CA-based Zum secures $140million in series E round funding. GIC led the round, which increased the total to $350M.
Participating were Climate Investment as well as current investors Sequoia and SoftBank Vision Fund 2. The funds will be used by the company to expand its AI-powered technology platform more quickly.
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Under the direction of its founder and CEO, Ritu Narayan, Zum offers school districts a carbon-neutral student transportation service platform designed with children’s needs and contemporary families’ expectations in mind.
In order to securely transport children via EV electric buses, it provides a single real-time interface for parents, drivers, schools, districts, administrators, and operators.
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Ritu Narayan said: “Securing this latest round of funding, especially in a challenging economic climate, is a resounding vote of confidence in our vision and ability to execute. This investment marks a pivotal moment in our journey, empowering us to turn school buses into powerful tools for environmental change.”
About Zum
Zūm has completely rethought the way students are transported. They are a rapidly expanding company seeking highly intelligent individuals who are driven to improve the biggest mass transit system in the country and significantly impact children, educators, parents, and caregivers.
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