Exhibit 99.2 serve Robotic Last Mile Delivery November 2024 Disclaimer FORWARD LOOKING STATEMENTS This Serve Robotics Inc. (the "Company") investor presentation contains "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the context of the statement and generally arise when we or our management are discussing ...

Financial Data and Key Metrics - Total revenue for Q3 2024 was $222,000, with delivery and branding revenues contributing $183,000, a 49% increase quarter-over-quarter and 108% increase year-over-year [28] - Daily active robots increased by 23% quarter-over-quarter and 97% year-over-year, reaching 59 robots, producing an average of 465 daily supply hours, a 21% increase quarter-over-quarter and 108% increase year-over-year [29] - Cost of revenue was $377,000, with a decline in gross margin due to reduced higher-margin software services revenue [31] - Net loss for Q3 2024 was $8 million, compared to $9 million in the prior quarter [33] - Free cash flow was negative $10.1 million, including $6.9 million related to manufacturing costs, but the company's cash position was bolstered by $32.3 million from equity transactions [34] - The company ended Q3 with a strong cash balance of $50.9 million, sufficient to support the 2,000 robot rollout in 2025 [35] Business Line Data and Key Metrics - Delivery revenue increased significantly due to improved fleet utilization, driven by software enhancements and operational improvements [28] - Software services revenue contributed $39,000 in Q3, with expectations of a few hundred thousand dollars in additional revenue from the new Magna agreement in the first half of 2025 [30] - The company is on track to deploy 2,000 robots by the end of 2025, aiming for an annual run rate of $60 million to $80 million in revenue once fully utilized [6][11] - The third-gen robots, with 70% more battery and twice the speed, are expected to double the delivery fleet by the end of 2024 [8][45] Market Data and Key Metrics - The company is expanding its service area in Los Angeles to Downtown LA, Sawtelle, and Westwood, effectively doubling the number of restaurants served [9][10] - The first market outside of LA will be the Dallas-Fort Worth Metro, with plans to deploy robots there by Q2 2025 [11] - The partnership with Wing Aviation will enable multi-modal robotic and drone deliveries, covering distances up to six miles [13][14] Company Strategy and Industry Competition - The company is focusing on scaling its robot fleet, expanding into new markets, and deepening partnerships with national chains like Shake Shack and Wing Aviation [6][12][13] - The acquisition of Vebu, Inc. will allow the company to expand into kitchen automation, offering a more holistic solution to restaurant partners [18][22] - The company expects to be one of the largest autonomous vehicle fleets in North America by the end of 2025 [66] Management Commentary on Operating Environment and Future Outlook - The company is optimistic about the future, with plans to expand into new cities and deepen relationships with national chains [12][16] - The management expects full cost recovery for each robot within 12 months of deployment [11] - The company is well-positioned to capitalize on the growing demand for automated delivery solutions [16][66] Other Important Information - The company has established a new ATM program for additional capital flexibility, though no immediate need for capital is anticipated [36] - The acquisition of Vebu is structured as an all-stock transaction, with no upfront cash consideration, and is expected to bring potential revenue growth and cash flow [22][38] Q&A Session Summary Question: Total robot deployment by end of 2025 - The company aims to have a total of 2,000 robots by the end of 2025, with a portion of the fleet used for maintenance and R&D [44] Question: Advantages of third-gen robots - The third-gen robots have 70% more battery, twice the speed, and five times more compute power, while manufacturing costs have been halved [45][46] Question: Number of stores using robot delivery - The company currently serves over 400 restaurants in LA, with plans to nearly double that number in the coming weeks [48] Question: Impact of recent elections - The company is monitoring regulatory and policy changes, with favorable legislation allowing robots to operate on sidewalks [49][50] Question: Scaling up plans - The company has an effective expansion playbook, starting with market selection, securing depots, and onboarding merchants and customers [51][52] Question: Utilization of robots - Full utilization of the 2,000 robots may take up to a year, with efficiency improving over time as the company gains more experience in new markets [54][55] Question: Revenue range for 2,000 robots - The $60 million to $80 million revenue range includes delivery and branding fees, with delivery services expected to contribute the majority of revenue [58] Question: Competitive landscape - The company is leading in urban environments, with competitors focusing more on campuses and bike lanes [61][62][63] Question: Vebu acquisition and Chipotle relationship - The Vebu acquisition will allow the company to offer a more holistic solution to restaurant partners, with Autocado currently in pilot at Chipotle [67][68]

Revenue Growth and Performance - Revenue for the three months ended September 30, 2024, was $221,555, compared to $62,565 for the same period in 2023, representing a significant increase[147] - Revenues increased by 254% to $221,555 for the three months ended September 30, 2024, compared to $62,565 for the same period in 2023, driven by growth in delivery and branding revenue[150] - Revenues increased by 893% to $1,636,641 for the nine months ended September 30, 2024, compared to $164,826 for the same period in 2023, primarily due to software services revenue[159] - One customer accounted for 78% of the company's revenue during the three months ended September 30, 2024, and 86% during the same period in 2023[134] - The company's revenue streams include delivery revenues, branding revenues, and software services revenues[142] Net Loss and Financial Performance - Net loss for the three months ended September 30, 2024, was $7,996,219, compared to $7,645,972 for the same period in 2023[147] - Net loss increased by 5% to $7,996,219 for the three months ended September 30, 2024, compared to $7,645,972 for the same period in 2023[150] - Net loss increased by 47% to $26,071,557 for the nine months ended September 30, 2024, compared to $17,750,350 for the same period in 2023[159] - The company's accumulated deficit as of September 30, 2024, was $94,405,938[147] Research and Development Expenses - Research and development expenses increased by 69% to $5,007,985 for the three months ended September 30, 2024, compared to $2,962,812 for the same period in 2023, primarily due to stock-based compensation and headcount increases[150][152] - Research and development expenses increased by 143% to $17,434,332 for the nine months ended September 30, 2024, compared to $7,171,446 for the same period in 2023, driven by stock compensation and headcount expenses[159][163] Capital Raising and Financing Activities - The company issued convertible promissory notes totaling $5,014,500 in January 2024, with net proceeds of $4,844,625[125] - The company completed a public offering on April 17, 2024, issuing 10,000,000 shares at $4.00 per share, resulting in net proceeds of approximately $35.8 million[123] - The company raised $35.8 million in net proceeds from a public offering of 10,000,000 shares of common stock at $4.00 per share on April 17, 2024[171] - The company sold 555,555 pre-funded warrants and 555,555 investor warrants at a combined offering price of $8.9999, generating net proceeds of $18.65 million[174] - Net cash provided by financing activities increased by $58.50 million to $71.58 million for the nine months ended September 30, 2024, driven by proceeds from issuance of common stock, pre-funded warrants, and exercise of warrants[181] - The company repaid a $2.50 million term loan with Silicon Valley Bank in full as of September 30, 2024[182] Cash and Liquidity - The company had $50.91 million in cash and cash equivalents as of September 30, 2024, providing liquidity for operations[170] - Cash and cash equivalents as of September 30, 2024, were $50.91 million[177] - Net cash used in operating activities increased by $2.98 million to $15.28 million for the nine months ended September 30, 2024, primarily due to a larger net loss of $8.00 million[177] - Net cash used in investing activities was $5.39 million for the nine months ended September 30, 2024, mainly due to robot build construction in-process[178] Operational Metrics and Expansion - Daily Active Robots increased to 59 for the three months ended September 30, 2024, compared to 30 for the same period in 2023, reflecting improved operational capacity[168] - Daily Supply Hours increased to 465 for the three months ended September 30, 2024, compared to 224 for the same period in 2023, indicating expanded robot utilization[168] - The company anticipates operating losses in 2024 and 2025 as it scales its robotic fleet and expands into new markets[140] - Supply chain constraints, particularly for semiconductor chips, have increased lead times and costs for robot components[138] - The company entered into an equipment financing lease agreement for robot construction, with total expected costs of $4.46 million[183] Internal Controls and Legal Matters - The company identified material weaknesses in internal control over financial reporting and plans to remediate them by increasing financial personnel capacity and implementing formal policies and procedures[193][194] - The company is an emerging growth company and smaller reporting company, with reduced disclosure obligations[186][187] - No material legal proceedings are pending or threatened against the company[197] Warrant Issuance - The company issued a warrant to Magna to purchase up to 2,145,000 shares of common stock at $0.01 per share, with a fair value of $8,566,184[130][132]

Financial Performance - Serve Robotics reported third quarter revenue of $0.22 million, including $0.04 million from software services[7]. - Revenues for Q3 2024 reached $221,555, compared to $62,565 in Q3 2023, representing a significant increase of 253% year-over-year[20]. - Gross loss for Q3 2024 was $(155,749), an improvement from a gross loss of $(509,972) in Q3 2023[20]. - Total operating expenses for Q3 2024 were $8,289,324, up from $5,067,816 in Q3 2023, indicating a 63% increase[20]. - Net loss for Q3 2024 was $(7,996,219), compared to $(7,645,972) in Q3 2023, reflecting a slight increase in losses[20]. - Interest income for Q3 2024 was $448,854, a notable improvement from $(1,483,390) in Q3 2023[20]. Capital and Financing - The company raised $32.3 million in capital during the quarter, resulting in a cash balance of $50.9 million as of September 30, 2024[3][7]. - Serve's total assets as of September 30, 2024, were $61.5 million, with no outstanding debt obligations[18]. - Cash and cash equivalents at the end of Q3 2024 were $50,913,133, a significant increase from $3,502,140 at the end of Q3 2023[23]. - The company raised $71,579,597 in net cash from financing activities during the nine months ended September 30, 2024[23]. - The company has established an At-the-Market (ATM) financing program to provide further capital raising flexibility[3]. Operational Metrics - Daily active robots increased to 59, a 97% year-over-year growth, while daily supply hours averaged 465, representing a 108% increase year-over-year[4][13]. - The company achieved a 21% quarter-over-quarter increase in daily supply hours from 385 to 465[4][13]. - Research and development expenses for Q3 2024 totaled $5,007,985, up from $2,962,812 in Q3 2023, marking a 69% increase[20]. - The company reported a weighted average of 40,586,781 common shares outstanding for Q3 2024, compared to 18,528,262 in Q3 2023[20]. Strategic Partnerships and Expansion - Serve Robotics plans to deploy 2,000 robots in partnership with Uber Eats by the end of 2025, ahead of schedule[2]. - The company announced its geographic expansion into the Dallas Fort Worth metro area, with operations expected to begin in the coming weeks[5]. - Serve Robotics has agreed to acquire Vebu, which includes the Autocado avocado-processing robot, enhancing its automation solutions[6]. - Serve Robotics has initiated partnerships with Wing Aviation and Shack Shack to expand its service offerings[2].

Core Insights - Serve Robotics Inc. announced significant operational and financial progress in Q3 2024, including plans for geographic expansion and a capital raise of $32.3 million [1][2][4]. Financial Performance - The company reported Q3 2024 revenue of $0.22 million, with a cash balance of $50.9 million and zero outstanding debt as of September 30, 2024 [4][9]. - Daily active robots increased to 59, a 97% year-over-year rise, while daily supply hours averaged 465, marking a 108% increase year-over-year [2][5]. Capital Raise and Financial Flexibility - Serve completed private placement offerings resulting in $32.3 million in net proceeds, enhancing its financial flexibility for expansion plans [2][4]. - The company established an At-the-Market (ATM) financing program post quarter-end to further support capital raising efforts [2]. Geographic Expansion Plans - Serve announced plans to expand its delivery services in Los Angeles and enter the Dallas Fort Worth market, with operations expected to begin in Dallas in the coming weeks [3][4]. Acquisition of Vebu - The company agreed to acquire Vebu, Inc. in an all-stock transaction, which includes the Autocado robotic product, aimed at enhancing automation solutions for restaurant partners [1][4].

Core Insights - The acquisition of Vebu enhances Serve's strategic positioning by providing automation solutions for restaurant partners and expanding its offerings beyond delivery into back-of-house automation [1] - Vebu's Autocado robot, which automates avocado processing, is currently in pilot testing at Chipotle, allowing restaurant staff to focus on customer service and other tasks [2] - The acquisition is expected to create synergies by expanding partnerships with major restaurant chains and complementing Serve's recent delivery expansion through a partnership with Alphabet's Wing Aviation [2] Company Developments - Buck Jordan, founder and CEO of Vebu, will join Serve Robotics as SVP of Kitchen Automation, continuing to lead the Vebu team and drive product innovations [3] - Serve's CEO, Dr. Ali Kashani, emphasized the acquisition's role in addressing labor shortages in the restaurant industry and enhancing operational efficiency for partners [4] - Vebu's balance sheet supports its operations, strengthening Serve's core business and long-term strategy in restaurant automation [5] Industry Context - Serve Robotics specializes in AI-powered, low-emissions delivery robots, having completed tens of thousands of deliveries for partners like Uber Eats and 7-Eleven [6] - The acquisition positions Serve as a comprehensive automation provider in the restaurant industry, addressing the growing need for efficiency and innovation in operations [2][4]

Serve Robotics (SERV) is scheduled to report its third-quarter 2024 results on Nov. 7.The Zacks Consensus Estimate for third-quarter revenues is pegged at $0.36 million.The consensus mark for earnings is pegged at a loss of 20 cents per share, which has been unchanged over the past seven days.Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.Let us see how things have shaped up before the upcoming announcement.Key Factors to Aid SERV’s Q3 ResultsSERV reported second-quarter rev ...

Financial Performance - For the three months ended June 30, 2024, the company generated revenues of $468,375, a significant increase from $62,009 in the same period of 2023, representing a growth of 654%[144] - The net loss for the three months ended June 30, 2024, was $9,037,367, compared to a net loss of $4,966,256 for the same period in 2023, indicating a worsening of 82%[144] - Revenues increased to $468.38 million for the three months ended June 30, 2024, compared to $62.01 million for the same period in 2023, representing a 655% increase[147] - Net loss for the three months ended June 30, 2024, was $9.04 million, compared to a net loss of $4.97 million for the same period in 2023, an increase of 82%[147] - Total operating expenses for the three months ended June 30, 2024, were $8.70 million, up from $3.77 million in the same period in 2023, a 131% increase[147] Customer Concentration and Risks - One customer accounted for 63% of the company's revenue during the three months ended June 30, 2024, highlighting significant customer concentration risk[130] - The company plans to diversify its customer base to mitigate risks associated with high customer concentration, as it currently relies heavily on a limited number of clients[130] Capital and Financing - The company raised approximately $35.8 million from a public offering of 10,000,000 shares at a price of $4.00 per share, which commenced trading on The Nasdaq Capital Market under the ticker symbol "SERV"[118] - The company issued convertible promissory notes totaling $5,014,500, resulting in net proceeds of $4,844,625, with a conversion price of $2.42 per share upon a qualified offering[120][123] - The Company sold 2,500,000 Pre-Funded Warrants at a combined offering price of $5.9999, resulting in net proceeds of $13.70 million from the Private Placement[171] - Net cash provided by financing activities rose significantly to $39.39 million for the six months ended June 30, 2024, compared to $3.89 million in 2023, with $35.8 million from common stock issuance[177] - The Company is dependent on raising additional capital to fund operations, including research and development and general administrative expenses[172] Operational Challenges - The company is facing supply chain constraints due to global shortages of electrical components, which have increased lead times and costs for manufacturing robots[134] - The company anticipates continued operating losses in 2024 and 2025 as it implements its long-term strategic plan, focusing on scaling its robotic fleet and expanding geographic coverage[136] Financial Position - The company has an accumulated deficit of $86,409,719 as of June 30, 2024, indicating ongoing financial challenges[144] - The company had $28.78 million in cash and cash equivalents as of June 30, 2024[169] - As of June 30, 2024, the Company had cash and cash equivalents totaling $28.78 million[175] Internal Controls and Compliance - The Company identified material weaknesses in internal control over financial reporting, which will be addressed by increasing qualified financial personnel and implementing formal accounting policies[189][190] - The Company is classified as an "emerging growth company" and a "smaller reporting company," allowing it to take advantage of certain regulatory exemptions[182][183] - The Company has no pending or threatened material legal proceedings[193] Research and Development - Research and development expenses rose to $5.79 million for the three months ended June 30, 2024, from $2.13 million in the same period in 2023, marking a 172% increase[152] Operational Metrics - Daily Active Robots increased to 48 for the three months ended June 30, 2024, compared to 23 for the same period in 2023[166] - Daily Supply Hours increased to 385 for the three months ended June 30, 2024, from 152 for the same period in 2023[167] Debt Obligations - The Company entered into a term loan with Silicon Valley Bank for gross proceeds of $2.50 million, maturing on March 1, 2025, with interest accruing at a minimum of 3.25% per annum[178]

[Executive Summary & CEO Outlook](index=1&type=section&id=Executive%20Summary%20%26%20CEO%20Outlook) Serve Robotics reported strong Q2 2024 results, continuing a 30-month trend of double-digit month-over-month growth in operational metrics, commenced manufacturing for its 2,000-robot fleet, and bolstered its cash position through equity offerings, with the CEO outlining plans for significant fleet expansion and substantial future run-rate revenue - Serve Robotics announced strong Q2 2024 results, extending a **30-month track record of double-digit month-over-month growth** and improvements in key operational metrics[2](index=2&type=chunk) - Manufacturing activities commenced on the **2,000-robot fleet deployment** following agreements with Magna and Ouster[1](index=1&type=chunk)[6](index=6&type=chunk) - Cash position bolstered by **$40 million equity offering** and a post-quarter **$15 million private placement**[1](index=1&type=chunk)[3](index=3&type=chunk) - The company completed the design of its third-generation robot and plans to deploy at least **250 additional robots** in Los Angeles by the end of Q1 2025[2](index=2&type=chunk) - Full utilization of the **2,000 robots** under the Uber Eats agreement is expected to generate **$60 to $80 million in run-rate revenue annually**[2](index=2&type=chunk) [Operational and Strategic Highlights](index=1&type=section&id=Operational%20and%20Strategic%20Highlights) Serve Robotics achieved significant operational and strategic milestones in Q2 2024, including successful capital raises, substantial improvements in robot deployment and utilization, expansion into new markets, and securing key manufacturing and supply agreements to scale its fleet [Public Offering & Capital Raise](index=1&type=section&id=Public%20Offering%20%26%20Capital%20Raise) Public Offering & Capital Raise | Transaction Type | Gross Proceeds (USD) | Date | | :--------------- | :------------------- | :--- | | Public Equity Offering | $40.0 million | April 18, 2024 | | Private Placement | $15.0 million | Post Q2-end (July 2024) | [Operational Performance Metrics](index=1&type=section&id=Operational%20Performance%20Metrics) Operational Performance Metrics | Metric | Q2 2024 | YoY Change | QoQ Change | | :------------------ | :------ | :--------- | :--------- | | Daily Supply Hours | 385 | +106% | +28% | | Daily Active Robots | 48 | +85% | +23% | [Market Expansion & Manufacturing Agreements](index=1&type=section&id=Market%20Expansion%20%26%20Manufacturing%20Agreements) - Expanded delivery operations into Koreatown, Los Angeles, in June 2024, onboarding new local merchants via Uber Eats partnership[5](index=5&type=chunk) - Commenced manufacturing activities for the **2,000-robot fleet**, with Magna International Inc. becoming the contract manufacturer[6](index=6&type=chunk) - Expanded supply agreement with Ouster Inc. to equip next-generation robots with upgraded sensors[6](index=6&type=chunk) [Q2 2024 Financial Summary](index=1&type=section&id=Q2%202024%20Financial%20Summary) Serve Robotics reported Q2 2024 revenue of $0.47 million, primarily from software services, and ended the quarter with a significantly bolstered cash position of $28.8 million, also providing updated figures for shares outstanding Q2 2024 Financial Summary | Metric | Q2 2024 | | :-------------------- | :------ | | Total Revenue | $0.47 million | | Software Service Revenue | $0.30 million | | Cash and Cash Equivalents (as of June 30, 2024) | $28.8 million | - No material software services revenue is anticipated in Q3 2024 as the services contract with Magna was significantly completed in Q2[7](index=7&type=chunk) Shares Outstanding | Metric | As of June 30, 2024 (Shares) | Post July 2024 Private Placement (Shares) | | :-------------------------- | :--------------------------- | :---------------------------------------- | | Common Stock Outstanding | 36.5 million | N/A | | Fully Diluted Shares Outstanding | 42.6 million | Approximately 48.2 million | [Supplemental Financial Information](index=3&type=section&id=Supplemental%20Financial%20Information) This section provides additional insights into Serve Robotics' business performance through detailed operational metrics and a breakdown of revenue streams, highlighting consistent growth in robot deployment and utilization [Operational Key Performance Indicators](index=3&type=section&id=Table%201%3A%20Key%20Metrics) Table 1: Key Metrics | Key Metrics | June 30, 2024 (Unaudited) | March 31, 2024 (Unaudited) | June 30, 2023 (Unaudited) | Six Months Ended June 30, 2024 (Unaudited) | Six Months Ended June 30, 2023 (Unaudited) | | :------------------ | :------------------------ | :------------------------- | :------------------------ | :----------------------------------------- | :----------------------------------------- | | Daily Active Robots | 48 | 39 | 23 | 44 | 25 | | Daily Supply Hours | 385 | 300 | 152 | 342 | 169 | [Detailed Revenue Streams](index=3&type=section&id=Table%202%3A%20Revenue) Table 2: Revenue | Revenue Type | June 30, 2024 (USD) | March 31, 2024 (USD) | June 30, 2023 (USD) | Six Months Ended June 30, 2024 (USD) | Six Months Ended June 30, 2023 (USD) | | :---------------- | :------------------ | :------------------- | :------------------ | :----------------------------------- | :----------------------------------- | | Software services | $296,035 | $851,101 | $- | $1,147,136 | $- | | Delivery services | $75,540 | $51,760 | $32,467 | $127,300 | $57,719 | | Branding fees | $96,800 | $43,850 | $29,542 | $140,650 | $44,542 | | **Total Revenue** | **$468,375** | **$946,711** | **$62,009** | **$1,415,086** | **$102,261** | [Corporate Information](index=2&type=section&id=Corporate%20Information) This section provides an overview of Serve Robotics' mission and history, along with important disclaimers regarding forward-looking statements and contact information for investor relations [About Serve Robotics](index=2&type=section&id=About%20Serve) - Serve Robotics develops advanced, AI-powered, low-emissions sidewalk delivery robots for sustainable and economical delivery[10](index=10&type=chunk) - Spun off from Uber in 2021, Serve has completed tens of thousands of deliveries for partners like Uber Eats and 7-Eleven[10](index=10&type=chunk) - Holds scalable multi-year contracts, including an agreement to deploy up to **2,000 delivery robots** on the Uber Eats platform across multiple U.S. markets[10](index=10&type=chunk) [Forward-Looking Statements Disclaimer](index=3&type=section&id=Forward%20Looking%20Statements) - Press release contains 'forward-looking statements' identifiable by terms like 'believes,' 'plans,' 'expects,' and 'estimates,' which are not historical facts or guarantees of future performance[16](index=16&type=chunk) - Actual results may differ materially due to risks and uncertainties, including those described in SEC filings (Form 10-K, Form 10-Q)[16](index=16&type=chunk)[17](index=17&type=chunk) - The company disclaims any obligation to update forward-looking statements, except as required by law[18](index=18&type=chunk) [Investor Relations Contact Information](index=4&type=section&id=Contacts) - Contact information for Aduke Thelwell, Head of Communications & Investor Relations, and general Investor Relations inquiries[19](index=19&type=chunk) [Unaudited Condensed Consolidated Financial Statements](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements, including the Balance Sheets, Statements of Operations, and Statements of Cash Flows, providing a detailed view of the company's financial position, performance, and liquidity for the reported periods [Unaudited Condensed Consolidated Balance Sheets](index=4&type=section&id=Balance%20Sheets) Balance Sheets | ASSETS (as of) | June 30, 2024 (USD) | December 31, 2023 (USD) | | :-------------------------- | :------------------ | :---------------------- | | Cash | $28,780,034 | $6,756 | | Total current assets | $30,882,450 | $1,461,029 | | Total assets | $32,766,496 | $2,804,549 | | LIABILITIES (as of) | | | | Total current liabilities | $4,267,525 | $6,237,224 | | Total liabilities | $4,302,755 | $6,837,955 | | STOCKHOLDERS' EQUITY (DEFICIT) (as of) | | | | Total stockholders' equity (deficit) | $28,463,741 | $(4,033,406) | [Unaudited Condensed Consolidated Statements of Operations](index=6&type=section&id=Statements%20of%20Operations) Statements of Operations | Metric | Three Months Ended June 30, 2024 (USD) | Three Months Ended March 31, 2024 (USD) | Three Months Ended June 30, 2023 (USD) | Six Months Ended June 30, 2024 (USD) | Six Months Ended June 30, 2023 (USD) | | :----------------------------------- | :------------------------------------- | :-------------------------------------- | :------------------------------------- | :----------------------------------- | :----------------------------------- | | Revenues | $468,375 | $946,711 | $62,009 | $1,415,086 | $102,261 | | Cost of revenues | $326,013 | $352,438 | $391,367 | $678,451 | $758,628 | | Gross profit (loss) | $142,362 | $594,273 | $(329,358) | $736,635 | $(656,367) | | Total operating expenses | $8,698,049 | $8,305,722 | $3,772,288 | $17,003,771 | $7,672,493 | | Loss from operations | $(8,555,687) | $(7,711,449) | $(4,101,646) | $(16,267,136) | $(8,328,860) | | Net loss | $(9,037,367) | $(9,037,971) | $(4,966,256) | $(18,075,338) | $(10,104,378) | | Net loss per common share - basic and diluted | $(0.27) | $(0.37) | $(0.74) | $(0.62) | $(1.51) | [Unaudited Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Statements%20of%20Cash%20Flows) Statements of Cash Flows | Cash Flow Activity (Six Months Ended June 30) | 2024 (USD) | 2023 (USD) | | :------------------------------------------ | :----------- | :----------- | | Net cash used in operating activities | $(9,820,242) | $(6,590,205) | | Net cash used in investing activities | $(798,322) | $- | | Net cash provided by financing activities | $39,391,842 | $3,893,398 | | Net change in cash and cash equivalents | $28,773,278 | $(2,696,807) | | Cash and cash equivalents at end of period | $28,780,034 | $18,912 | - Proceeds from issuance of common stock pursuant to offering, net of offering costs, contributed **$35,849,136** to financing activities in H1 2024[22](index=22&type=chunk)

Registration Number 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 As filed with the Securities and Exchange Commission on July 31, 2024. (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) Ali Kashani Chief Executive Officer 730 Broadway Redwood City, California 94063 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Serve Robotics Inc. (Exact name of registrant as specified in its charter) (State ...