GIC led a $140m Series E funding round in Zum.

GIC, a private equity firm, led a $140m Series E funding round in Zum, an American student transportation services company, with participation from Sequoia and SoftBank Vision Fund 2. "Zum is on a mission to revolutionize student transportation, moving beyond the status quo towards a future where innovative technologies are used to advance sustainability efforts. Securing this latest round of funding, especially in a challenging economic climate, is a resounding vote of confidence in our vision and ability to execute. This investment marks a pivotal moment in our journey, empowering us to turn school buses into powerful tools for environmental change," Ritu Narayan, Zum Founder and CEO.