parallel systems

parallel systems

Courtesy of Waymo

There’s no shortage of companies testing autonomous cars in Los Angeles and everyday it seems more enter the city with the goal of addressing its transportation needs through self-driving rideshares.

See our timeline below for key developments in L.A.’s robotaxi industry, starting with the launch of Motional’s L.A. facility and moving through the most recent developments in companies looking to bring robotaxi service to SoCal.

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Courtesy of Parallel Systems

Parallel Systems—the startup founded by former SpaceX engineers to develop autonomous, electric rail cars for the freight industry—has received a $4.4 million research grant from the U.S. Department of Energy (DOE) to fund advanced testing of its technology.

The funding, part of $175 million awarded by the DOE to nearly 70 clean energy tech projects, comes less than a month after Los Angeles-based Parallel Systems emerged from stealth mode with nearly $50 million in Series A funding.

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Image courtesy of Parallel Systems

Parallel Systems has big dreams for the future of railway freight operations, and it seems that the venture capital world has taken notice.

The Los Angeles-based transportation startup announced a $49.55 million Series A funding round as it emerged from stealth mode on Wednesday. The round was led by Anthos Capital, with additional investments from the likes of Congruent Ventures, Riot Ventures and Embark Ventures.

Comprised of former SpaceX, Google and Tesla engineers, Parallel Systems is aiming to develop autonomous and electric freight train cars that would make the American shipping industry greener and more efficient.

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