Parallel Systems
Autonomous Rail Freight Transportation
39 employees · est. 2020 · Los Angeles, United States
Side-by-Side Comparison
| Metric | Parallel Systems | Revoy |
|---|---|---|
| Founded | ||
| Founded | 2020 | Not tracked yet |
| Headquarters | ||
| Headquarters | Los Angeles, United States | Not tracked yet |
| Employees | ||
| Employees | 39 | 13 |
| Industry | ||
| Industry | Logistics, Transportation, Autonomous and Sensor Tech | Logistics, Transportation |
| Funding Stage | ||
| Funding Stage | Series B | Pre Seed |
| Total Funding | ||
| Total Funding | $91.35M | Not tracked yet |
| Funding Rounds | ||
| Funding Rounds | 3 | 1 |
| Services | ||
| Services | Developing and integrating automated, battery-electric freight rail vehicles for logistics and transportation electrification. | Not tracked yet |
| Target Customers | ||
| Target Customers | Freight companies, logistics and transportation providers, and industries looking for sustainable and cost-effective freight transportation solutions. | Not tracked yet |
| Taxonomy | ||
| Taxonomy | Autonomous Vehicles, Rail Freight Transportation, Freight Market, Zero-Emissions Transportation, Technology Integration, Battery-Electric Vehicles, Environmental Impact, Freight Movement Innovation, Railroad Operations, Market Expansion, Logistics Technology, Sustainable Transportation, Vehicle Automation, Railway Infrastructure, Supply Chain Optimization | Electric Vehicles, Road Freight, Cost Reduction, Transportation Technology, Electrification, Innovation, Clean Energy, Fleet Management |
| Website | ||
| Website | moveparallel.com | revoy.com |
About Parallel Systems
Parallel Systems, a startup with the slogan "Autonomous Rail Freight Transportation", is focused on revolutionizing the rail freight transportation sector. Established in 2020 and based in the United States, the company aims to boost rail's freight market share, enhance safety, and reduce shipping c...
About Revoy
Revoy is a disruptive startup aiming to electrify road freight at lower costs compared to diesel. The company offers road freight electrification as a service and operates within the logistics and transportation industries. The venture recently secured a Seed Round investment on April 15, 2022, with...
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Compiled from the BounceWatch company index. We last looked at Parallel Systems on 12 Jun 2025, and Revoy on 11 Sep 2024. Where a field is blank here, it means we have not recorded it — not that the answer is zero. How we source and date this.