WORLDTECH NEWS Global technology intelligence.Contact
WORLDTECH.NEWS
Search Follow
← Back to WORLDTECH
Startups & Business DEVELOPING

SpaceX alumni nab $100M to rethink shipping with autonomous freight trains

First reported Source: TechCrunch + 1 moreLast editorial activity
A close-up view of a sleek drone with its controller on a reflective surface during sunset.
Illustrative photo.Photo by Josh Sorenson on Pexels

What happened

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. SpaceX is a space company based in Hawthorne, founded in 2002, and its products and services include autonomous spaceport drone ships.

Sources & evidence

We use only necessary storage (to remember this choice) and cookie-free, anonymous audience measurement. Optional categories (analytics, advertising, personalisation) stay off unless you accept them. No optional trackers are currently integrated. Learn more

Settings