Generate Capital (“Generate”), a leading investor, owner and operator of critical infrastructure today announced the expansion of its financing partnership with Zum, a technology-driven student mobility company, to support the continued growth and modernization of school transportation across the United States.

Since closing its first transaction with Zum in 2024, Generate Private Credit has financed approximately $75 million in school bus deployments, supporting more than 500 buses across five school districts in three states. The partnership began with Zum’s operations in Omaha and Millard, Nebraska and expanded in 2026 to support its growing footprint in Fresno, California, and Seattle, Washington.

The financing will help Zum expand its fleet and supporting infrastructure as it brings modern, technology-enabled student transportation to more communities. Today, Zum serves more than 7,500 schools across 19 states, combining its growing physical infrastructure with Zum CMX™, its unified, AI-powered operating system purpose-built for student mobility.

“Growing up in rural Appalachia, I spent close to two hours every school day on a yellow bus. Zum’s mission to modernize that experience for students in all parts of the country resonates with me personally,” said Ryan Miller, Managing Director, Private Credit, Generate. “By combining technology with fleet electrification, Zum is helping school districts deliver more reliable, efficient transportation while managing costs. We’re proud to provide the capital needed to support its expansion and bring modern student transportation to more communities.”

Mobility accounts for roughly 30% of U.S. greenhouse gas emissions, making the sector a critical component of the transition to a lower-carbon economy. Generate’s partnership with Zum reflects its approach to financing essential infrastructure that delivers both economic and environmental benefits.

“Access to education begins with being able to get to school safely and reliably every day,” said Ritu Narayan, Founder and CEO of Zum. “Generate Capital has been an important partner in helping Zum build the infrastructure to deliver on that mission while accelerating the transition to cleaner, more sustainable student mobility. Their continued investment reflects the strength of our partnership and the scalability of Zum’s model as we expand nationwide. Together, we are building a modern mobility system that delivers for students and families today while creating cleaner, more resilient communities for the future.”

By combining Generate’s long-term infrastructure capital with Zum’s technology, operations and school district partnerships, the companies are helping scale a more efficient and sustainable student transportation model. The expanded partnership underscores the role of private capital in modernizing essential educational infrastructure while accelerating the electrification of school bus fleets.

About Generate Capital

Generate Capital is an investor and operator providing reliable and affordable energy and infrastructure solutions to customers and communities. Founded in 2014, Generate develops, finances, builds, owns and operates critical infrastructure that helps customers access reliable power and essential services in an increasingly constrained world. With expertise across technologies and infrastructure sectors, Generate combines flexible capital with hands-on operating capabilities to deliver solutions tailored to customer needs. Since inception, Generate has raised more than $10 billion in capital and built a proven track record across critical infrastructure assets.

For more information, visit www.generatecapital.com.

About Zum

Zum is redefining mass mobility with Zum Connected Mobility Experience (CMX), a fully integrated, intelligent system which connects and coordinates people, vehicles, and operations in real time to deliver a reliable, transparent, and efficient mobility experience. Zum is also advancing the transition to electric mobility, turning school buses into mobile energy assets that can support a cleaner, more resilient grid. Today, more than 7,500 schools in 19 states have relied on Zum CMX™.

Learn more at www.ridezum.com.

Media gallery

About The Author
Business Wire