Zūm raises $130M to modernize student transportation

Zūm, a startup that provides transportation services for school-age children, has announced the close of a $130 million Series D raise, bringing its total funding to more than $200 million. The company intends to use the funds to add 10,000 new electric buses, vans and cars to its platform with the end goal of achieving 100% EVs by 2025. Currently, the company’s fleet has 1,000 vehicles, and they’re mainly all internal combustion engine vehicles.

Source: Techcrunch