Parallel Systems Working On Autonomous, Battery-Electric Rail Vehicles

Parallel Systems has been selected to receive $4.5 million from the Department of Energy for an advanced testing program of its autonomous, battery-electric rail vehicles. The startup, which has raised more than $53 million to date, was founded by former SpaceX engineers to reimagine the rail system by creating a more efficient, decarbonized freight network. Matt Soule, Co-founder & CEO of Parallel Systems, joined Cheddar's Opening Bell to discuss what the company hopes to achieve.

Jun 17, 2022

More Videos

How PopSockets Went From A Garage Project To A Household Name

PopSockets founder David Barnett explains how a simple idea became 300 million products, major partnerships and a global phone-accessory brand.

Hollywood’s $4.7 Billion Summer: Is The Movie Business Back?

Seth Schachner, Managing Director at Strat Americas, explains what fueled Hollywood’s $4.7 billion summer and whether movie theaters are truly back.

The AI Safety Crisis Is Growing: Why Researchers Are Speaking Out

Christopher Zara, News Director at Fast Company, joins us as AI researchers raise new concerns about safety, control and the race to build powerful AI.

Trump Makes A Crypto Concession, But The Senate Fight Isn’t Over

President Trump has agreed to new ethics provisions aimed at clearing a major cryptocurrency bill through the Senate.

The Real Cost Of Owning A Car Today

New car owner analysis from Insurify finds drivers spend an average of $5,851 a year on insurance, gas and maintenance alone, separate from financing costs.

Oil Surges As Saudi Arabia Loses A Key Route Around Hormuz

Oil prices are climbing again after Saudi Arabia shut down a critical pipeline that has served as a major alternative route around the Strait of Hormuz.

Canada Makes A Big Pitch For Global Investment

Canada is rolling out the welcome mat for some of the world’s biggest investors as Prime Minister Mark Carney tries to attract billions of dollars.

Ai’s Biggest Names Are Suddenly Saying Slow Down

The AI race is moving so quickly that some of its biggest leaders are now calling for a change of pace.