Parallel

📍 Los Angeles, United States🗓 Founded 2020👥 45 employees💰 Last funded Jan 2025
Railroad Equipment Manufacturing🌐 moveparallel.com
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Parallel develops autonomous, battery-electric rail vehicles to convert freight from truck to rail. Our technology enables railroads to serve new markets, decongest highways, and reduce shipping costs and pollution. We provide a safer, more efficient, and sustainable alternative to short-haul trucking, seamlessly integrating with existing rail operations and powering the future of freight.
4
Total investors
3
Early stage
1
Mid stage
0
Late stage
2020
Founded

Investors

4 investors
All
Early stage
Mid stage
Late stage
Investor geography1 country
United States
4
Investor activity2020–2025 · investors recorded per year
2020320251
Recent (last 2y)Earlier
Frequently asked questions
Who invested in Parallel?
Parallel has 4 investors on record on gritt.io, including 3 early-stage backers, 1 mid-stage.
When did Parallel last raise funding?
The most recent investment in Parallel recorded on gritt.io was in January 2025.
When was Parallel founded?
Parallel was founded in 2020.
What industry is Parallel in?
Parallel operates in Railroad Equipment Manufacturing. Find similar Railroad Equipment Manufacturing investors on gritt.io.
Where is Parallel based?
Parallel is headquartered in Los Angeles, United States.