Serve Robotics' third-generation delivery robot won Fast Company's award for innovation in Robotics and Automation.
Quiver AI Summary
Serve Robotics Inc. has achieved recognition in Fast Company's "Next Big Things in Tech" list, claiming the top spot in the Robotics and Automation category for its third-generation autonomous delivery robot. This innovation highlights Serve's advancements in last-mile logistics, boasting features like increased speed, longer travel distances, enhanced safety mechanisms, and the capacity to handle larger cargo. Since beginning production in October 2024, Serve has deployed 1,000 Gen3 robots in major U.S. cities and aims to reach 2,000 by the end of 2025, bolstered by partnerships with delivery platforms like DoorDash and Uber Eats. CEO Dr. Ali Kashani emphasized that this award reflects the team's dedication to creating safer and more efficient autonomous delivery solutions.
Potential Positives
- Serve Robotics' third-generation autonomous robot received the top honor in the Robotics and Automation category of Fast Company's "Next Big Things in Tech" list, highlighting the company's innovative advancements.
- The recognition reinforces Serve's position as a leader in last-mile logistics and underscores the efficiency and safety of its delivery solutions.
- Serve has successfully deployed 1,000 of its Gen3 robots across major U.S. cities, demonstrating its rapid growth and scalability in the autonomous delivery market.
- The collaboration with DoorDash aims to expand Serve's reach and increase order volumes, which is expected to optimize robot utilization and boost revenue.
Potential Negatives
- Despite the recognition in Fast Company's list, the reliance on partnerships with major platforms like DoorDash and Uber Eats may indicate a lack of sufficient independent demand for Serve's robots.
- Forward-looking statements highlight risks and uncertainties, which could undermine investor confidence regarding the company's growth prospects and future earnings.
- The significant increase in robot production raises concerns about the company's ability to scale effectively and manage operational challenges as demand evolves.
FAQ
What recognition did Serve Robotics receive in 2025?
Serve Robotics was honored in Fast Company's "Next Big Things in Tech" list, ranking first in the Robotics and Automation category.
What are the key features of Serve’s third-generation robot?
Serve's Gen3 robot is faster, operates longer hours, travels further, and includes enhanced safety features like advanced collision avoidance.
How many Gen3 robots has Serve deployed?
Serve has deployed 1,000 Gen3 robots across major U.S. cities since production began in October 2024.
Which companies are partnering with Serve Robotics?
Serve has strategic partnerships with DoorDash and Uber Eats to enhance its autonomous delivery robot deployments.
What is Serve Robotics' goal for robot deployment by the end of 2025?
Serve aims to deploy a total of 2,000 delivery robots across multiple U.S. markets by the end of 2025.
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 42 times in the past 6 months. Of those trades, 0 have been purchases and 42 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 186,832 shares for an estimated $1,987,352.
- BRIAN READ (Chief Financial Officer) has made 0 purchases and 20 sales selling 95,967 shares for an estimated $889,487.
- TOURAJ PARANG (President & COO) has made 0 purchases and 4 sales selling 64,530 shares for an estimated $691,247.
- EUAN ABRAHAM (Chief Hardware & Mftg Offcr) has made 0 purchases and 6 sales selling 49,961 shares for an estimated $659,833.
- EVAN DUNN (General Counsel) has made 0 purchases and 4 sales selling 27,473 shares for an estimated $380,294.
- 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
- 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 64 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
Serve’s third-generation autonomous robot was recognized in the Robotics and Automation category
This annual list honors groundbreaking advancements redefining the way we work and live
SAN FRANCISCO, Oct. 14, 2025 (GLOBE NEWSWIRE) -- Serve Robotics Inc. (Nasdaq: SERV), a leading autonomous sidewalk delivery company, has been honored in Fast Company's " Next Big Things in Tech " list, securing the top spot in the Robotics and Automation category. This accolade underscores Serve's impact on last-mile logistics through its innovative, AI-powered delivery solutions.
Serve’s recognition spotlights its third-generation autonomous sidewalk delivery robot, designed to deliver faster, farther and safer than previous models. The third-generation robot operates nearly twice as fast, travels double the distance, runs six additional hours per day and carries larger cargo loads. Enhanced safety includes fail-safe mechanical brakes, autonomous collision avoidance and an emergency braking system that stops 40% faster.
Since commencing production in October 2024, Serve has deployed 1,000 Gen3 robots across major U.S. cities, including Los Angeles, Chicago, Dallas, Atlanta and Miami. The company is on track to reach its goal of 2,000 robots by the end of 2025.
Serve's growth is further propelled by strategic partnerships with leading delivery platforms. In October 2025, Serve announced a collaboration with DoorDash to integrate its autonomous delivery robots into DoorDash’s food delivery ecosystem, beginning in Los Angeles. This is in addition to its years-long partnership with Uber Eats and aims to expand Serve's reach and increase order volumes for its robot fleet, optimizing robot utilization and boosting revenue.
"Receiving this prestigious award from Fast Company is a testament to the dedication and ingenuity of our team," said Dr. Ali Kashani, CEO and co-founder of Serve Robotics. "Developing our third-generation robot required years of innovation and collaboration. This recognition validates our engineers, designers and operations teams for making autonomous delivery safer, more efficient and sustainable."
For more information or to view the complete list of honorees, visit
here
.
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 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 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.
Safe Harbor 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]
