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Transporttech Company Zeelo Acquired UK-based Kura

Feb 2, 2024 | By Startup Rise EU

Transporttech Company Zeelo Acquired UK-based Kura. a specialist in school transportation and transport safeguarding software.

Transporttech Company Zeelo Acquired UK-based Kura. a specialist in school transportation and transport safeguarding software.

The acquisition furthers Zeelo’s position as the UK market leader in the Corporate and Education transportation markets with the news coming after a recently announced $14m fundraise to further UK profitability and drive their rapid expansion in the US.

Read also - Traveltech Company Amadeus Acquired Vision-Box

Founded in the UK in 2010, Kura is a market leader in the Education transportation space, with its technology consisting of a SaaS and TaaS platform, providing enhanced safeguarding features designed to provide Schools and Colleges with safe, efficient and sustainable transportation programs. Kura also provides employee shuttle and Charter transport services for companies across the UK.

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Sam Ryan, co-founder and CEO of Zeelo, said: "After our recent $14 million fundraising announcement, I'm delighted to share the news of further growth through the acquisition of Kura. We were impressed with the world-class technology and the high-quality service delivery provided by the Kura team. Their complimentary business model will further accelerate our profitability in the UK. This is the first of many M&A opportunities to play an important role in our growth strategy as we continue to scale in the UK and US markets."

Godfrey Ryan, CEO of Kura, said: "This is a fantastic outcome for the Kura team, and we're delighted to join forces with Sam and the team at Zeelo. From day 1, Kura has had the vision to provide sustainable, efficient and safe transportation programs for our clients, and I know the Zeelo team shares this vision. I'm excited to work as one team as we continue serving our fantastic customers across the UK."

The acquisition further supports Zeelo’s growth strategy and widens their product offering to clients. As part of the acquisition, customers can now utilize a dedicated charter team for team events, transfers and school trips as well as benefiting from Kura’s innovative SaaS offering, designed to digitize existing bus operations and provide their clients with the latest safeguarding features.

Read also - Switzerland-based Spiden Secures $15Million in Additional Funding

They plan to continue to invest in SaaS product development and are already piloting the offering with corporate clients and fleet operators across the US market as part of their exciting expansion plans.

About Zeelo

Zeelo is the leader in commuting solutions, helping organisations operate and optimise their transportation services. Here at Zeelo, the smart shuttle platform, Their programs are designed to get people to work and school in a smarter, faster, safer, greener and more reliable way.

Read also - Stockholm-based Version Lens Secures Pre-Seed Round Funding

About Kura

Kura means safer, greener, smarter travel for schools and businesses. By combining proprietary, leading-edge technology with the best vehicle operators, Kura enables organisations across the UK to maximise the safety, wellbeing, and productivity of their students, customers and staff.

Read also - Hamburg-based airfocus Secures $7.5Million in Funding

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