Zūm, a Redwood City, Calif.-based modern student transportation company, raised $130m in Series D funding.
The round was led by Softbank Vision Fund 2, with participation from existing investors including Sequoia and BMW i Ventures. Andrew Straub of Softbank Investment Advisers will join the board of directors.
The company will use the new capital to expand its service across new markets and districts while adding new electric vehicles to its platform as it delivers on its 100% EVs by 2025 commitment.
Led by Ritu Narayan, CEO and Co-Founder, Zum is a cloud-based platform that provides a real-time interface for parents, drivers, schools, districts, administrators, and operators, to transport children safely and with increased visibility and personalized care.
The company has already serves 4,000 U.S. schools with plans to expand to servicing 12 states, up from the current four.
FinSMEs
07/10/2021