Parallel Systems, the world's leading battery-electric autonomous freight rail company, has closed its Series C funding round with $100 million in new capital. New investors include AVP which led the round, Hillspire, Agility Global, and Cobalt Capital, as well as participation from existing investors including Anthos Capital, Congruent Ventures, Riot Capital, and Collaborative Fund. Founded in 2020 by Matt Soule, who spent 13 years with SpaceX, the Company has assembled a team of engineers and rail operations professionals who will drive full commercialization, expansion into international markets, and scale manufacturing of Parallel's third-generation Panther rail vehicle.