/PRNewswire/ -- Parallel Systems (Parallel or The Company), the world's leading battery-electric autonomous freight rail company, has closed its Series C...
Essentially this is a project designed to get money out of VC rich guys - that kind of rich person can only think of transit in terms of individualised vehicles because that’s all they know.
Bus? No, private car. Airliner? No, private jet. Ferry? Yacht etc. The only way they interact with transport is in a single vehicle that takes specifically them from where they are to where they want to go, the idea of economy of scale just doesn’t enter their worldview.
So this company goes “wouldn’t it be great if your specific container that your company ordered could get to your warehouse directly and not need to worry about all those distribution yards and other people’s stuff in the way”
(Spectacularly ignoring the fact that it just spent weeks on a ship from China, saving a day at the end of that makes no difference) And they go damn yes that sounds great here’s $100m
It’s not really “trying” to solve anything.
Essentially this is a project designed to get money out of VC rich guys - that kind of rich person can only think of transit in terms of individualised vehicles because that’s all they know.
Bus? No, private car. Airliner? No, private jet. Ferry? Yacht etc. The only way they interact with transport is in a single vehicle that takes specifically them from where they are to where they want to go, the idea of economy of scale just doesn’t enter their worldview.
So this company goes “wouldn’t it be great if your specific container that your company ordered could get to your warehouse directly and not need to worry about all those distribution yards and other people’s stuff in the way” (Spectacularly ignoring the fact that it just spent weeks on a ship from China, saving a day at the end of that makes no difference) And they go damn yes that sounds great here’s $100m