TPG Leads $100M Investment in Zum at $1.7B Valuation
Private equity firm TPG has led a $100 million investment into Zum, valuing the student transportation company at approximately $1.7 billion through its Rise Fund. This marks an increase from Zum's previous valuation of $1.3 billion in early 2024 and brings its total funding to $430 million.
Topics: electric vehicles impact investing private equity student transportation sustainable infrastructure