Key facts
- Parallel (Electrical Equipment)’s last known valuation is $187.6M (Dec 2021).
- It has raised $91.3M across 1 recorded rounds; the latest was Early Stage VC ($38.0M) in Apr 2025.
- Notable investors include U.S. Department of Energy, Collaborative Fund, Congruent Ventures, GRIDS Capital, Anthos Capital — 8 tracked in total.
- Status: Privately Held (backing).
Leadership
- Matt SouleCo-Founder & CEO
- John HowardCo-Founder & Vice President of Hardware
- Ben StablerCo-Founder & Vice President of Software
- ·Post-money valuations for all 1 rounds
- ·The complete investor list — 8 names
- ·Watchlist + deal alerts for Parallel (Electrical Equipment)
Funding rounds
1 roundsAbout Parallel (Electrical Equipment)
Developer of an autonomous battery-electric rail system intended to serve as an autonomous and zero-emissions freight transportation. The company builds autonomous battery-electric rail vehicles that increase infrastructure utilization and improve service to accelerate freight decarbonization by making it easier to maintain sustainability, enabling transporters to move freight more safely and cost-effectively than traditional trains or trucks.
- Industry
- Transportation
- Sector
- Business Products and Services (B2B)
- HQ
- Los Angeles, CA, United States
- Founded
- 2020
- Employees
- 80
- Website
- moveparallel.com/
- Ownership
- Privately Held (backing)
Parallel (Electrical Equipment) doesn't have a composite mark yet — a PA Mark is published once enough pricing inputs exist (trade prints, fund marks, round prices). The rest of the record below builds toward it.
Recorded secondary trades
No secondary trades in Parallel (Electrical Equipment) shares have been recorded yet. When a print lands — third-party, direct report, or platform — it appears here with structure, source, and price.
Institutional fund marks
No SEC-registered fund has reported a fair-value mark on Parallel (Electrical Equipment) in its N-PORT filings yet. We sweep new filings monthly.