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Trucks dominate the transportation of goods in the United States 20.2 billion tons of shipping This is transferred annually. Parallel The founder and CEO Matt Seoul wants to change this by developing a modern and electric development on the centuries -old railway system.
The Los Angeles -based company builds a battery -powered independent charging technology that works with current shipping cars and integrates with current train control programs. Soule Stadium: The parallel system makes the lowest cost companies using railways-not trucks-short-distance delivery.
Soleil explained to break the large and expensive locomotives that attract hundreds of charging cars in long distances, that trains are usually traditionally unstable because trains are usually supported by large and expensive locomotives that pull hundreds of shipping cars in long distances. Companies often turn into trucks to transport shorter shipping distances.
Parallel systems have developed a system that allows train cars to connect and separate independently. This means that companies can use Parallel technology for a variety of different delivery sizes, and humans do not have to connect and separate cars manually – a dangerous process. Soleil added that parallel technology also allows the brakes to be much faster than the trains.
“We use a different material structure to achieve the competitive economy of trucks on a small scale instead of a large size,” Soleil said. “The same car is compatible with the current railway infrastructure. It is designed and is proven to work alongside traditional railways. We do not suggest replacing the current shipping trains with this.”
The federal railway administration’s budget has been approved recently to start the technology experience in Georgia. This program will allow the company to test its trains that support technology over the 160 miles extension between the Safana port in Safana and Georgia and multiple distribution sites in the state.
Also parallel to this recently raised a 38 million dollar series by Anthos Capital and Fund Collaworatus with the participation of Connerent Ventures and Riot Ventures, among other things. This brings the total parallel financing to more than $ 100 million. The new capital will be placed towards marketing with the company in the hope of hosting its initial trade launch in 2026.
Sophie Bakalar, a partner in a cooperation fund, told Techcrunch that although Al -Mawazia Company is not accurately commensurate with its public thesis that carries the consumer, the company was fascinated by the company after its presentation through a current founder in his portfolio.
Bakalar said that while the cooperative fund is usually not investing in this field, shipping and movement of goods have a significant impact on consumer companies, usually.
“I think this team is in a unique position to solve this problem,” said Bakalar. “Many people will not be able to do this. I think it is a team that includes a suitable founder. It is a huge market and a great challenge.”
Soule has no wallpaper in railways, specifically. However, he has a history of work in regulating transportation. He spent 20 years in space, 13 of which were in Spacex.
“We were constantly developing new technologies,” Sol said. “I have worked on aviation electronics, which are electronics and programs that control the missile and have become incredibly curious about how all these technologies can benefit other types of industries that may not have seen much innovation.”
The company was launched in 2020 and now, five years later, he parallel to technology and focuses on marketing.
Soleil said that while urging companies to change shipping and distribution strategies, it may be a major achievement, the demand for different solutions is present. He added that they have attention from all over the world, but they are planning to focus on the United States and Australia at the present time.
This news also comes at a time when the United States hangs Termination tariff. If it ends with definitions, Bakalar expects more demand for companies such as parallel as companies are likely to look to reduce costs in any way.
“This is similar to innovation generations in terms of charging and does not see much of the change in the shipping industry,” Sol said. “But this strikes the points of interest.”