Serve Robotics raises additional $80M as it scales sidewalk delivery robots

Nvidia and Uber-backed Serve Robotics has raised $80 million in a direct offering of 4.2 million shares of common stock. This is on top of the $86 million in gross proceeds Serve raised collectively December 2024 through a combination of a previously filed at-the-market facility and exercise of warrants.The sidewalk delivery robot company, which went public earlier this year via a reverse merger, expects the $80 million offering to close on Tuesday, subject to certain closing conditions. Serve wouldn’t say ...