battery-electric
Autonomous battery-electric rail company closes series A funding round
Autonomous battery-electric rail vehicles company Parallel Systems has raised $49.55 million in series A funding.
The Culver City, California-based company was founded by three former SpaceX engineers who worked together to “reimagine the railroad system,” the Wednesday release said.
The funding round was led by Anthos Capital. Congruent Ventures, Riot Ventures, Embark Ventures and others also invested.
Parallel’s autonomous...
Daily Infographic: The Logistics Behind Deploying Electric Fleets
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https://www.freightwaves.com/news/daily-infographic-the-logistics-behind-deploying-electric-fleets
BNSF, Wabtec put battery-electric locomotive to the test
Western U.S. railroad BNSF (NYSE: BRK) and rail technology provider Wabtec (NYSE: WAB) are exploring how battery-electric locomotives operate in service.
The two are in the advanced testing stages for a battery-electric locomotive that will run between Barstow and Stockton, California. The locomotive will be placed between two Tier 4 locomotives, creating a battery-electric hybrid consist, BNSF said. As the train runs, it will use the battery-electric locomotive and the diesel locomotives. A...
https://www.freightwaves.com/news/bnsf-wabtec-put-battery-electric-locomotive-to-the-test