is dominated by trucks that hold two-thirds 20.2 billion tons of load transported annually. Parallel systems The founder and CEO Matt Soule wants to change it by putting a modern autonomous and electric twist in the centuries-old railway system.
Los Angeles-based company builds autonomous cargo technology that works with existing trucks and connecting with existing train management program. Soule’s field: Parallel system is less expensive to use companies without railways – for short distance supplies.
The railway was traditionally unused because trains were usually explained to TechCrunch as hundreds of trucks with long distances were equipped with large and expensive locomotives. Enterprises often return to trucks for more distances.
Parallel systems have developed a system that allows the autonomy and separation of train cars. This means that companies can use various delivery sizes and parallel technology for people, and people should close and separate cars and should not be separated and ‘a dangerous process. The parallel technology also allows trucks to brake faster than existing trains, Soule added.
« We use a different physical architecture to perform a small scale, not a large scale, not a small scale of the truck. » « The vehicle itself is in line with existing railway infrastructure. We are demonstrated along with traditional railway transactions. We do not offer to replace existing cargo trains. »
Recently, the Parallel Federal Railway Administration was approved to start piloting technology in Georgia. This program will allow the company to test technological effective trains between Savannah, Georgia and many distribution sites in the state 160 miles.
Parallel recently raised a number of $ 38 million in a joint fund, co-established joint Foundation between Anthos Capital and Constital and Constital and Constital and Constital and Constital and Constital and Constit and the Otto. This is more than $ 100 million for the total parallel financing. Fresh capital, in 2026, will be commercial with a company hoping to host primary commercial sales.
Sophie Cars, which is partner of the joint fund, said that the company is interested in the company’s portfolio, which is neatly based on the consumer in parallel.
The joint fund is usually in this area, the movement of shipping and goods has a great impact on consumer companies
« I think this team is a really unique position to solve this problem, » he said. « Most people will not be able to do it. I think this is a team that fits the founder product. A mass market and a massive problem. »
Soule, there is no background specifically on the railway. However, adjustable transport has a job history. In a 20-year Aerospace, 13 of them were in space.
« We have always developed new technologies, » he said. « I worked in the avionics of electronic electronics and software that other areas that can take advantage of other areas that can take advantage of other areas that can take advantage of other areas that may perhaps not seem to be in innovation.
In 2020, the company launched, and now he built parallel technology after five years and was aimed at focusing on trade.
Soule said that companies have a great feat, there may be a great feat, various solutions for companies to change shipping and distribution strategies. He added that they were interested in all over the world, but they plan to pay attention to the United States and Australia.
This news is also coming as it is hanged in the United States Tariff Limbo. If the tariffs ended the passage, such as cargo, such as companies, they probably predict more demand for companies such as parallel as they want to reduce costs.
« In terms of this cargo, the generation is like an innovation and you do not see much change in the cargo industry, » he said. « But this item is hit by the points. »
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