Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
The latest announcement is out from Serve Robotics Inc ( (SERV) ).
Serve Robotics Inc. has raised $86 million in December 2024, accumulating a total of $167 million in funding for the year, reinforcing its financial position and extending its operational runway through 2026. This capital influx allows Serve to self-fund equipment investments, reducing the need for equipment financing and supporting strategic initiatives as it aims to ramp up production of its third-generation robots and expand into new markets, highlighting its leadership in transforming last-mile delivery.
More about Serve Robotics Inc
Serve Robotics is an autonomous delivery company that develops advanced, AI-powered, low-emissions sidewalk delivery robots aimed at making delivery sustainable and economical. Spun off from Uber in 2021, it has completed tens of thousands of deliveries for clients like Uber Eats and 7-Eleven and holds multi-year contracts to deploy up to 2,000 robots on the Uber Eats platform across multiple U.S. markets.
YTD Price Performance: 28.93%
Average Trading Volume: 7,976,504
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $843M
Find detailed analytics on SERV stock on TipRanks’ Stock Analysis page.
