Serve Robotics: 2,000 delivery robots against a $67M loss
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Serve deployed 2,000 Level 4 delivery robots by Dec 2025 with 99.8% completion, but booked $2.5M revenue against a $67M loss. It targets ~$25M in 2026 revenue and bought Diligent Robotics for $29M in stock.
Key claims
2,000 robots deployed, 99.8% delivery completion
2025 revenue $2.5M, 2026 target ~$25M
Opex of $63.7M in the first three quarters of 2025
Serve Robotics deployed delivery robots across the U.S
Serve Robotics deployed 2,000 autonomous delivery robots across U.S. cities by December 2025. The robots operate in Los Angeles, Atlanta, Dallas-Fort Worth, Miami, Chicago, Fort Lauderdale, and Alexandria with additional cities planned for early 2026.
The fleet operates at SAE Level 4 autonomy - functioning without human intervention in designated areas - and achieves a 99.8% delivery completion rate. In 2025, Serve launched in 110 high-density neighborhoods and introduced Gen 3 robots for higher-volume operations.
Partnerships with Uber Eats and DoorDash drive deployment growth. The company targets $1 per delivery cost as Gen 3 scales, significantly below human-driven alternatives. Serve generated $2.5M revenue in 2025.
Operating expenses reached $63.7M in the first three quarters of 2025, more than double the $25.3M from the prior-year period, resulting in a $67M loss. The company held $210M cash as of September 30. Management projects revenue will increase 10x in 2026 to approximately $25M with the full 2,000-robot fleet deployed.
On January 20, 2026, Serve announced acquisition of Diligent Robotics for $29M in stock plus up to $5.3M earn-out, expanding into indoor healthcare environments. Diligent's Moxi robots completed 1.25M autonomous hospital deliveries with nearly 100 robots across 25+ facilities, generating $200K-400K annual sales per hospital.
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