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Serve Robotics debuts on OTCQB market; eyes to expand fleet
Last-mile Delivery Automation
Mar 7, 2024
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Last-mile Delivery Automation

Last-mile Delivery Automation

Mar 7, 2024

Serve Robotics debuts on OTCQB market; eyes to expand fleet

Listing

  • Serve Robotics, a spinoff from Uber operating delivery droids, has begun trading its common shares on the OTCQB Venture Market under the symbol "SBOT."

  • This move to public trading aims to expand its US robot fleet for Uber Eats to 2,000, as per the existing partnership.

  • Currently, Serve Robotics has successfully conducted over 50,000 commercial deliveries in Los Angeles using its AI-enabled delivery robots. 

  • Analyst QuickTake: With this, Serve Robotics has become the only droid maker in the Last-mile Delivery Automation space to have gone public. The company collaborates with major partners, such as Uber Eats and 7-Eleven , for deliveries and is also backed by notable investors like NVIDIA, Uber, and 7-Eleven.

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