🤖 Faster, Bigger Robots for Uber Eats
Serve Robotics has unveiled its third generation of delivery robots, designed to improve efficiency. The new robots are twice as fast as older models, can travel twice the distance, and carry 15% more. Each can now hold up to four 16-inch pizzas. According to Serve, these robots will first launch in Los Angeles, with plans to expand to another urban market soon.
🚀 Expansion to 250 Robots by Early 2025
By Q1 2025, Serve Robotics aims to have 250 of these advanced robots on the streets of Los Angeles. The company has already signed a major expansion deal with Uber Eats, which is driving this growth. In 2025, Serve plans to manufacture 2,000 robots, a big leap from their current deployment of about 48 robots per day in mid-2024. The company went public after a reverse merger last year, securing key partnerships like Uber Eats and Shake Shack.
⚙️ Tech and Safety Features Get a Boost
Serve’s third-gen robots come packed with advanced features. They include fail-safe mechanical braking and enhanced emergency braking, which stops them 40% faster. They also have autonomous collision avoidance. Powered by an Nvidia module and lidar technology, these robots are now smarter, with faster decision-making capabilities for smooth navigation. They are built by Magna International using a global supply chain but are assembled in North America.
💰 Revenue Projections on the Rise
Serve Robotics expects big returns from its Uber Eats deal. Ali Kashani, Serve's CEO, predicts the robots could generate $60M to $80M annually once fully deployed. While Q2 2024 only saw $75K in delivery service revenue, this expansion marks a critical step toward scaling the business. The new robots’ extended operating hours—six hours more per day—will be key to achieving these revenue targets.
Can Serve Robotics become a major player in food delivery?
