Zum
Financials
Estimates*
USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|
Revenues | 26.0m | 49.8m | 49.8m | 49.8m | 34.8m | 47.2m |
% growth | - | 92 % | - | - | (30 %) | 36 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$2.3m | Seed | ||
N/A | Series A | ||
$5.5m | Series A | ||
$19.0m | Series B | ||
* | $40.0m | Series C | |
$130m Valuation: $930m | Series D | ||
* | $140m Valuation: $1.3b | Series E | |
* | $32.0m | Grant | |
Total Funding | CAD503m |
Related Content
Recent News about Zum
EditZum is a rapidly growing startup that provides a comprehensive, technologically advanced transportation solution primarily for school children. The company operates in the school transportation market, offering a service that is both efficient and environmentally friendly, with a fleet of vehicles that includes electric options.
Zum's business model is centered around a cutting-edge platform that uses analytics to optimize operations. This platform includes an app that provides transparency for parents, drivers, and schools, allowing them to track the location of the bus and the children on board. This not only ensures the safety of the students but also saves time and costs for the schools and parents.
In addition, the platform also provides tools for drivers and operators to manage fleets and staffing efficiently. It offers optimized routes to avoid traffic and instructions for individual student care. Schools and districts can securely track all student rides and stay in sync with drivers and parents, further enhancing the efficiency of the service.
Zum's revenue is likely generated through contracts with schools and districts, as well as fees charged to parents for the use of the service. The company's focus on safety, transparency, cost and time savings, and sustainability sets it apart in the market and contributes to its rapid growth.
Keywords: School Transportation, Technology, Safety, Transparency, Cost Savings, Time Savings, Electric Vehicles, Carbon Neutral, Fleet Management, Student Care.