Serve Robotics Deploys 1,000 Autonomous Delivery Robots

By Tamara Parker • Monday, October 06 10:14 • Permanent Link

Serve Robotics Inc. (NASDAQ: SERV) has announced the deployment of its 1,000th third-generation autonomous delivery robot, with over 380 robots deployed in September alone. The company remains on track to reach its goal of deploying 2,000 AI-powered robots by the end of 2025. Serve Robotics develops advanced, AI-powered, low-emissions sidewalk delivery robots and has completed hundreds of thousands of deliveries for enterprise partners such as Uber Eats and 7-Eleven. The company was spun off from Uber in 2021 and has scalable multi-year contracts, including a signed agreement to deploy up to 2,000 delivery robots on the Uber Eats platform across multiple U.S. markets. The market has reacted to these announcements by moving the company's shares 4.21% to a price of $13.12. Check out the company's full 8-K submission here.

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