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Tuesday, October 20, 2026 Set Location International Edition
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Startup

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

October 7, 2026 TechCrunch Startups 1 min read
TechCrunch Startups · Center
SpaceX alumni nab $100M to rethink shipping with autonomous freight trains

Parallel Systems raised $100 million to scale production of its autonomous electric rail vehicle, which can shuttle thousands of pounds of freight up to 500 miles.

Source: TechCrunch Startups

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