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SpaceX alumni nab $100M to rethink shipping with autonomous freight trains
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4 Articles
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SpaceX alumni nab $100M to rethink shipping with autonomous freight trains
Parallel Systems raised $100M to scale production of its autonomous electric rail vehicle, which can shuttle thousands of pounds of freight up to 500 miles.
·San Francisco, United States
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The startup founded by former SpaceX engineers raised USD $100 million to expand the production of its Panther autonomous rail vehicles. Its proposal points to cargo routes of less than 500 miles, a segment that today dominates trucks and that the company seeks to service with electric units capable of circulating without operator.
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Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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