Serve Robotics Inc. ("Serve" or the "Company") (NASDAQ:SERV), a leading autonomous delivery company, today announced that it raised gross proceeds of $86 million during December 2024, bringing total gross proceeds raised in 2024 to $167 million. Since its spinout from Uber in 2021, the Company has secured approximately $220 million in total funding. The additional December 2024 funding includes proceeds raised through Serve's previously filed ATM facility and the exercise of warrants. As of December 31, 2024, Serve had a total of approximately 51.5 million shares of common stock issued and outstanding.