Robotics is on the cusp of a revolutionary "iPhone moment," driven by the accelerating progress in artificial intelligence (AI). This surge in AI research and development is profoundly affecting numerous emerging technologies, with robotics poised for a significant leap forward.Why the timing is critical now: Today's AI models already demonstrate remarkable capabilities in understanding, reasoning, and adapting across a diverse range of tasks. The rapid improvements in vision, language understanding, and re ...

Key Takeaways SERV guides for 60-75% Q2 delivery growth after expanding to cities like Miami, Dallas, and Los Angeles.Serve now serves over 1,500 restaurants and plans to deploy 2,000 robots by year-end 2025.Q1 revenue rose 150% to $440K, but losses persist and competition from Uber and DoorDash looms.Serve Robotics (SERV) is betting big on growth. Following a first quarter marked by rapid fleet expansion and entry into new markets, the autonomous delivery startup has guided for a 60% to 75% quarter-over-qu ...

Core Insights - Serve Robotics Inc. has launched its autonomous delivery service in the Atlanta metro area, expanding from previous successful launches in Los Angeles, Miami, and Dallas–Fort Worth as part of its collaboration with Uber Eats [1][3][4] - The service aims to provide sustainable and efficient delivery options to over 50,000 residents in Atlanta, integrating with the Uber Eats app for local food deliveries [3][4] - The company plans to deploy 2,000 AI-powered delivery robots across the U.S. by the end of 2025, with additional markets expected to be announced soon [8][9] Company Overview - Serve Robotics develops AI-powered, low-emissions sidewalk delivery robots, focusing on sustainable and economical delivery solutions [9] - 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 [9] - Serve has established multi-year contracts, including a significant agreement to deploy up to 2,000 delivery robots on the Uber Eats platform across various U.S. markets [9] Market Context - Atlanta is recognized as one of the largest and fastest-growing markets in the Southeast, making it a strategic location for Serve's expansion [4] - The city is characterized by a car-dependent infrastructure, and the introduction of Serve's robots is expected to alleviate traffic congestion and enhance last-mile delivery efficiency [4] - The partnership with local businesses, such as Rreal Tacos and Shake Shack, highlights the community-driven approach of Serve's service [5][6]

Company Overview - Serve Robotics is a leading autonomous sidewalk delivery company focused on developing AI-powered, low-emissions delivery robots aimed at making delivery sustainable and economical [4] - The company was spun off from Uber in 2021 and has completed tens of thousands of deliveries for enterprise partners such as Uber Eats and 7-Eleven [4] - Serve Robotics has scalable multi-year contracts, including an agreement to deploy up to 2,000 delivery robots on the Uber Eats platform across multiple U.S. markets [4] Annual Meeting Details - The Annual Meeting of Stockholders will be held virtually on June 12, 2025, at noon PDT [1] - Stockholders of record as of April 14, 2025, will have the right to participate in the meeting [2] - The company commenced mailing the Notice to stockholders on April 25, 2025, which includes instructions for accessing the Proxy Statement and annual report, as well as voting options [3]

Serve Robotics Inc. (NASDAQ: SERV ) develops and operates a fleet of AI-enabled sidewalk delivery robots, which autonomously deliver food to customers in several U.S. markets. The company was spun off from Uber Technologies ( UBERI am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities by understanding the drivers ...

Successfully built and deployed 250 new third-generation robots, enhancing operational scale and efficiencyContinued geographic expansion into Miami and Dallas metros; Atlanta launch on trackFirst quarter revenue of $440 thousand, a 150% increase versus Q4 2024Unlocking the value of Serve’s software and data platform; recurring revenue generation expected in Q2Strengthened balance sheet with $91.5 million in new capital, ending the quarter with a record $198 million cash position SAN FRANCISCO, May 08, 2025 ...

SAN FRANCISCO, April 24, 2025 (GLOBE NEWSWIRE) -- Serve Robotics Inc. ("Serve") (NASDAQ:SERV), a leading autonomous sidewalk delivery company, today announced that it will report its 2025 first quarter financial results on Thursday, May 8, 2025 after market close. The company will host a conference call and webcast to review the results on the same day. Conference Call and Webcast InformationCompany management will host a conference call at 2 p.m. PT / 5 p.m. ET. A live audio webcast will be available at in ...