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Parallel Systems is building autonomous electric rail for short-distance freight
Parallel's tech is meant to offer companies a more energy efficient and safer solution for short-distance freight deliveries.
Rail has been traditionally underutilized because trains are typically powered by large and expensive locomotives that pull hundreds of freight cars at a time over long distances, Soule explained to TechCrunch. This means companies can use Parallel’s tech for a variety of different delivery sizes and humans don’t have to manually connect and disconnect the cars — a dangerous process. Sophie Bakalar, a partner at Collaborative Fund, told TechCrunch that while Parallel doesn’t neatly fit into its consumer-leaning generalist thesis, the firm was intrigued by the company after getting introduced through an existing founder in their portfolio.
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