Serve Robotics

Serve Robotics

Autonomous delivery robots for food and retail

About Serve Robotics

Simplify's Rating
Why Serve Robotics is rated
A
Rated B on Competitive Edge
Rated A+ on Growth Potential
Rated A on Rating Differentiation

Industries

Food & Agriculture

Robotics & Automation

Consumer Goods

Company Size

51-200

Company Stage

IPO

Total Funding

$51.6M

Headquarters

Redwood City, California

Founded

2021

Overview

Serve Robotics is changing the delivery industry with its self-driving robots that provide eco-friendly delivery solutions. These lightweight, autonomous robots deliver small items, like food and retail products, directly to customers, reducing carbon emissions and traffic congestion. The company operates on a delivery-as-a-service (DaaS) model, allowing businesses to subscribe and pay based on their delivery needs. Serve Robotics aims to enhance delivery operations for businesses while minimizing environmental impact.

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Funded Recently
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Simplify's Take

What believers are saying

  • Serve Robotics raised $80M to expand its robot delivery services by 2026.
  • Partnerships with Uber Eats and Shake Shack enhance Serve's market presence.
  • Acquisition of Vebu expands Serve's automation solutions beyond delivery.

What critics are saying

  • Competition from companies like Starship Technologies and Nuro is increasing.
  • Regulatory challenges in new cities may hinder Serve's expansion plans.
  • Dependence on partnerships like Uber Eats could impact Serve's business model.

What makes Serve Robotics unique

  • Serve Robotics uses zero-emissions robots for eco-friendly urban deliveries.
  • The company offers delivery-as-a-service, providing scalable solutions for businesses.
  • Serve Robotics integrates advanced AI for efficient autonomous navigation in urban areas.

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Funding

Total Funding

$51.6M

Above

Industry Average

Funded Over

7 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison
Coming Soon

Benefits

Professional Development Budget

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

↓ -3%

1 year growth

↓ -10%

2 year growth

↓ -10%
PYMNTS
Feb 3rd, 2025
Serve Robotics Ceo Sees Delivery Robots Transforming Last-Mile Logistics

Serve Robotics CEO Ali Kashani envisions autonomous delivery robots transforming urban logistics by optimizing the pickup and delivery of food and other products to lower the cost of last-mile delivery for businesses. This year, it is planning to deploy 2,000 Uber Eats delivery robots — further expanding in Los Angeles and looking to deploy in Dallas and other cities. Serve was spun out of Uber a year ago, after Uber acquired Postmates in 2020. Serve had been part of Postmates. Last year, the company announced a partnership with Uber Eats and Shake Shack to deliver in Los Angeles. Serve Robotics’ delivery bots currently traverse several Los Angeles neighborhoods, rolling on sidewalks to pick up food orders from 900 restaurants

Tech in Asia
Jan 8th, 2025
Serve Robotics raises $80M for expansion

Serve Robotics, backed by Nvidia and Uber, has raised $80 million through a direct offering of 4.2 million shares from undisclosed institutional investors. This funding will support the expansion of its robot delivery services and sustain operations through 2026. Serve currently operates 100 robots in Los Angeles and plans to add 250 more by Q1 2025, aiming for a fleet of 2,000 robots in multiple US cities by year-end. In December 2024, Serve raised $86 million, totaling over $247 million in the past year.

Market Wire News
Jan 6th, 2025
MBOT - Robotics are Today's Theme

Serve Robotics (NASDAQ: SERV) announced that it secured $86 Million in new funding, in December, bringing its total new capital raised in 2024 to $167 million.

Stock Titan
Jan 6th, 2025
Serve Robotics Raises $86M in Funding

Serve Robotics secured $86 million in December 2024, bringing its total 2024 funding to $167 million and overall funding since its 2021 spinout from Uber to $220 million. This capital extends its operational runway through 2026, allowing self-funding of equipment investments and eliminating the need for equipment financing. The funds will support strategic initiatives, technology advancement, and the production of third-generation robots for market expansion. As of December 31, 2024, Serve had 51.5 million shares outstanding.

Investing.com
Dec 9th, 2024
Serve Robotics CEO Ali Kashani sells $278,776 in stock

Serve Robotics also announced the appointment of Anthony Armenta as its new Chief Software (ETR:SOWGn) and Data Officer, tasked with enhancing the company's software and artificial intelligence capabilities.

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