freight-rail
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Matt Soule
Matt Soule is the founder and CEO of Parallel Systems, a Los Angeles company building autonomous, battery-electric railcars that move freight in small, self-propelled platoons instead of behind diesel locomotives. A former SpaceX avionics leader who once ran a 300-person department, Soule started Parallel in 2020 to pull short-haul freight off congested highways and onto underused rail. The company has raised more than $91 million, secured a Federal Railroad Administration pilot near the Port of Savannah, and aims to convert a slice of the $700 billion U.S. trucking market to cleaner rail.
Remora
Remora is a Detroit-area climate-tech company that bolts carbon capture onto the things already burning fuel - semi-trucks and freight locomotives - instead of building giant plants to pull CO2 back out of the sky. Its zero-backpressure device threads exhaust through proprietary adsorbents, captures up to 90% of the CO2, reduces soot and NOx to Tier 4 levels, then liquefies the gas to be sold into a supply-constrained industrial CO2 market. Operators share the revenue, so cutting emissions becomes a line item that pays rather than one that costs.