Core Insights - Serve Robotics, a producer of AI-powered sidewalk delivery robots, uplisted to Nasdaq on April 18, 2024, coinciding with a public offering at $4.00 per share, which opened at $4.75 [1] - The stock reached an all-time high of $22.92 on December 26, 2024, but currently trades around $9, with potential for significant growth over the next decade [2] Company Overview - Founded in 2017 as a division of Postmates, Serve Robotics became independent in 2021 after Uber acquired Postmates in 2020, continuing to use Serve's robots for Uber Eats deliveries [3] - In October 2024, Serve launched Gen3 robots capable of traveling 48 miles on a single charge, carrying 15 gallons of cargo, and reaching speeds of 11 mph, while being 65% cheaper than previous models [4] Fleet Expansion - Serve operated approximately 100 robots in 2024, expanding to 2,000 robots in 2025, primarily for Uber Eats, with additional deployments to DoorDash and other partners [5] Financial Performance - Revenue increased from $2.7 million in 2024 to $25.9 million in 2025, with projections of reaching $131.5 million by 2028 as net losses decrease [7] - The stock trades at nine times next year's sales, indicating potential for growth as the global delivery robot market is expected to expand at a 32% CAGR from 2025 to 2034 [8] Market Potential - If Serve matches Wall Street's estimates and achieves a 20% CAGR through 2036, its market cap could rise from $705 million to $5.65 billion, potentially making it an 8-bagger or even a 10-bagger with stronger growth [9][10]