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Industries
Food & Agriculture
Robotics & Automation
Consumer Goods
Company Size
51-200
Company Stage
IPO
Total Funding
$51.6M
Headquarters
Redwood City, California
Founded
2021
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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Total Funding
$51.6M
Above
Industry Average
Funded Over
7 Rounds
Professional Development Budget
Flexible Work Hours
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
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.
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.
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.
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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Industries
Food & Agriculture
Robotics & Automation
Consumer Goods
Company Size
51-200
Company Stage
IPO
Total Funding
$51.6M
Headquarters
Redwood City, California
Founded
2021
Find jobs on Simplify and start your career today