Full-Time
Confirmed live in the last 24 hours
Autonomous delivery robots for food and retail
Senior
Los Angeles, CA, USA
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Serve Robotics is transforming the delivery industry with its self-driving robots that provide sustainable and efficient delivery solutions. These lightweight autonomous robots deliver small items, like food and retail products, 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 their environmental impact.
Company Size
51-200
Company Stage
IPO
Total Funding
$51.6M
Headquarters
Redwood City, California
Founded
2021
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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.
Serve Robotics announces appointment of Lily Sarafan to its Board of Directors.
Serve Robotics has developed an autonomous robot designed to provide last-mile delivery services.
Vebu's signature robotic product is the Autocado, the pioneering avocado-processing robot which eliminates the need for restaurant workers to cut, core and scoop avocados to prepare guacamole. The Autocado allows employees to load up to 25 pounds of avocados into the device and walk away to focus on serving customers and preparing other items. It is in pilot testing in Chipotle's Huntington Beach, Calif. restaurant.The transaction is expected to unlock key opportunities:Deeper Partnerships : The acquisition is expected to strengthen Serve’s competitive position by providing its restaurant partners with a suite of automation solutions and expanding Serve’s offering beyond delivery into back-of-house automation. Vebu will help Serve become a more integral partner to restaurants, accelerating partner adoption as Serve expands its geographic footprint in new cities across the U.S.: The acquisition is expected to strengthen Serve’s competitive position by providing its restaurant partners with a suite of automation solutions and expanding Serve’s offering beyond delivery into back-of-house automation. Vebu will help Serve become a more integral partner to restaurants, accelerating partner adoption as Serve expands its geographic footprint in new cities across the U.S
Sidewalk delivery company Serve Robotics has unveiled its new, third-generation autonomous bot.
Listen to this articleSwiss-Mile raised $22M in August 2024 for its wheeled quadruped. Fifty producers of robots and robotics enabling technologies received funding in August 2024, pulling in a total of approximately $1 billion. This figure is on par with the $1.2 billion average The Robot Report has tracked each of the previous 12 months. Investment targeted to robotics companies for the first eight months of 2024 equals about $10.86 billion. You can follow The Robot Report‘s investment section here. The largest investments in August were secured by developers of autonomous driving technologies