Parallel Systems wants to reopen small rail roads with its electric autonomous locomotive
see photosIts current prototype has a range of 80 km but it strives for 10x more range
Tesla is not the only company that Elon Musk runs. In fact, Musk used some of the money he made with SpaceX to invest in Tesla to eventually gain control of the electric car maker. And SpaceX has also been classified by Musk as some of the most important work in his life. But it so happens that some of his former SpaceX engineers have left and formed a startup looking to restart the railway industry.
Parallel Systems, founded by former SpaceX engineer, Matt Soul, who partnered with a group of his former SpaceX colleagues, intends to disrupt the railway industry with the electric powertrain and autonomous vehicle technology that is occupying the consumer automotive space . The company has received $50 million in a Series A funding round and recently came out of stealth
SpaceX is the rocket company founded by Elon Musk
His idea is to create a small autonomous electric-powered rail vehicle. The idea is for a cargo vehicle that a parallel system enables to drop cargo onto the vehicle and move it without the need to unload the entire train. Each container can carry 800km individually or band together to be even more efficient.
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This will allow smaller railroads to reopen and new ones to be built to get cargo closer to customers and some markets away from trucks. The vehicles in question can also carry an impressive payload of 128,000 pounds, which is twice the capacity of a semi-truck. However, till now his prototype vehicle has been able to run only 80 km.
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