Serve has a contract with Uber Eats to deploy 2,000 robots across Los Angeles, Miami, Dallas, Atlanta, and Chicago before the end of 2025. The company rolled out its 1,000th robot on Oct. 6, meaning its capacity will double in just the next few months.The Gen 3 robots use Nvidia 's Jetson Orin platform, which includes all of the computing hardware and artificial intelligence (AI) software they need to operate autonomously. Having such a powerful technology partner will help Serve scale as quickly as possibl ...

Company Overview - Serve Robotics is focused on developing autonomous last-mile logistics solutions, particularly for food delivery, and has recently partnered with Uber Eats to deploy 2,000 delivery robots [4][9] - The company has made over 100,000 deliveries since early 2022, achieving a 99.8% completion rate, indicating high reliability [8] Financial Performance - Serve generated $642,000 in total revenue during Q2 2025, a 37% increase year-over-year, but this is relatively small given its market capitalization of over $500 million [10] - Wall Street estimates suggest Serve's total revenue for 2025 could reach approximately $3.6 million, a 99% increase from 2024, with potential growth to $80 million by 2026 as the rollout of Gen3 robots completes [11] - The company reported a loss of $33.7 million in the first half of 2025, indicating significant financial strain as it seeks to commercialize its business [12] Investment Considerations - Serve's current valuation is high, trading at a price-to-sales (P/S) ratio of 317, which raises concerns about its investment attractiveness compared to Nvidia's P/S ratio of 30 [14][15] - Nvidia sold its entire stake in Serve, which may indicate concerns about the company's overvaluation and financial situation [3][17] - Serve has approximately $183 million in cash, which may only sustain operations until the end of 2026, raising the possibility of future capital raises that could dilute existing shareholders [13] Market Opportunity - The shift to autonomous delivery solutions is projected to create a $450 billion market opportunity by 2030, as current last-mile logistics are deemed inefficient [6] - Serve's Gen3 robots utilize Nvidia's Jetson Orin platform, enabling Level 4 autonomy for safe deliveries without human intervention [7]