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Zum Recognized by White House for Student Transportation Modernization and Sustainability Efforts

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Heather Boushey, Chief Economist for the Invest in America Cabinet, Discusses Announcement of $90M for Clean School Buses in California

SAN FRANCISCO, March 4, 2024 /PRNewswire/ — Today, Heather Boushey, the Chief Economist for the Invest in America Cabinet at the White House, met with executives and staff at Zūm, the leader in modern student transportation.

The visit, which took place at Zum’s San Francisco bus yard, included a tour of Zum’s state-of-the-art facilities, a ride on one of Zum’s electric buses, a meeting with leadership, including Zum Founder and CEO Ritu Narayan as well as a robust roundtable discussion on the importance of the acceleration of the transition to electric school buses with Kevin Gong, EPA Pacific Southwest Region; Lisa Grant Dawson, Oakland Unified School District; Kim Raney, Oakland Unified School District; Arcadio Fokin, San Francisco Unified School District; Garth Saloner, Stanford Graduate School of Business; Dan Lashof, World Resource Institute; Sharon Lai, World Economic Forum; Ram Rajagopal, Stanford Sustainable Systems Lab; Tor Larson, Calstart; and Darlene Chiu Bryant, Global SF.

Boushey highlighted the Biden-Harris Administration’s recent announcement of nearly $90 million across California for clean school buses as part of the Investing in America Agenda.

“We were honored to host Heather Boushey to demonstrate how Zum’s proprietary technology is transforming the $50 billion student transportation industry, providing a revolutionary connected platform, increased safety, and a commitment to equity and sustainability,” Narayan said. “We commend the Administration for its historic investments in the electrification of transportation and supporting our vision of a better, healthier future for our children.”

“Since day one of this Administration, President Biden has committed to growing the economy from the middle-out and bottom-up. He passed historic legislation – the American Rescue Plan, the Bipartisan Infrastructure Law, the Inflation Reduction Act, and the CHIPS and Science Act – all of which make up his Investing in America agenda,” Boushey said. “And it is rebuilding our infrastructure, lowering costs, and creating opportunities for families, workers, and small businesses. The EPA’s Clean School Bus Program Grants Competition will boost our economy, create good-paying jobs, and improve air quality for children and their families.” 

In January, the EPA announced that Zum would receive over $26.5 million through the EPA’s first Clean School Bus Program Grants Competition. The grant will help Zum’s school district partners electrify their school bus fleets. Additionally, Zum recently announced a $140 million funding round that will be used to accelerate the expansion of Zum’s AI-driven technology platform, a key tool in the company’s effort to fully decarbonize the school bus industry and provide schools with advanced technology to deploy more sustainable mobility options.

Thousands of schools across the country have partnered with Zum for school transportation, including Los Angeles Unified School District, the second-largest district in the country; San Francisco Unified School District; Seattle Public Schools; Howard County Public Schools; Oakland Unified School District; and Metro Nashville Public Schools.

In San Francisco, students, schools and families are experiencing the benefits of Zum:

98% of Zum’s buses arrive on time.Bus occupancy and ridership is at an all time high, an average 80%.The amount of time students spend on the bus has been reduced by 25%. This ensures students get more rest in the morning and participate in important after school activities.The school district has saved $3 million per school year – $15 million over the course of a five-year contract. These are resources that can go back into the classroom and after school activities and academic programs.The bus fleet size has been reduced by 20%. This drives down the environmental impact by having fewer diesel buses on the road.Above all, with the recent EPA Clean School Bus Program and State of California grants, Zum is able to expand its electric fleet and infrastructure in San Francisco and Oakland Unified. With over 280 electric chargers installed, and up to 120 electric school buses arriving in the coming school year, Zum is pacing towards its goal of transitioning San Francisco Unified School District and Oakland Unified School Districts to fully electric fleets by the end of the 2026-2027 school year.

“Clean school buses are a win for our students, our community health, and for our planet. In Oakland, we are all in for the green economy, with equity leading the way to better jobs, cleaner air, and climate progress,” Oakland Mayor Sheng Thao, “Federal bipartisan infrastructure funding has helped us leverage State and regional funding to build green energy, improve public transportation and maritime and shipping operations, and add jobs. Oakland values its partnership with the Biden Harris administration to keep enhancing our clean and green community.”

“The work Zum has been doing in our community has been invaluable to the health and well-being of Oakland,” said Superintendent Dr. Kyla Johnson-Trammell. “We have partnered with Zum since the beginning because we saw the potential. The quiet, green buses get our students to school ready to learn, and they are improving the air quality of our city dramatically. That is good news for our students, families, staff, and all city residents. Oakland has long dealt with poor air quality because of the proximity to freeways and other sources of pollution. OUSD is thrilled that we can do our part to cut down on dirty air by using Zum buses to transport our students. We look forward to working with state and federal leaders to increase the use of this kind of transportation here and across the country.”

Founded and led by a first-generation immigrant and mother, Ritu Narayan, Zum is reimagining the yellow school bus system.

On top of transitioning to EV fleets, Zum has pioneered vehicle-to-grid (V2G) technology that will send stored energy from EV school buses back to the city’s electrical grid. V2G at scale will lower peak energy demands, eliminate the need for costly and pollutive peaker plants and reduce the health risks associated with diesel buses. 

To learn more about how Zum is working with thousands of schools across the nation to deliver safe, reliable, zero-emission, and modern student transportation, please visit Zum’s website.

About Zum:
Zum has reimagined student transportation, the nation’s largest mass transit system, and developed sustainable ways to charge the grid. Zum’s robust operations and integrated end-to-end cloud-based platform provides a modern student transportation service for school districts purpose-built around the needs of kids and the expectations of modern families. Zum provides one seamless, real-time interface for parents, drivers, schools, districts, administrators, and operators to transport children safely and with increased visibility and personalized care. Always investing in the wellbeing of communities, Zum is also the only carbon neutral student transportation provider in the nation with plans to go Net Zero with its transition to EV electric buses. Zum is available nationwide, serving more than 4,000 schools across the U.S. Learn more at www.ridezum.com.

CONTACT:
Jenny Mayfield, Vice President of Communications – press@ridezum.com

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De¹ Introduces Tokenized Asset World on BNB Chain, Developing Financial Intelligence Across the Full RWA Financial Landscape

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October 19, 2026

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NEW YORK, Oct. 19, 2026 /PRNewswire/ — De¹ is launching Tokenized Asset World on BNB Chain, the first domain-specific world under its Financial World Model (FWM). It introduces specialized financial intelligence designed to understand the full onchain RWA landscape, from trading and collateral to borrowing, credit, liquidation and agent activity, and apply that knowledge to real financial decisions.

Traditional finance moves assets through separate networks of brokers, custodians, clearing systems and lenders. Each institution sees a different part of the lifecycle, while transfers, reconciliation and collateral requirements add friction to capital deployment. Bringing assets onchain makes financial activity more programmable, but it does not automatically connect the knowledge held across trading, financing and risk systems.

De¹ is establishing Tokenized Asset World on BNB Chain, where that real-assets financial ecosystem already unfolds in live markets. PancakeSwap, ListaDAO, Venus, Binance Agent OS and BNB Agent SDK span public trading, collateralized lending, structured credit and authorized agent activity. These activities produce distinct signals: executed prices, liabilities, vault constraints, liquidations and the outcomes of agent actions.

Tokenized Asset World brings fragmented financial knowledge into a coherent, learnable model of the full RWA landscape. The domain model is designed to understand the relationships and consequences across financial operations, with verified execution outcomes continuously refining De¹’s understanding of onchain financial physics. This introduces a new layer of intelligence to BNB Chain, enabling a more complete understanding of the tokenized-asset stack across trading, collateral, credit, vaults and agent activity.

AI agents can tap into this intelligence to operate across tokenized-asset markets with a more comprehensive view of liquidity, borrowing conditions, collateral exposure and liquidation risk as a whole. This deeper market understanding could raise more sophisticated strategies, execution and risk decisions. Each agent interaction, in turn, generates new evidence for the model, creating a continuous feedback loop between financial intelligence and live market execution while strengthening De¹’s broader Financial World Model.

About De¹

De¹ is the intelligent infrastructure platform at the intersection of DeFi and AI, building the Financial World Model grounded in live execution and real market feedback. It serves developers, traders, institutions, and AI agents through intelligent execution, unified liquidity, reinforcement learning optimization, and a continuously evolving data flywheel.

Contact: Marketing, pr@de1.ai

View original content:https://www.prnewswire.co.uk/news-releases/de-introduces-tokenized-asset-world-on-bnb-chain-developing-financial-intelligence-across-the-full-rwa-financial-landscape-302912966.html

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Plata reaches $1 Billion ARR Milestone, becoming the fastest digital bank ever

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October 19, 2026

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The Mexico based digital bank shatters traditional digital banking scaling timelines, reaching a $1 Billion Annual Recurring Revenue  in less than 3.5 years from launch

MEXICO CITY, Oct. 19, 2026 /PRNewswire/ — Plata, the world’s fastest growing digital financial institution, today announced that in September 2026 it has crossed $1 billion in Annual Recurring Revenue (ARR), reaching the milestone in less than 3.5 years from launch in April 2023 and less than a year after receiving its full banking license. Plata´s growth makes it the fastest digital bank in history to reach this benchmark, and puts it on par with some of the world’s fastest growing leading AI companies, underlining Plata’s own AI and tech capabilities.

Plata reaches this goal after having reached more than 4 million customers in Mexico and having launched operations in Colombia at the beginning of September. In Mexico, Plata is now the fourth credit card issuer in the country by number of customers, and the only digital bank with a full product suite including credit, debit, investments, and small business banking. Plata’s growth is also nearing profitability, which is expected to be reached for its Mexico business within the next 6 months.

Plata changed the rules by building a universal financial platform powered by its own technology from day one. By setting up its core banking system, the company proved that regulated financial institutions can scale at AI-like speed without undermining operating performance.

“By building our own technology from scratch, we proved that a bank can move at AI company speed without compromising anything. Now we are ready to accelerate our innovation, make finance effortless and accessible for everyone.” Neri Tollardo, CEO of Plata.

As digital adoption accelerates across Latin America, Plata´s performance sets a new benchmark for financial infrastructure scaling, financial adoption, and operational efficiency in emerging markets.

About Plata

Plata is the fastest-growing financial institution in Latin America and the largest private digital bank by customer volume. In less than three years, we reached a valuation of $3.1 billion with 4 million active credit card customers and crossed $1 billion in Annual Recurring Revenue (ARR). Backed by $1.5 billion in equity investment, 1.5 in financing, and a workforce that includes 800 in-house developers, in Banco Plata we have built our own technological ecosystem, which includes a core banking system, CRM, and an app focused on simplifying the financial experience.

View original content:https://www.prnewswire.com/news-releases/plata-reaches-1-billion-arr-milestone-becoming-the-fastest-digital-bank-ever-302912970.html

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Trends International Announces Kenneth Smith as President and Chief Executive Officer

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33 minutes ago

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October 19, 2026

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Experienced executive to lead company’s next phase of retail, digital commerce and strategic growth

INDIANAPOLIS, Oct. 19, 2026 /PRNewswire/ — Trends International, LLC, a leading publisher and manufacturer of licensed posters, calendars, stickers, wall art and social stationery products, today announced that Kenneth Smith has been appointed President and Chief Executive Officer, effective May 2026.

Smith will spearhead the company’s overall strategic direction and growth initiatives across its retail, wholesale, e-commerce, licensing and direct-to-consumer businesses. In his role, Smith will oversee Trends International and its portfolio of digital businesses, including Art.com and AllPosters.com.

Smith’s appointment comes as Trends International enters a new phase of expansion focused on broadening its retail presence, accelerating e-commerce, strengthening strategic customer relationships, developing new products and licenses, and pursuing partnerships and business opportunities.

“I am honored to lead Trends International and build on the strong foundation established by the company, its founders and its talented employees,” said Kenneth Smith, “We have an exceptional portfolio of brands, licenses, products and customer relationships, and we see significant opportunities to grow the business. Our focus will be on strengthening our retail partnerships, accelerating our digital businesses, developing innovative products and creating new strategic opportunities that deliver value for our customers, consumers, licensors and partners.”

Expanding Retail and Digital Footprint
Under Smith’s leadership, Trends International will continue to invest in its core retail business while broadening its digital commerce capabilities.

The company is focused on deepening relationships with major retailers, expanding distribution, improving merchandising, and developing new product platforms designed to create incremental sales opportunities.

Trends will also continue to build Trends Digital, bringing together the company’s e-commerce capabilities and creating a platform for future digital growth and potential e-commerce acquisitions.

The company’s digital portfolio includes Art.com and AllPosters.com, providing consumers with access to millions of images, posters, prints, wall art, and complementary décor.

“Trends has a tremendous opportunity to build upon its heritage while positioning the company for the future,” Smith said. “We are focused on growth, but equally important is how we achieve that growth — through strong customer partnerships, disciplined execution, innovation and a culture that empowers our people to succeed.”

Strategic Priorities
Smith’s leadership agenda includes several key areas of focus:

Retail growth — Expand relationships and sales with major national retailers and specialty channels.Product innovation — Develop new product formats, displays and seasonal programs that create incremental retail opportunities.Digital commerce — Accelerate the growth of Trends Digital, Art.com and AllPosters.com.Strategic partnerships — Forge new licensing, brand and business partnerships that expand the company’s market opportunity.Operational excellence — Improve organizational alignment, processes, technology, and execution across the company’s businesses.Talent and culture — Build a high-performing organization focused on accountability, innovation, customer service and sustainable growth.

“Kenneth brings a strong combination of leadership, customer focus and business development experience to Trends International,” said Phil St. Jean, Founder and Co-Executive Chairman of Trends International. “His vision for the company and his commitment to our customers, employees and partners make him the right leader for this next chapter. We are excited about what the future holds for Trends International and its businesses.”

About Kenneth Smith
Kenneth Smith is an experienced business executive with a background in sales leadership, strategic account development, business development, customer relationships, and organizational transformation. Throughout his career, Smith has focused on developing strategic growth initiatives, building high-performing teams, and creating long-term partnerships with major customers and business partners.

As president and chief executive officer of Trends International, Smith is responsible for the company’s overall strategy, growth, organizational leadership and business performance.

About Trends International
Trends International, LLC is a leading publisher and manufacturer of licensed posters, calendars, stickers, wall art and social stationery products. Established in 1987, Trends built its business around strong partnerships between licensors, retailers and licensees. Today, the company delivers a broad portfolio of licensed and proprietary products distributed through major retail, specialty, and digital channels.

Art.com, acquired by Trends International in 2023, is a leading online specialty retailer of high-quality wall art and complementary décor. The business offers millions of images and products through its digital commerce platform and interactive visualization tools.

AllPosters.com, part of the Trends International family of businesses, offers consumers a broad selection of posters, prints and wall décor.

For more information about Trends International, Art.com, AllPosters.com or Kenneth Smith, contact:

View original content to download multimedia:https://www.prnewswire.com/news-releases/trends-international-announces-kenneth-smith-as-president-and-chief-executive-officer-302912992.html

SOURCE Trends International

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