Serve Robotics partners with Little Caesars to deliver pizza using autonomous robots via Uber Eats in Los Angeles.
Quiver AI Summary
Serve Robotics Inc. has partnered with Little Caesars to deliver the pizza chain's HOT-N-READY® pizzas using Serve's autonomous delivery robots through the Uber Eats platform. Customers in Los Angeles can now receive their pizza orders via these robots, which are designed with an expanded cargo bin to carry multiple large pizzas and maintain their temperature. This partnership enhances Serve's offerings on Uber Eats, which already includes robotic deliveries in several U.S. cities, with plans for more cities in the future. Both companies express their commitment to innovation and sustainability in the delivery process, aiming to provide a better experience for customers while also reducing their environmental impact.
Potential Positives
- Serve Robotics has partnered with Little Caesars, a prominent national pizza chain, to offer delivery via autonomous robots, enhancing brand visibility and credibility.
- The partnership allows Serve to expand its operational footprint on the Uber Eats platform, potentially increasing delivery volumes and market share in several U.S. cities.
- Serve's third-generation robots are designed specifically for food delivery, which may improve customer satisfaction by ensuring optimal food quality and temperature during transport.
- Aligning with Little Caesars' commitment to innovation and service, this collaboration may bolster Serve's reputation as a technology-forward solution provider in the delivery sector.
Potential Negatives
- The partnership's reliance on Uber Eats raises concerns about Serve Robotics' independence and control over its delivery platform.
- There is a potential risk that the focus on autonomous delivery may detract from other operational areas or innovations within the company.
- The mention of forward-looking statements emphasizes the uncertainty surrounding Serve's future performance and growth, which may worry investors.
FAQ
What is the new partnership announced by Serve Robotics?
Serve Robotics has partnered with Little Caesars to deliver HOT-N-READY® pizza using autonomous delivery robots via Uber Eats.
In which cities is autonomous pizza delivery available?
The autonomous delivery service is currently available in Los Angeles, with plans for expansion to additional U.S. cities soon.
What features do Serve Robotics' delivery robots have?
The third-generation robots can carry four large pizzas and maintain food temperature during delivery, ensuring quality service.
How can customers order Little Caesars pizzas through this service?
Customers can order Little Caesars pizza through the Uber Eats app for autonomous delivery using Serve's robots.
What is Serve Robotics' mission?
Serve Robotics aims to provide sustainable and economical delivery solutions through advanced, AI-powered, low-emission sidewalk delivery robots.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SERV Insider Trading Activity
$SERV insiders have traded $SERV stock on the open market 25 times in the past 6 months. Of those trades, 1 have been purchases and 24 have been sales.
Here’s a breakdown of recent trading of $SERV stock by insiders over the last 6 months:
- BRIAN READ (Chief Financial Officer) has made 0 purchases and 10 sales selling 54,798 shares for an estimated $456,077.
- EUAN ABRAHAM (Chief Hardware & Mftg Offcr) has made 0 purchases and 5 sales selling 26,663 shares for an estimated $337,080.
- DAVID MICHAEL GOLDBERG sold 10,700 shares for an estimated $113,748
- ALI KASHANI (Chief Executive Officer) has made 1 purchase buying 3,000 shares for an estimated $20,550 and 4 sales selling 9,138 shares for an estimated $69,356.
- TOURAJ PARANG (President & COO) has made 0 purchases and 4 sales selling 2,237 shares for an estimated $16,617.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SERV Hedge Fund Activity
We have seen 92 institutional investors add shares of $SERV stock to their portfolio, and 51 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VANGUARD GROUP INC added 863,779 shares (+67.8%) to their portfolio in Q1 2025, for an estimated $4,966,729
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 807,494 shares (+4212.1%) to their portfolio in Q1 2025, for an estimated $4,643,090
- CAPITAL FUND MANAGEMENT S.A. added 738,028 shares (+inf%) to their portfolio in Q1 2025, for an estimated $4,243,661
- YONG RONG (HK) ASSET MANAGEMENT LTD removed 704,000 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $4,048,000
- UBS GROUP AG added 695,398 shares (+278.2%) to their portfolio in Q1 2025, for an estimated $3,998,538
- MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. added 584,302 shares (+616.9%) to their portfolio in Q1 2025, for an estimated $3,359,736
- NATIONAL BANK OF CANADA /FI/ removed 568,375 shares (-77.5%) from their portfolio in Q1 2025, for an estimated $3,268,156
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$SERV Analyst Ratings
Wall Street analysts have issued reports on $SERV in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Cantor Fitzgerald issued a "Overweight" rating on 05/22/2025
To track analyst ratings and price targets for $SERV, check out Quiver Quantitative's $SERV forecast page.
Full Release
SAN FRANCISCO, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Serve Robotics Inc. (Nasdaq: SERV), a leading autonomous sidewalk delivery company, and Little Caesars , the nation's third-largest pizza chain, today announced a partnership to deliver the brand's iconic HOT-N-READY® pizza with Serve's autonomous delivery robots via Uber Eats (NYSE: UBER).
Little Caesars customers in Serve’s Los Angeles delivery area may now receive their orders via autonomous sidewalk robots. The partnership expands Serve’s presence on Uber Eats—which already offers Serve's robotic deliveries in Los Angeles, Miami, Dallas and Atlanta—with additional U.S. cities coming soon.
“Delivering for a beloved national chain like Little Caesars is another opportunity for us to show how we help merchants grow and give consumers a better delivery experience,” said Ali Kashani, CEO of Serve Robotics. “Seeing a Serve robot at your door will soon become as much of a weekly tradition as pizza night.”
Serve’s new third-generation robots are uniquely suited for pizza delivery. They boast an expanded cargo bin that can carry four large 16-inch pizzas, plus Caesar Wings, Italian Cheese Bread and beverages, while maintaining food temperature and quality en route.
“Little Caesars is always looking for ways to be innovative in the restaurant industry, and we are proud to partner with Serve Robotics and Uber Eats to deliver our delicious pizzas to our customers in Los Angeles,” said Trish Heusel, VP of Innovation at Little Caesars. “Partnering with Serve allows us to deliver a solution that aligns with our commitment to better service and technology-forward solutions while reducing our environmental footprint.”
“We’re excited to bring autonomous delivery to even more Uber Eats customers through our partnership with Serve Robotics, now delivering Little Caesars orders,” said Megan Jensen, Head of Autonomous Delivery Operations at Uber Eats. “By combining smart technology with everyday convenience, we’re making delivery easier, more reliable, and more sustainable.”
Little Caesars' autonomous robotic delivery is currently available through the Uber Eats app. To learn more about the delivery process, visit www.serverobotics.com/uber-eats .
About Little Caesars®
Little Caesars, the Best Value in Pizza* in the United States, was founded by Mike and Marian Ilitch as a single, family-owned restaurant in 1959 and is headquartered in downtown Detroit, Michigan. It is the third-largest pizza chain in the world, with restaurants in each of the 50 U.S. states and 30 countries and territories.
Known for its HOT-N-READY® pizza, Crazy Puffs®, and famed Crazy Bread®, Little Caesars uses quality ingredients, like fresh, never-frozen mozzarella and Muenster cheese and sauce made from fresh-packed, vine-ripened California crushed tomatoes. The brand is known for innovation and is home to the exclusive Pizza Portal® pickup, a heated, self-service mobile order pickup station.
A high-growth company with over 65 years in the $150 billion worldwide pizza industry, Little Caesars continually looks for franchisee candidates to join the team in markets worldwide. In addition to providing the opportunity for entrepreneurial independence in a franchise system, Little Caesars offers a simple operating system, a reputation for taste and value, and strong brand awareness with one of the most recognized characters in the country, Little Caesar. Little Caesars is proud to be part of the Ilitch Companies family of businesses.
About Uber
Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 61 billion trips later, we're building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.
About Serve Robotics
Serve Robotics develops advanced, AI-powered, low-emissions sidewalk delivery robots that endeavor to make delivery sustainable and economical. Spun off from Uber in 2021 as an independent company, Serve has completed tens of thousands of deliveries for enterprise partners such as Uber Eats and 7-Eleven. Serve has scalable multi-year contracts, including a signed agreement to deploy up to 2,000 delivery robots on the Uber Eats platform across multiple U.S. markets.
For further information about Serve Robotics (Nasdaq:SERV), please visit www.serverobotics.com or follow us on social media via X (Twitter), Instagram, or LinkedIn @serverobotics.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Serve intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Exchange Act. These forward-looking statements can be about future events, including statements regarding Serve's intentions, objectives, plans, expectations, assumptions and beliefs about future events, including Serve's expectations with respect to the financial and operating performance of its business, its capital position, and future growth. The words "anticipate", "believe", "expect", "project", "predict", "will", "forecast", "estimate", "likely", "intend", "outlook", "should", "could", "may", "target", "plan" and other similar expressions can generally be used to identify forward-looking statements. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward-looking statements. Any forward-looking statements in this press release are based on management's current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. Risks that contribute to the uncertain nature of the forward-looking statements include those risks and uncertainties set forth in Serve's Annual Report on Form 10-K for the year ended December 31, 2023, filed with the United States Securities and Exchange Commission (the "SEC") and in its subsequent filings filed with the SEC. All forward-looking statements contained in this press release speak only as of the date on which they were made. Serve undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.
Contacts
Media
Aduke Thelwell
Head of Communications & Investor Relations
[email protected]
Investor Relations
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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/21f4436a-ee78-44e7-8624-623732655ef9