SR

Serve Robotics

SERV
NASDAQConsumer Discretionary
$6.97
USD
-0.47(-6.32%)
At close: Jun 12, 20:00 UTC

Open

$6.93

Prev. Close

$6.94

High

$6.97

Low

$6.93

Market Snapshot

Market Cap

$527.56M

P/E Ratio

-3.8

EPS

-0.98

Revenue

$1.31M

Employees

370

Why SERV moved

Serve Robotics COO Touraj Parang sold over 4,200 shares, maintaining a substantial ownership stake in the company as it progresses in the robotics delivery industry.

About

Serve Robotics, Inc. engages in providing self-driving delivery. The company is headquartered in Redwood City, California and currently employs 370 full-time employees. The company went IPO on 2024-03-06. The firm designs, develops and operates low-emission robots on its artificial intelligence (AI)-powered robotics mobility platform that serves people in public spaces, starting with food delivery. The Company’s fleet consists of over 100 robots. The company has platform-level integrations with Uber Eats, which allows serve robots to provide real-time presence and status updates on those platforms and receive requests to perform deliveries with respect to customer orders placed on those platforms as needed. Its capabilities include automatic emergency braking, vehicle collision avoidance, and fail-safe mechanical braking. The company uses AI methodologies to design, train and deploy a host of models on serve robots and these models are used to perform a variety of tasks, including identification of sidewalk surfaces, intersections, traffic signals, obstacles, pedestrians and vehicles, and others.

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