Serve Robotics Announces Expanded Los Angeles Delivery, Extended Lidar Supply Agreement with Ouster
Portfolio Pulse from Benzinga Newsdesk
Serve Robotics Inc. (NASDAQ:SERV) has expanded its delivery operations into Koreatown, Los Angeles, and extended its lidar supply agreement with Ouster, Inc. (NYSE:OUST) to equip 2,000 robots with upgraded sensors.
June 27, 2024 | 1:18 pm
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Ouster, Inc. has extended its lidar supply agreement with Serve Robotics Inc. to equip 2,000 robots with upgraded sensors.
The extended supply agreement with Serve Robotics suggests increased demand for Ouster's lidar technology, which is likely to positively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Serve Robotics Inc. has expanded its delivery operations into Koreatown, Los Angeles, and extended its lidar supply agreement with Ouster, Inc. to equip 2,000 robots with upgraded sensors.
The expansion into Koreatown and the extended lidar supply agreement indicate Serve Robotics' growth and scaling efforts, which are likely to positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100