Streetbeat News

SERV

Serve Robotics Inc.

https://www.serverobotics.com

Industry

Industrial - Machinery

Serve Robotics Inc. designs, develops, and operates low-emission robots that serve people in public spaces with food delivery in the United States. It builds self-driving delivery robots. The company was formerly known as Patricia Acquisition Corp. and changed its name to Serve Robotics Inc. in July 2023. Serve Robotics Inc. was founded in 2017 and is based in Redwood City, California.

Open

18.95

Mkt cap

886M

Volume

9.7M

High

19.91

P/E Ratio

-23.71

52-wk high

30.00

Low

18.08

Div yield

N/A

52-wk low

1.77

Serve Robotics stock surged by 55.2% in December as investors showed increased interest in speculative investments.

Portfolio Pulse from

January 08, 2025 | 8:45 pm

Serve Robotics, backed by Nvidia and Uber, has raised an additional $80 million through a direct offering of 4.2 million shares. This follows $86 million raised previously, indicating strong investor interest as the company scales its sidewalk delivery robots.

Portfolio Pulse from

January 07, 2025 | 2:30 pm

Serve Robotics Inc. announced an $80 million registered direct offering of common stock, selling over 4.2 million shares to institutional investors. The offering is expected to close on January 7, 2025.

Portfolio Pulse from

January 07, 2025 | 2:15 pm

Serve Robotics Inc. (Nasdaq: SERV) has raised $86 million in new financing in December 2024, bringing its total funding for the year to $167 million. Since its spinout from Uber in 2021, the company has secured approximately $220 million in total funding, strengthening its liquidity position to enhance last-mile delivery services.

Portfolio Pulse from

January 06, 2025 | 12:45 pm

Serve Robotics (SERV) has seen a 370% increase in its stock price since its IPO. While the stock is considered risky for short-term investors, it holds long-term potential due to its expanding robotics fleet.

Portfolio Pulse from

January 03, 2025 | 4:00 pm

Serve Robotics is leveraging its partnership with Uber to revolutionize last-mile delivery using autonomous robots. The company aims to deploy 2,000 units by 2025, enhancing its market share in the food delivery sector. Serve Robotics' innovations and sustainability focus position it as a leader in the autonomous delivery market.

Portfolio Pulse from

December 10, 2024 | 4:45 pm

Serve Robotics Inc. has appointed Lily Sarafan to its Board of Directors, potentially impacting the company's strategic direction and governance.

Portfolio Pulse from

December 09, 2024 | 10:00 pm

The article discusses the growing interest in robotics stocks, particularly Serve Robotics, as a promising area for artificial intelligence investors.

Portfolio Pulse from

December 04, 2024 | 11:30 am

Serve Robotics is increasing the supply of its delivery robots, which are reportedly working more effectively.

Portfolio Pulse from

December 02, 2024 | 4:30 pm

Nvidia's stock has surged 2,630% over the past five years, driven by strong sales of AI-oriented GPUs, making it the most valuable company globally with a market cap of $3.5 trillion.

Portfolio Pulse from

November 24, 2024 | 9:45 am

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