Battery-Powered Trains Are Picking Up Speed
Electric locomotives could cut emissions of greenhouse gases and toxic pollutants that harm people living near rail yards.
Source: wired.com
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Top News In Parallel Systems Today - Breaking & Trending Today
The AlleyWatch Startup Daily Funding Report: 2/4/2022
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 2/4/2022 featuring funding details for Parallel Systems, Cortex Fusion Systems, and much more.
Source: alleywatch.com
Parallel Systems: This is a test
A startup intends to streamline and decarbonize land cargo transport. Here's hoping they succeed.
Source: energycentral.com
Parallel Systems raises $50M Series A to build autonomous battery-electric rail cars that move freight
Parallel Systems, a company founded by former SpaceX engineers to reimagine the railroad system, has raised $49.55 million in Series A funds to build autonomous battery-electric rail vehicles that move freight. The round is led by Anthos Capital, and includes investments from Congruent Ventures, Riot Ventures, Embark Ventures, and others....
Source: greencarcongress.com
Former SpaceX colleagues join forces to build autonomous freight train cars, which aim to boost efficiency and ease supply-chain pressures
Freight train hauls shipping containers. jopstock/Getty Former SpaceX engineers are building self-driving, electric freight train cars, CNBC reported.
Source: businessinsider.com.au