Ai Tech
SpaceX alumni nab $100M to rethink shipping with autonomous freight trains
TechCrunch·October 7, 2026·1 min read
Parallel Systems, founded by SpaceX alumni, raised $100 million to scale production of its autonomous electric rail vehicles. Each vehicle can shuttle thousands of pounds of freight up to 500 miles, aiming to modernize shipping with a cleaner, driverless alternative to traditional freight trains.
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