Parallel Systems, the developer of an autonomous battery-electric rail system, will launch its first commercial pilot in April after securing approval from the Federal Railroad Administration, the company announced yesterday.
Parallel will work with Genesee & Wyoming Inc. to begin commercial deployment of autonomous battery-electric rail cars along a 160-mile stretch of two Georgia railroads, company officials said in a press release. The stretch will connect the Port of Savannah to major arterial distribution operations serving the East Coast.
Parallel’s aim is to deliver an alternative to short-haul trucking, company officials said. …” Federal Railroad Administration approval and closing our Series B funding round are two critical milestones for Parallel Systems,” said Matt Soule, founder and CEO. “Together with our strategic partnerships within the rail industry, Parallel Systems is now poised to fully commercialize our battery-electric rail system, starting with the FRA-approved project in Georgia.”