Zum Raises $100 Million From TPG to Accelerate Zum’s Connected Mobility Experience (CMX) and for Continued Growth and Expansion

Zūm, the leader in Connected Mobility Experience (CMX™), today announced a $100 million strategic investment from TPG, bringing the company’s total funding to $430 million and valuing Zum at $1.7 billion. TPG is making its investment through The Rise Funds, the multi-sector strategy of its global impact investing platform, and in connection with the investment, Steve Ellis, a Managing Partner of The Rise Funds, will join Zum’s Board of Directors. 

The funding follows the introduction of the Zum CMX platform, a Connected Mobility Experience designed to address the fragmentation, delays, and lack of visibility that have long defined student mobility. New research unveiled today identifies that 54% of parents report their child experiences worry or concern about school transportation — contributing to what Zum calls a nationwide “Transportation Anxiety Crisis” — and roughly $15 billion educational loss a year.

Together, these developments reflect a growing recognition that while transportation moves vehicles, mobility is about moving people, and that daily experience has remained largely unchanged for decades.

“Every day, millions of students depend on systems that were never designed to work in real time,” said Ritu Narayan, Founder and CEO of Zum. “Zum CMX is our answer — a system we have been building and refining across 4,500 schools that brings visibility, coordination, and reliability to daily mobility. This funding allows us to accelerate what we know works and bring it to every student in America.”

“TPG invested in Zum because it’s the leading innovator in one of the largest and most underserved critical transportation markets in the country,” said TPG’s Steve Ellis. “By fundamentally redesigning how student mobility is managed in real time, Zum’s fully integrated AI powered system is delivering measurable gains in reliability, efficiency, and outcomes for students, their families, and school districts across the country.”

The $100 million investment will accelerate:

• Expansion of Zum CMX across additional school districts nationwide
• Continued investment in AI-driven coordination and predictive operations
• Scaled infrastructure to support large-scale, real-time mobility systems

The investment coincides with the inaugural Zum Mobility Symposium in Sunnyvale, CA, where school district leaders, policymakers and researchers will gather to discuss the future of student mobility. At the event, Zum will formally introduce CMX as a new category and unveil research from NORC at the University of Chicago.