Parallel Systems closed a $100 million Series C led by AVP to scale production of its Panther rail vehicle and expand into international markets.
- Amount
- $100M
- Stage
- Series C
- Announced
- 7 October 2026
- Lead
- AVP
- Other investors
- Hillspire, Agility Global, Cobalt Capital, Anthos Capital, Congruent Ventures, Riot Capital, Collaborative Fund
- Use of funds
- Accelerate Panther vehicle production scale-up, full commercialization, and international market expansion.
- Total raised
- $200M to date
- Checked
- Announced by the company