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BMW i Ventures announces investment in Zūm -Cars Automobiles

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Hanging apps from Ride seem to be pretty fashionable these days, but if you ever wanted to use one and you had a little kid with you, a limitation might hit your ugly head. In most countries, you have to order a special type of Uber or one of its rivals, which has a child seat for this purpose. Well, it looks like there's already an app for such services called Zūm. This service is aimed directly at children, and it has just been able to collect around $ 40 million in a round that is run by BMW i Ventures,

Zūm is currently the leading provider of safe and reliable student transportation for school districts and working families. The company, which is celebrating its fourth birthday this month, wants to become the world's safest and largest child transportation provider. With this new investment, it could be very close to this goal. In addition to BMW i Ventures, Spark Capital and Sequoia Capital added the estimated value of the company to $ 70 million.

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"Zūm has proven to be a force to be reckoned with in a market with many untapped opportunities," said Ulrich Quay, managing partner of BMW i Ventures. "Her leadership is strong not only because of her desire to help working families, but also because they have families of their own and understand the need for better transportation for children today. We are proud to support Zūm and look forward to seeing the momentum as it continues to bring funds to schools. "

So far, Zūm has been a partner of 150 schools, catering to the needs of more than 500,000 students. The new funds will be used to expand Zūm's business model and expand school partnerships across the country as the company works to double its presence in the 2019-2020 school year. The financing will also support the further development of Zūm's proprietary technology, such as: For example, state-of-the-art GPS vehicle tracking and real-time system dashboards for school districts make fully visible a child's commuting for greater safety and efficiency.

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