New funding spherical for use to scale manufacturing of Serve’s robotic platform, help geographic enlargement, and enter new markets.
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On December 6th, autonomous sidewalk supply options supplier Serve Robotics, a February 2021 spin off from grocery supply agency Postmates (itself owned by Uber), introduced that it had secured a US $13 million expanded Seed Spherical. Collaborating within the spherical had been DX Ventures, 7-Ventures and Wavemaker Labs. Uber acted as strategic investor for the spherical.
This newest Seed Spherical serves as an extension of Serve’s earlier seed funding from March 2021, and contains participation from present buyers like VC corporations Neo and Western Know-how Funding.
Serve’s robotic platform, which has a load capability of roughly 50 lbs. and might journey as much as 30 miles on a single cost, is designed to autonomously navigate sidewalks in city areas whereas monitored by a human operator. Based on the funding announcement, the funding inflow shall be used to “speed up its enlargement plans into new buyer segments and geographic areas, which would require them to construct extra sidewalk robots to gas that progress.”
Serve Robotics’ self-driving robots have accomplished tens of hundreds of deliveries in Los Angeles and San Francisco from over 100 retailers in keeping with the corporate. In November 2021, Serve introduced a partnership with Uber. Based on firm officers, Serve’s autonomous supply service shall be made obtainable to Uber Eats clients in Los Angeles in 2022.