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HomeFunding CA-based Zum Secures $140Million in Series E Round Funding

[Funding alert] CA-based Zum Secures $140Million in Series E Round Funding

CA-based Zum secures $140million in series E round funding. GIC led the round, which increased the total to $350M.

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.

Read also – CA-based Portal Secures $34Million in Seed Funding

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.

Read also – FL-based Kore.ai Secures $150Million in Funding

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.

Read also – MA-based Inari Secures $103Million Funding

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