Key Takeaways SERV launched autonomous sidewalk delivery in Alexandria through Uber Eats across several city neighborhoods. The move supports SERV's 2025 goal to scale its last-mile network using next-generation sidewalk robots.SERV's expansion supports Alexandria's mobility goals and comes ahead of planned U.S. launches through 2026.Serve Robotics Inc. (SERV) expanded its autonomous sidewalk delivery service to Alexandria, VA, in partnership with Uber Technologies (UBER) through Uber Eats. The launch gives ...

Welcome to the Green Stock News Brief for Friday, December 5th. Here are today's top headlines. Serve Robotics is expanding its autonomous sidewalk delivery service into Fort Lauderdale, building on its existing Miami operations and strengthening its presence in South Florida's fast growing delivery market.Customers can now receive Uber Eatats via Serves AI powered robots, bringing more sustainable and efficient delivery options to the city's thriving restaurant scene. New Horizon Aircraft has partnered wit ...

Core Insights - Serve Robotics Inc. has launched its autonomous sidewalk delivery service in the Chicago metropolitan area, marking its first expansion into the U.S. Midwest [1] - The service will operate in 14 neighborhoods in Chicago, providing contact-free deliveries from over 100 restaurants to hundreds of thousands of households [2][3] - The company aims to deploy 2,000 AI-powered delivery robots across the U.S. by the end of 2025, with Chicago being a strategic location due to its pedestrian infrastructure and diverse dining options [4] Financial Performance - In Q2, Serve Robotics reported a loss of $0.24 per share, which was wider than the analyst consensus estimate of a $0.21 loss, missing expectations by approximately 12.7% [5] - Quarterly revenue increased by 37.1% year-over-year to $642,000, surpassing estimates of $624,800 [5] - The company projects an annualized revenue run-rate of $60 million to $80 million once its 2,000-robot fleet is fully deployed, with expectations for target utilization in 2026 [6]