<ul><li>Los Angeles-based company Parallel Systems is developing battery-powered autonomous freight technology to make rail more cost-effective for short-distance deliveries.</li><li>The system allows train cars to autonomously attach and detach, accommodating different delivery sizes and improving safety.</li><li>Parallel Systems has received approval from the Federal Railroad Administration to pilot the technology in Georgia.</li><li>The company recently raised a $38 million Series B round and aims to launch commercially in 2026.</li></ul>

Parallel Systems is building autonomous electric rail for short-distance freight

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