Serve Robotics Secures $80M to Expand Sidewalk Delivery Fleet

The funding will help the autonomous delivery company scale operations to 2,000 robots across multiple U.S. cities by the end of 2025.

Serve Robotics raised $80 million through a direct offering of 4.2 million shares, bringing its total funding for the past 12 months to over $247 million.
The company plans to use the funds to extend its operational runway through 2026 and scale its fleet from 100 robots to 2,000 by the end of 2025.
Serve Robotics, spun off from Uber in 2021, has completed tens of thousands of deliveries for partners like Uber Eats and 7-Eleven.
The company aims to deploy its third-generation robots in new markets and has signed multi-year contracts, including a deal with Uber Eats to expand its fleet.
Serve has eliminated the need for equipment financing, improving cash flow and financial flexibility as it positions itself for long-term growth.