Serve Robotics
Serve Robotics, founded in 2017 and spun off in 2021, operates a fleet of AI-powered, zero-emission delivery robots and has partnerships with Uber Eats and 7-Eleven.
Company History
Serve Robotics was founded in 2017, emerging as the robotics division of the widely known delivery service Postmates. In February 2021, Serve Robotics spun off to become an independent entity, marking a significant milestone in its evolution. The company has since focused on developing cutting-edge AI-powered delivery solutions.
Funding and Investors
Since becoming an independent company in 2021, Serve Robotics has raised over $56 million in funding. The company has garnered financial support from major investors, including NVIDIA Corporation and Uber Technologies, Inc. This backing has enabled Serve Robotics to advance its technological capabilities and expand its operational footprint.
Stock Market Presence
Serve Robotics completed a go-public transaction and is currently quoted on the OTCQB market under the ticker symbol 'SBOT'. This step into the public market has provided the company with additional capital and visibility, aiding in its growth and strategic initiatives.
Commercial Partnerships
Serve Robotics has established significant commercial partnerships with leading companies such as Uber Eats and 7-Eleven. Through these alliances, Serve Robotics has integrated its delivery robots into existing logistics and delivery frameworks, thereby enhancing service efficiency and customer experience.
Operational Achievements
Serve Robotics operates a fleet of AI-powered, zero-emission sidewalk delivery robots that have successfully completed over 50,000 commercial deliveries in the Los Angeles metropolitan area. Additionally, the company plans to deploy up to 2,000 robots on the Uber Eats platform across various U.S. markets, demonstrating its commitment to scaling its operations and leveraging AI-driven technology to optimize delivery services.
