
Serve Robotics (SERV) is a publicly traded Sidewalk Delivery company founded in 2021 and based in Redwood City, United States.
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| Apr 18, 2024 | IPO | — | $723M | — |
Serve Robotics reported Q2 2026 revenue of $3.2 million, up 404% year-over-year and 9% sequentially, driven by diversification into advertising (nearly 50% of food delivery revenue), new laundry-delivery partnership with NoScrubs, and a 50% sequential jump in DoorDash partnership revenue. Recurring revenue exceeded 50% of total revenue. The company ended Q2 with 792 daily active robots (down from 812 in Q1) and $240.4 million in cash and marketable securities. However, gross margin remained negative at −270.9% due to cost of revenue of $12.0 million against $3.2 million in revenue. Net loss widened to $64.1 million (or $0.80 per share) in Q2 versus $20.9 million loss in Q2 2025. Guidance revised to full-year 2026 revenue of $9–10 million (down from prior outlook), citing lower-than-expected Uber Eats delivery volumes; adjusted operating expenses guided to $140–150 million, down from $160–170 million previously.
Full-year 2026 revenue $9–10 million; adjusted operating expenses $140–150 million
Autonomous sidewalk delivery robot featuring significantly enhanced capabilities at substantially reduced manufacturing cost. Moves roughly twice as fast as predecessor (11 mph), travels approximately twice as far on a single charge (48 miles), and spends 6 more hours in field each day. Equipped with NVIDIA's Jetson Orin module providing 5x more on-board computing power, Ouster REV7 digital lidar, and major sensor-suite upgrades. Expanded cargo bin holds four large 16-inch pizzas or 15% more volume than previous generation. 2,000 units were deployed in 2025 across U.S. markets.
Serve robots are integrated into the Uber Eats app, enabling customers to receive deliveries from participating restaurants via autonomous robots. Operating at Level 4 autonomy in complex urban environments, the robots achieve a 99.8% completion rate, navigating most scenarios independently while requesting human assistance for edge cases like crossing intersections. Third-generation robots feature expanded cargo for large pizzas, improved suspension and water resistance for diverse weather conditions. As of December 2025, Serve has deployed over 2,000 robots, creating the largest sidewalk delivery fleet in the U.S.
