Serve Robotics goes public on Nasdaq, plans to expand Uber Eats deliveries

Serve Robotics goes public on Nasdaq, plans to expand Uber Eats deliveries

Robot Name : Serve Robotics
Robot Capability : Last-mile automation, local deliveries
Robot Category : Delivery robot
Key Point :

  • Serve Robotics builds and maintains its fleet of robots for customers as a robotics-as-a-service (RaaS) business.
  • Serve has about 100 robots in its fleet and plans to expand that fleet.
  • Serve has an operating contract with Uber Eats for local delivery in select locations.
  • Serve has partnerships with strategic partners including Uber and NVIDIA.
  • Serve plans to roll out up to 2,000 robots on the Uber Eats platform in multiple U.S. markets.
  • Serve entered into a strategic partnership with Magna New Mobility USA, Inc. for AMR projects.
  • Serve has raised a total of $93 million in funding over six rounds.
  • Serve intends to use the net proceeds from its IPO for research and development, manufacturing operations, growth, and other company needs.

Source: Original Post