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SpaceX Alumni Pitch Robotic Railcars as Freight’s Low-Carbon Future

SpaceX Alumni Pitch Robotic Railcars as Freight’s Low-Carbon Future

A startup led by former SpaceX engineers desires to populate America’s railroads with autonomous electrical railcars, a imaginative and prescient it says might ease provide chains and cut back greenhouse-gas emissions from freight transport.

Culver Metropolis, Calif.-based startup Parallel Techniques, which was based in January 2020, stated on Wednesday it raised $49.55 million in funding. Enterprise-capital agency Anthos Capital led the Collection A spherical, with participation from Congruent Ventures, Riot Ventures and Embark Ventures.

Parallel…

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