Mexican Media Brands
BMW, Volvo Invest in Ride-Sharing Startup
Zum, a Silicon Valley-based startup ride-sharing service for children, says it has raised $40 million from investors that include BMW and Volvo Cars.
Share
Zum, a Silicon Valley-based startup ride-sharing service for children, says it has raised $40 million from investors that include BMW and Volvo Cars.
Founded in 2015, Zum provides a smartphone app that facilitates rides for students to and from school-sponsored activities. Drivers must have child care experience, a clean driving record and are subjected to multiple background checks.
Vehicles must pass a 22-point inspection before being approved. Volvo says it may provide vehicles to drivers in the future. Parents and schools can track scheduled trips via a smartphone app and online dashboard.
Zum says it currently operates in 400 California cities, serving more than 2,000 schools. The company plans to use the new funding to expand to other states and to refine its proprietary route-planning algorithms and machine learning technology.
RELATED CONTENT
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
-
Cobots: 14 Things You Need to Know
What jobs do cobots do well? How is a cobot programmed? What’s the ROI? We asked these questions and more to four of the leading suppliers of cobots.
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable
