Serve Robotics deployed its 1,000th robot, aiming for 2,000 by year-end, enhancing sustainable delivery nationwide.
Quiver AI Summary
Serve Robotics Inc., a prominent autonomous sidewalk delivery company, has announced the deployment of its 1,000th third-generation robot, with over 380 being deployed just in September 2025. The company is on track to achieve its goal of deploying 2,000 robots by the end of the year. Serve Robotics, which was spun off from Uber in 2021, provides AI-powered, low-emission delivery solutions and has partnered with notable companies like Uber Eats and 7-Eleven. The company has established long-term contracts for robot deployment and emphasizes its commitment to sustainable delivery practices. For more information, interested parties can visit their website or follow them on social media.
Potential Positives
- Serve Robotics has achieved the milestone of deploying its 1,000th third generation robot, indicating significant operational progress.
- Over 380 third generation robots were deployed in September alone, showcasing rapid expansion in their service capabilities.
- The company remains on track to meet its goal of deploying 2,000 robots by the end of 2025, signaling strong growth prospects.
- Serve has established scalable multi-year contracts, including a signed agreement with Uber Eats for deploying up to 2,000 delivery robots, highlighting strong partnerships and revenue potential.
Potential Negatives
- Despite the announcement of significant robot deployments, the press release heavily relies on forward-looking statements, indicating uncertainty about future performance and growth, which may raise concerns among investors.
- The mention of numerous risks and uncertainties related to forward-looking statements could potentially undermine confidence in the company's projected success and stability.
FAQ
What milestone did Serve Robotics achieve recently?
Serve Robotics announced the deployment of its 1,000th third-generation delivery robot.
How many robots were deployed in September 2025?
Over 380 third-generation robots were deployed in September 2025 across various communities.
What is Serve Robotics' deployment goal for 2025?
Serve Robotics aims to deploy 2,000 delivery robots by the end of 2025.
Who are some of Serve Robotics' enterprise partners?
Serve Robotics has partnered with companies like Uber Eats and 7-Eleven for deliveries.
How can I find more information about Serve Robotics?
Visit www.serverobotics.com or follow Serve Robotics on social media for more details.
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 39 times in the past 6 months. Of those trades, 0 have been purchases and 39 have been sales.
Here’s a breakdown of recent trading of $SERV stock by insiders over the last 6 months:
- ALI KASHANI (Chief Executive Officer) has made 0 purchases and 4 sales selling 175,572 shares for an estimated $1,801,903.
- BRIAN READ (Chief Financial Officer) has made 0 purchases and 19 sales selling 95,791 shares for an estimated $886,796.
- EUAN ABRAHAM (Chief Hardware & Mftg Offcr) has made 0 purchases and 6 sales selling 48,789 shares for an estimated $639,120.
- TOURAJ PARANG (President & COO) has made 0 purchases and 4 sales selling 60,150 shares for an estimated $620,204.
- DAVID MICHAEL GOLDBERG has made 0 purchases and 2 sales selling 15,700 shares for an estimated $181,648.
- OLIVIER VINCENT sold 8,000 shares for an estimated $91,928
- EVAN DUNN (General Counsel) has made 0 purchases and 2 sales selling 7,015 shares for an estimated $71,570.
- ANTHONY ARMENTA (Chief Software & Data Officer) sold 2,915 shares for an estimated $31,132
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SERV Hedge Fund Activity
We have seen 83 institutional investors add shares of $SERV stock to their portfolio, and 63 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 1,834,462 shares (+345.3%) to their portfolio in Q2 2025, for an estimated $20,986,245
- GEODE CAPITAL MANAGEMENT, LLC added 560,361 shares (+176.0%) to their portfolio in Q2 2025, for an estimated $6,410,529
- STATE STREET CORP added 540,854 shares (+386.2%) to their portfolio in Q2 2025, for an estimated $6,187,369
- MORGAN STANLEY added 469,710 shares (+113.6%) to their portfolio in Q2 2025, for an estimated $5,373,482
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 396,486 shares (-48.0%) from their portfolio in Q2 2025, for an estimated $4,535,799
- TWO SIGMA INVESTMENTS, LP removed 359,310 shares (-63.6%) from their portfolio in Q2 2025, for an estimated $4,110,506
- CUBIST SYSTEMATIC STRATEGIES, LLC removed 358,994 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $4,106,891
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.
$SERV Price Targets
Multiple analysts have issued price targets for $SERV recently. We have seen 2 analysts offer price targets for $SERV in the last 6 months, with a median target of $16.0.
Here are some recent targets:
- Daniel Ives from Wedbush set a target price of $15.0 on 08/27/2025
- Andres Sheppard from Cantor Fitzgerald set a target price of $17.0 on 05/22/2025
Full Release
SAN FRANCISCO, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Serve Robotics Inc. (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced the deployment of its 1,000th third generation robot. Over 380 third generation robots were deployed in September alone, throughout communities across the country. Serve remains on track to hit its goal of deploying 2,000 robots by the end of 2025.
To learn more about Serve Robotics, visit www.serverobotics.com .
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 hundreds 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", “on track” 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, 2024, 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
Serve Robotics
[email protected]
Investor Relations
[email protected]
