Dallas, TEXAS, November 21, 2022 – Railspire, a company that retrofits locomotives for autonomous driving, today announced it has signed its first customer agreement with a central California shortline railroad that carries thousands of carloads annually and that interchanges with BNSF Railway and Union Pacific.
“Securing our first customer just a short period of time after our proof of concept field demonstrations proves how in demand and valuable our technology is to the industry,” said Lester Hightower, co-founder and board chairman of Railspire. “We look forward to delivering a tangible return on investment to our first customer and to continuing to add customers in the coming weeks and months.”
Earlier this month, the company announced a $6.1 million fundraise. Since the company’s founding in September 2020, Railspire has raised more than $11.5 million.
For more information, visit www.railspire.com.
Railspire retrofits locomotives with artificial intelligence and machine learning software for autonomous driving. The company was founded in 2020 by three railroading experts, two of whom are the world’s preeminent autonomous rail technologists. Railspire’s autonomous locomotive driving technology helps railroads operate with better safety, efficiency and productivity. For more information, visit www.railspire.com.