SAN FRANCISCO, Oct. 10, 2025 (GLOBE NEWSWIRE) -- Serve Robotics Inc. ("Serve" or the "Company") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, announced today that the Company has entered into securities purchase agreements with certain institutional investors for the purchase and sale of 6,250,000 shares of common stock, pursuant to a registered direct offering, expected to result in gross proceeds of approximately $100.0 million, before deducting placement agent fees and other offering ex ...

DoorDash, Inc. (NASDAQ:DASH) and Serve Robotics Inc. (NASDAQ:SERV) unveiled a multi-year agreement on Thursday to broaden autonomous sidewalk deliveries across the United States, beginning with participating merchants in Los Angeles.The companies said the partnership will integrate Serve’s robots into DoorDash’s multi-modal logistics network, alongside human Dashers and drones, to speed deliveries and cut emissions as order volumes rise.The rollout builds on Serve’s operations in Los Angeles, Miami, Dallas, ...

Serve’s autonomous delivery robots now delivering to DoorDash customers in Los Angeles, with more cities to followSAN FRANCISCO, Oct. 09, 2025 (GLOBE NEWSWIRE) -- DoorDash (Nasdaq: DASH), a leading local commerce platform globally, and Serve Robotics Inc. (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced a new multi-year strategic partnership to roll out autonomous robot deliveries across the U.S. Los Angeles residents ordering through the DoorDash app from participating merch ...

Uber Technologies, Inc. (NYSE:UBER) is one of the 13 Best Quality Stocks to Buy According to Hedge Funds, supported by hedge fund interest and significant Profit Margin. Serve Robotics Expands Autonomous Delivery Service with Uber Technologies, Inc. (UBER)’s Uber Eats; Mizuho Initiates Coverage with $130 PT and Outperform Rating On September 30, 2025, after previous deployments in Los Angeles, Miami, Dallas-Fort Worth, and Atlanta, Serve Robotics announced the first Midwest expansion of its autonomous de ...

Core Insights - The company is focusing on the Greater Phoenix area for its delivery service, aiming to reach approximately 1.5 million customers by the end of the year [1] - The design of the delivery robot, named DOT, is centered around three key pillars: product-market fit, cargo capacity, and speed for efficient deliveries [2][3] - DOT can carry up to 30 pounds and is designed to operate on bike lanes, roads, and sidewalks, allowing for close proximity to merchants during deliveries [3][4] Delivery Strategy - The company has announced an Autonomous Delivery Platform (ADP) that integrates various delivery modalities, including robots like DOT and drones, to meet the growing demand for delivery services [5][6] - The delivery landscape has evolved significantly over the past five years, expanding from primarily restaurant deliveries to include groceries, household items, and electronics [7] Manufacturing and Technology - The manufacturing process for DOT is still under discussion, with an emphasis on U.S.-made technology developed in DoorDash Labs [8][9] - DOT is a fully autonomous system capable of navigating various environments, including pedestrian areas and obstacles like cars, ensuring safe delivery to doorsteps [10]

Core Viewpoint - DoorDash is expanding its services to include restaurant reservations and robot deliveries, aiming to enhance customer experience and meet growing demand while maintaining its competitive edge in the delivery market [4][6][10]. Expansion Plans - DoorDash announced plans to add restaurant reservations through a new "Going Out" tab, initially launching in New York and Miami, with plans to expand to other cities later [8][9]. - The company reported a 20% increase in total orders, reaching 761 million in the second quarter of the year, indicating strong customer demand [4]. Delivery Innovations - DoorDash is introducing autonomous delivery robots named Dot, which can travel at speeds of up to 20 miles per hour and are designed for suburban deliveries [11][12]. - The company has invested seven years in developing Dot, which is capable of carrying up to 30 pounds of cargo [13][14]. Competitive Landscape - The expansion into restaurant reservations and robot deliveries poses a challenge to competitors like OpenTable and Instacart, as DoorDash aims to deepen its relationships with restaurants and attract new customers [6][10]. - Following the announcement of its partnership with Kroger for delivery from 2,700 stores, DoorDash's shares rose by 4%, while Instacart's shares fell by 10% [6]. Future Vision - DoorDash envisions a hybrid delivery model combining human and autonomous methods to enhance service efficiency and accessibility [18].

SAN FRANCISCO--(BUSINESS WIRE)--DoorDash Unveils Dot, the Delivery Robot Powered by its Autonomous Delivery Platform to Accelerate Local Commerce. ...

Your DoorDash deliverer could soon look a little different.DoorDash on Tuesday announced a robot, known as Dot, that navigates busy streets, parking lots and sidewalks to bring customers their food.Dot marks DoorDash's first official standalone push into autonomous vehicle technology. The company previously tested drone delivery and partnered with Sam Altman-backed startup Coco Robotics for sidewalk delivery."The scale and complexity of the business demands something like autonomy, and there isn't anything ...

Expansion into the Midwest creates national scale, with Chicago as newest hubCHICAGO, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Serve Robotics Inc. (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced the launch of its service in the Chicago metro area, marking its first expansion into the Midwest. This milestone builds on Serve’s successful rollouts in Los Angeles, Miami, Dallas–Fort Worth, and Atlanta as part of its ongoing collaboration with Uber Eats, the delivery platform of Uber Te ...

Core Insights - Serve Robotics Inc. has launched its autonomous sidewalk delivery service in the Chicago metro area, marking its first expansion into the Midwest [1][5] - The service will operate across 14 neighborhoods in Chicago, providing contact-free delivery from over 100 restaurants to hundreds of thousands of households [3][4] Company Overview - Serve Robotics develops AI-powered, low-emissions sidewalk delivery robots aimed at making delivery sustainable and economical [7] - The company was spun off from Uber in 2021 and has completed tens of thousands of deliveries for partners like Uber Eats and 7-Eleven [7] - Serve has contracts to deploy up to 2,000 delivery robots on the Uber Eats platform across multiple U.S. markets by the end of 2025 [5][7] Strategic Partnerships - The ongoing collaboration with Uber Eats is central to Serve's expansion strategy, enhancing the customer delivery experience [4] - The partnership aims to redefine delivery convenience by integrating autonomous delivery into more neighborhoods [4]