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Podcast: One Thing Today in Tech
Episode: Former SpaceX engineers announce electric train startup; GM expands H2 tech; SaaS Labs, Rocketlane raise funding
Description: Parallel Systems, a company founded by former SpaceX engineers to reimagine the railroad system, has raised $49.55 million in Series A funds to build autonomous battery-electric rail vehicles that move freight, the company said in a press release yesterday; Meanwhile GM said it is expanding its hydrogen fuel cells beyond vehicles to power homes, offices and malls.
Former SpaceX engineers’ startup out of stealth with electric rail
Parallel Systems, a company founded by former SpaceX engineers to reimagine the railroad system, has raised $49.55 million in Series A funds to build autonomous battery-electric rail vehicles that move fr...