Serve Robotics Inc
NASDAQ:SERV
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Serve Robotics Inc
Serve Robotics, Inc. engages in providing self-driving delivery. The company is headquartered in Redwood City, California and currently employs 57 full-time employees. The company went IPO on 2024-03-06. The firm offers an autonomous all-electric robot that makes delivery sustainable and economical. The Company’s fleet consists of over 100 robots. Its autonomous all-electric robot can provide real-time presence and status updates on those platforms and receive requests to perform deliveries with respect to customer orders placed on those platforms as needed. The company uses artificial intelligence methodologies to design, train and deploy a host of models on robots to perform a variety of tasks, including identification of sidewalk surfaces, intersections, traffic signals, obstacles, pedestrians, and vehicles, and projecting the trajectory of other dynamic agents. Its capabilities include automatic emergency braking, vehicle collision avoidance, and fail-safe mechanical braking. The robots consist of a number of key systems, such as drivetrain, power system, and connectivity.
Serve Robotics, Inc. engages in providing self-driving delivery. The company is headquartered in Redwood City, California and currently employs 57 full-time employees. The company went IPO on 2024-03-06. The firm offers an autonomous all-electric robot that makes delivery sustainable and economical. The Company’s fleet consists of over 100 robots. Its autonomous all-electric robot can provide real-time presence and status updates on those platforms and receive requests to perform deliveries with respect to customer orders placed on those platforms as needed. The company uses artificial intelligence methodologies to design, train and deploy a host of models on robots to perform a variety of tasks, including identification of sidewalk surfaces, intersections, traffic signals, obstacles, pedestrians, and vehicles, and projecting the trajectory of other dynamic agents. Its capabilities include automatic emergency braking, vehicle collision avoidance, and fail-safe mechanical braking. The robots consist of a number of key systems, such as drivetrain, power system, and connectivity.
Robot Fleet Milestone: Serve Robotics surpassed 1,000 robots deployed in Q3 and is on track to reach 2,000 by year-end, marking a major inflection point for scaling the business.
Revenue Growth: Q3 2025 revenue was $687,000, up 210% year-over-year and in line with guidance; full-year 2025 revenue is now expected to exceed $2.5 million.
Operational Expansion: Serve rapidly expanded its fleet, cities, and partnerships, including launching new hubs and announcing a key partnership with DoorDash.
Efficiency Gains: Delivery reliability approached 100% while delivery volume rose 66% quarter-over-quarter, and robot intervention rates and operating costs per robot declined.
Cost Reduction: Gen 3 robots now cost one-third as much as Gen 2 models, benefiting from design improvements, modularity, and lower-cost components.
Strong Liquidity: Ended the quarter with $211 million in cash and marketable securities and raised an additional $100 million in October.
2026 Outlook: Serve is targeting a $60–80 million annualized revenue run rate in 2026, with management confident in continued rapid growth and efficiency.