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
-
Choosing the Right Fasteners for Automotive
PennEngineering makes hundreds of different fasteners for the automotive industry with standard and custom products as well as automated assembly solutions. Discover how they’re used and how to select the right one. (Sponsored Content)
-
on lots of electric trucks. . .Grand Highlander. . .atomically analyzing additive. . .geometric designs. . .Dodge Hornet. . .
EVs slowdown. . .Ram’s latest in electricity. . .the Grand Highlander is. . .additive at the atomic level. . .advanced—and retro—designs. . .the Dodge Hornet. . .Rimac in reverse. . .
-
Global Supply of Automotive Fasteners from a Single Source
PennEngineering offers a global supply for a wide range of fasteners for the automotive industry, including China-based facilities that manufacture standard and custom products to world-class standards of quality at lower cost.
