Zeelo acquires UK-based school transport specialist Kura
Summary
However, Zeelo recently announced a $14 million fundraising to further UK profitability and drive rapid expansion in the US. Founded in the UK in 2010, Kura has developed the SaaS and TaaS (thats transport as a service) platform, providing enhanced safeguarding features designed to provide schools and colleges with safe, efficient and sustainable transportation programs. Sam Ryan, co-founder and CEO of Zeelo, said: "After our recent $14 million fundraising announcement, Im delighted to share the news of further growth through the acquisition of Kura. This is the first of many M&A opportunities to play an important role in our growth strategy as we continue to scale in the UK and US markets." Investment will also continue in the electrification of bus programs, with Zeelo aiming to transition all services to net-zero emission battery-electric vehicles by 2030.