Zum Stock

ridezum.comTransportation / RidesharingFounded: 2015Funding to Date: $347MM

Zum partners directly with school districts to manage student transportation, including getting kids safely to and from school, providing visibility to parents, and planning for routing and scheduling, all in an end-to-end solution: the Zum app. School districts use Zum to track and plan vehicle rides and to analyze performance and service data. This company was founded in 2015 and is headquartered in Redwood City, CA.

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Team

Management Team

Abhishek Garg Ph.D
Co-Founder & Chief Technology Officer
Vivek Garg
Co-Founder & Chief Operating Officer
Ritu Narayan
Co-Founder & Chief Executive Officer
Rohit Jain
Chief Product Officer
Jason Kim
Chief Financial Officer

Board Members

Bryan Schreier
Sequoia Capital
Nabeel Hyatt
Spark Capital
Baris Guzel
BMW i Ventures
Andrew Straub
SoftBank Investment Advisers

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News Highlights

Zum Fast-Tracks Revolution To Modernize School Transportation With $140M Funding Round Led by GIC

Zūm, the leading provider of modern student transportation, today announced a $140 million Series E funding round. This new funding round was led by GIC, a leading global investment firm. Climate Investment, a decarbonization investor, and existing investors including Sequoia and SoftBank Vision Fund 2 also participated in the round, elevating the company's valuation to $1.3 billion—a significant increase from its previous series D raise in Oct 2021. This round brings Zum's total fundraise to $350 million.

Zum Accelerates Plans To Modernize School Transportation With $130M Series D Led by Softbank Vision Fund 2

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 Wins $150M from San Francisco Schools to Modernize and Electrify Student Transport

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.
Updated on: Jun 22, 2024

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Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.