Serve Robotics, a prominent player in autonomous sidewalk delivery, has secured an impressive $30 million in funding, boosting its total raised funds to over $56 million. Simultaneously, Serve concluded a reverse merger with Patricia Acquisition Corp., forming Serve Robotics, Inc. This strategic move positions Serve to expand its reach and innovation.
Investment Backed by Industry Titans
Uber, NVIDIA, and Wavemaker Partners, among other investors, spearheaded the financing, showcasing confidence in Serve’s trajectory. Montrose Capital Partners facilitated the transaction. This funding injection empowers Serve to tap into fresh markets across the US, solidify its AI-driven mobility platform, and scale up its robotic fleet.
Driving Towards the Future of Delivery
Serve’s journey encompasses shaping a sustainable and autonomous delivery landscape. By ingeniously designing, developing, and operating zero-emissions robots, the company enhances public spaces, beginning with food delivery. With a remarkable growth rate of over 30% month-over-month for the past year and a half, Serve is poised for further expansion.
Collaboration for Last-Mile Automation
Collaboration with Uber Eats is a pivotal step for Serve, manifesting in the deployment of up to 2,000 robots. As it accelerates its partnership with the world’s premier food delivery platform, Serve is solidifying its presence as a game-changer in last-mile automation.
The transition into a public company marks a momentous occasion for Serve. By providing broader access to capital, it sets the stage for Serve’s continued growth and amplification of enterprise partnerships.
Serve Robotics secures $30 million in funding, simultaneously completing a reverse merger with Patricia Acquisition Corp. This strategic move bolsters Serve’s expansion into new markets and the scaling of its robotic fleet, including a substantial partnership with Uber Eats. As a leading player in autonomous sidewalk delivery, Serve Robotics continues to shape the future of sustainable, self-driving delivery.
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