In an effort to reduce the 8.4 million metric tons of greenhouse gas (GHG) that diesel school buses emit annually, Zum launched the Net Zero initiative, a program rooted in creating a safer, healthier, more sustainable planet. The new investment by Softbank will support the company's plans to expand to 10,000 EVs on its platform, putting the company on track to achieve its 100% EV by 2025.
Zūm, which already operates its rideshare-meets-bus service in Oakland, much of Southern California, Seattle, Chicago and Dallas, will be responsible for handling day-to-day operations, transporting 3,500 students across 150 school campuses starting this fall semester.
Ridesharing isn’t just for transporting teenagers and adults anymore. Zūm, a ridesharing startup for kids, just raised a $40 million Series C round led by BMW i Ventures with participation from Spark Capital, Sequoia Capital and Volvo Cars Tech Fund. This brings the company’s total fund…
