NEW YORK, April 16 : Private equity firm TPG has made a $100 million investment in Zum, in a deal that values the student transportation company at around $1.7 billion, Zum told Reuters on Thursday. The valuation marks an increase from Zum's 2024 Series E funding round, when it was valued at $1.3 billion, and follows the company reaching breakeven adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), Zum said. The investment is being made through TPG’s Rise Fund,