Zum Fast-Tracks Revolution To Modernize School Transportation With $140M Funding Round Led by GIC
Summary
Investment Boosts Deployment of AI Technology And Electrification for a Greener FutureREDWOOD CITY, Calif., Jan. 31, 2024 /PRNewswire/ -- , the leading provider of modern student transportation, today announced a $140 million Series E funding round. This round brings Zums total fundraise to $350 million.Zum has transformed the outdated student transportation industry, previously riddled with inefficiencies and a lack of transparency, through its innovative approach to digitization and electrification. "Zum is rapidly reinventing the student transportation industry bringing great improvements in quality, efficiency, and sustainability through software and electrification," stated Bryan Schreier, Partner, Sequoia Capital. Zum provides one seamless, real-time interface for parents, drivers, schools, districts, administrators, and operators to transport children safely and with increased visibility and personalized care. As the manager of Singapores foreign reserves, GIC takes a long-term, disciplined approach to investing and is uniquely positioned across a wide range of asset classes and active strategies globally.