Serve Robotics unveiled its third-generation autonomous delivery robot. The new model boasts significantly enhanced capabilities, achieved at substantially reduced manufacturing cost. The third-generation robot has entered manufacturing and 2,000 new units are on track to be deployed in 2025 on the Uber Eats platform across multiple U.S. markets. Serve’s third-generation robots are designed to carry more goods, enable more deliveries, and further reduce the cost of delivery. They can move roughly twice as fast, travel approximately twice as far on a single charge, and spend 6 more hours in the field each day.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SERV:
- Largest borrow rate increases among liquid names
- Serve Robotics Inc call volume above normal and directionally bullish
- Serve Robotics initiated with a Buy at Seaport Research
- Serve Robotics Partners with Alphabet’s (NASDAQ:GOOGL) Wing for Drone Deliveries
- Serve Robotics, Wing Aviation partner to expand autonomous delivery