SpaceTechCrunchabout 1 hour ago
SpaceX Alumni Raise $100M for Autonomous Trains
3 min read
Parallel Systems, a startup founded by SpaceX alumni, raised $100 million in Series C funding led by AVP. The company develops autonomous freight trains called Panther that operate up to 500 miles without operators. This investment aims to help railroads recapture market share from trucking by solving short-haul logistics and port congestion issues.
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