Student transportation startup Zum raises $130 million

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Zoom Services, a Redwood City, California-based student transportation startup, raised $130 million at an $800 million pre-money valuation led by SoftBank.

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why it matters: School bus transport has become a nationwide problem, due to driver shortage, even with some states call in National Guard to help.

  • It is also a major expense for school districts, second only to salaries. Zum wants to help in both areas by reducing inefficiencies that can result in half-finished buses making round trips.
  • other investors These include Sequoia Capital and BMW iVenture.

Bottom-line: “Zoom uses software developed to help schools share infrastructure with other nearby districts, deploy appropriately sized vehicles, create efficient routes, and adapt to the changing transportation needs of families. In addition to technology, Zoom offers a range of vehicle sizes from buses to vans and cars, and is moving towards having an all-electric fleet.” – Cromwell Shubarth, SV Business Journal



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