Parallel Systems Timeline

Events

• 2026-10-07 - Funding - Parallel Systems secures $100 million Series C to manufacture Panther vehicles - New investors Hillspire, Agility Global and Cobalt Capital joined Anthos Capital, Congruent Ventures, Riot Capital and Collaborative Fund. The Georgia pilot with Genesee & Wyoming continues under Federal Railroad Administration supervision. Parallel reports… - source: prnewswire.com
• 2025-10-28 - Market Signal - Parallel Systems advances autonomous battery-electric freight rail testing with G&W in Georgia - Parallel Systems is advancing a commercial pilot with Genesee & Wyoming in Georgia for autonomous battery-electric freight rail. The pilot follows FRA approval and completion of Phase 1 in June 2025. The event is a current autonomy deployment signal for… - source: forbes.com
• 2022-01-19 - Funding - Parallel Systems raises USD 49.55M Series A for autonomous rail vehicles - The Series A round totaled USD 49.55 million. Parallel came out of stealth with autonomous battery-electric rail vehicles. Funding supported vehicle development, testing programs, and team growth. - source: cdn.prod.website-files.com