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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