Serve Robotics Inc. (NASDAQ: SERV) is an autonomous delivery robotics company that develops and deploys sidewalk delivery robots for last-mile food and package delivery. The company's revenue model is transactional, generating fees from delivery operations conducted by its autonomous robots. Serve Robotics was formed out of Uber Eats' sidewalk robot program and operates as an independent public company. Its robots use onboard AI models to identify sidewalk surfaces, intersections, doorways, elevators, traffic signals, obstacles, pedestrians, and vehicles, and to project the trajectories of dynamic agents in shared outdoor and indoor environments. Contract manufacturing of the robots is handled by Magna or one of its affiliates, per a production and purchase agreement referenced in the FY2024 10-K filed March 12, 2026. The company has disclosed $5.0 million in convertible promissory notes issued to accredited investors across closings in January 2024, indicating early-stage capital structure reliance on debt and equity financing rather than operating cash flow.

Revenue model

Transactional delivery fees generated from autonomous sidewalk robot delivery operations. The company is pre-scale and has disclosed minimal revenue, relying on convertible promissory notes and equity financing as of FY2024.

Products and services

Autonomous sidewalk delivery robots equipped with onboard AI and autonomy software. The robotic platform is designed for last-mile delivery with stated ambitions to extend to broader robotic applications beyond food delivery.

Customers and end markets

Last-mile food and package delivery end markets. The filing excerpts do not specify named customers or customer concentration data.

Value-chain role

Vertically integrated robotics developer combining hardware, software, and AI. Contract manufacturing is outsourced to Magna or its affiliates. The company designs and owns the AI models, autonomy stack, and integrated software deployed on its robots.

Geographic exposure

The filing excerpts do not specify geographic markets or revenue by region.

Source: SEC 10-K, filed 2026-03-12

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