Serve Robotics announced Q3 2024 financial results with revenue of $0.22M, including $0.04M from software services. The company successfully raised $32.3M through private placements, ending Q3 with a strong cash position of $50.9M and zero debt. Daily active robots increased 97% YoY and 23% QoQ, while daily supply hours grew 108% YoY to 465.The company is expanding geographically into Los Angeles areas including Downtown LA, Sawtelle and Westwood, with plans to enter the Dallas Fort Worth market by Q2 2025. Additionally, Serve announced an agreement to acquire Vebu and its Autocado robot technology, strategically expanding into back-of-house automation solutions.Regarding the partnership with Uber Eats to deploy 2,000 robots by end of 2025, the company reports being ahead of schedule with initial manufacturing and rollout. New strategic partnerships were also formed with Wing Aviation and Shake Shack to expand service reach.

Serve Robotics announced Q3 2024 financial results with revenue of $0.22M, including $0.04M from software services. The company successfully raised $32.3M through private placements, ending Q3 with a strong cash position of $50.9M and zero debt. Daily active robots increased 97% YoY and 23% QoQ, while daily supply hours grew 108% YoY to 465.The company is expanding geographically into Los Angeles areas including Downtown LA, Sawtelle and Westwood, with plans to enter the Dallas Fort Worth market by Q2 2025. Additionally, Serve announced an agreement to acquire Vebu and its Autocado robot technology, strategically expanding into back-of-house automation solutions.Regarding the partnership with Uber Eats to deploy 2,000 robots by end of 2025, the company reports being ahead of schedule with initial manufacturing and rollout. New strategic partnerships were also formed with Wing Aviation and Shake Shack to expand service reach.