Busbud sets up parent company, adds travel veterans to board

Ground transportation booking platform Busbud secured $40 million in credit financing from Vista Credit and formed a parent company, Terra Mobility, combining Busbud, Buson, Recorrido, and operator OS TerraOS. TerraOS offers ticketing, inventory management, AI-powered revenue management, and distribution. Erik Blachford was named chairman, and Sam Shank joined the board. The company has 270 employees across 26 countries.