Serve Robotics Expands Delivery Operations and Strengthens Lidar PartnershipServe Robotics Expands Delivery Operations and Strengthens Lidar Partnership Expansion of Delivery Service to Koreatown, Los Angeles Serve Robotics, a leading autonomous delivery robotics company, has extended its service area to Koreatown in Los Angeles. The move is part of the company’s long-term strategy to expand its geographic reach in South Korea and the United States. Thousands of households in Los Angeles have already benefited from the convenience of autonomous delivery, with hundreds of restaurants on Uber Eats receiving support from Serve. “We are excited to expand our service to more customers in Los Angeles and beyond,” said Dr. Ali Kashani, co-founder and CEO of Serve. “As we scale our fleet, we aim to deploy up to 2,000 robots by 2025.” Koreatown was chosen for its dense commercial center, growing residential community, and robust sidewalk infrastructure, making it an ideal location for robotic delivery. Serve is actively recruiting local businesses to partner with and offer autonomous delivery through Uber Eats. Enhanced Lidar Capabilities with Ouster Serve Robotics has extended its lidar supply agreement with Ouster, Inc. to upgrade its next-generation robots with advanced lidar sensors. Lidar plays a crucial role in the company’s autonomous navigation, allowing robots to precisely locate themselves and safely maneuver around pedestrians and obstacles. The new Ouster REV7 sensors are expected to enhance the safety, speed, and cost-effectiveness of Serve’s fleet. “Ouster’s lidar has been instrumental in our success in commercializing Level 4 autonomy,” said Euan Abraham, Chief Hardware and Manufacturing Officer at Serve Robotics. “We are impressed with the advancements in lidar technology and are pleased to sign a comprehensive agreement that provides us with the latest advancements.” About Serve Robotics Supported by Uber and NVIDIA, Serve Robotics develops advanced, AI-powered, low-emission delivery robots designed for sustainability and affordability. Since spinning off from Uber in 2021, Serve has completed tens of thousands of deliveries for partners such as Uber Eats and 7-Eleven. The company has secured scalable, multi-year contracts, including an agreement to deploy up to 2,000 delivery robots on the Uber Eats platform in multiple U.S. markets.
- The delivery service now covers Koreatown, Los Angeles
- Extended supply agreement signed to equip 2,000 robots with upgraded lidar hardware to support robot fleet scaling
SAN FRANCISCO, June 27, 2024 /PRNewswire/ — Serve Robotics Inc. (“Serve”) (Nasdaq: SERV), a leading autonomous delivery robotics company, today announced the expansion of its delivery operations to Koreatown as part of a long-term plan to expand its geographic reach in South Korea. Los Angeles and in the U.S. Additionally, in preparation for scaling its fleet for future expansion, Serve announced the expansion of its lidar supply agreement with Ouster, Inc. (“Ouster”) to equip its next-generation robots with upgraded sensors for improved performance.
Serving Koreatown
Serve Robotics food delivery robot (PRNewsfoto/Serve Robotics Inc.)
‘Tens of thousands of households inside Los Angeles have experienced the convenience of autonomous delivery, with many hundreds of restaurants on Uber Eats serving their customers in a more sustainable and reliable way,” said Serve co-founder and CEO, Dr. Ali Kashani“We are excited to Serve to more customers Los Angeles and beyond, as we scale our fleet and aim to deploy up to 2,000 robots by 2025.”
In June, Serve began recruiting local sellers in partnership with Uber Eats. Today, Koreatown residents who order through Uber Eats can have their orders fulfilled by a Serve delivery robot.
Serve selected Koreatown for its dense and vibrant commercial center, growing residential community, and robust sidewalk infrastructure to support robotic delivery. Serve’s coverage expansion follows its ongoing partnership with Los Angeles city government and local stakeholders.
Extended Lidar Supply Agreement
As part of the expanded lidar supply agreement, Serve Robotics will continue to equip its fleet with digital lidar, utilizing Ouster’s new REV7 sensors for optimal performance. Lidar plays a crucial role in Serve’s autonomy stack, allowing the robots to sense their surroundings, identify their exact location, and navigate safely alongside pedestrians and other sidewalk users. Serve expects the new sensors to improve the safety, speed and cost-effectiveness of its fleet.
“Ouster’s lidar has been integral to our success in commercializing Level 4 autonomy at scale,” said Serve Robotics’ Chief Hardware and Manufacturing Officer, Euan Abraham. “We have been impressed with the reliability and performance of lidars in recent years and are pleased to sign a comprehensive agreement that provides us with the very latest technology for our next-generation robot.”
About Serve Robotics
Backed by Uber and NVIDIA, Serve Robotics is developing advanced, AI-powered, low-emission curbside delivery robots that aim to make delivery sustainable and economical. Serve, which spun off from Uber as an independent company in 2021, has completed tens of thousands of deliveries for business partners like Uber Eats and 7-Eleven. Serve has scalable multi-year contracts, including a signed agreement to deploy up to 2,000 delivery robots on the Uber Eats platform in multiple US markets.
For more information about Serve Robotics (Nasdaq: SERV), visit www.serverobotics.com or follow us on social media via X (Twitter), Instagram or LinkedIn @serverobotics.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Serve intends that such forward-looking statements be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Exchange Act. These forward-looking statements may relate to future events, including statements about Serve’s intentions, objectives, plans, expectations, assumptions and beliefs about future events, including Serve’s expectations regarding the financial and operating performance of its business, its capital position and future growth. The words “anticipate”, “believe”, “expect”, “project”, “predict”, “will”, “forecast”, “estimate”, “likely”, “intend”, “outlook”, “would “, “could”, “could”, “target”, “plans” and other similar expressions generally can be used to identify forward-looking statements. Indications of, and guidance or prospects for, future earnings or financial position or performance are also forward-looking statements. Any forward-looking statements contained in this press release are based on management’s current expectations regarding future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. explanations. Risks that contribute to the uncertain nature of the forward-looking statements include the risks and uncertainties set forth in Serve’s Annual Report on Form 10-K for the past year. December 31, 2023, filed with the U.S. Securities and Exchange Commission (the “SEC”) and in subsequent filings with the SEC. All forward-looking statements in this press release speak only as of the date on which they are made. Serve undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they are made.
Contacts
Aduke Thelwell
Head of communications
Serve robotics
(email protected)
347.464.8510
CORE IR
(email protected)
SOURCE Serve Robotics Inc.
