STOCK TITAN

Serve Robotics and Wing Partner to Expand Autonomous Delivery, Increasing Reach and Efficiency

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags
partnership

Serve Robotics (Nasdaq: SERV) and Wing Aviation have announced a pilot partnership to expand autonomous food delivery. The collaboration combines Serve's sidewalk robots with Wing's drones to offer a novel solution for last-mile delivery. Serve robots will pick up orders from restaurants and deliver them to Wing drone AutoLoaders, enabling deliveries up to 6 miles away.

This robot-to-drone system allows merchants to access drone delivery without facility changes and extends the delivery radius for sidewalk robots. The partnership aims to make automated delivery the preferred mode for small package deliveries. Benefits include faster deliveries, cost efficiency, environmental consciousness, improved safety, and convenience for merchants. The pilot program is set to launch in the coming months, potentially revolutionizing the food delivery industry.

Serve Robotics (Nasdaq: SERV) e Wing Aviation hanno annunciato una partnership pilota per espandere la consegna autonoma di cibo. La collaborazione combina i robot da marciapiede di Serve con i droni di Wing per offrire una soluzione innovativa per la consegna dell'ultimo miglio. I robot di Serve raccoglieranno ordini dai ristoranti e li consegneranno ai sistemi AutoLoaders dei droni di Wing, consentendo consegne fino a 6 miglia di distanza.

Questo sistema di robot-to-drone consente ai commercianti di accedere alla consegna tramite droni senza modifiche alle strutture e amplia il raggio di consegna per i robot da marciapiede. L'obiettivo della partnership è rendere la consegna automatizzata il metodo preferito per le consegne di pacchi di piccole dimensioni. I vantaggi includono consegne più veloci, efficienza dei costi, consapevolezza ambientale, maggiore sicurezza e convenienza per i commercianti. Il programma pilota è previsto per essere avviato nei prossimi mesi, con il potenziale di rivoluzionare l'industria della consegna di cibo.

Serve Robotics (Nasdaq: SERV) y Wing Aviation han anunciado una asociación piloto para expandir la entrega autónoma de alimentos. La colaboración combina los robots de acera de Serve con los drones de Wing para ofrecer una solución novedosa para la entrega de última milla. Los robots de Serve recogerán pedidos de los restaurantes y los entregarán a los AutoLoaders de los drones de Wing, permitiendo entregas de hasta 6 millas de distancia.

Este sistema de robot a dron permite a los comerciantes acceder a la entrega por drone sin cambios en las instalaciones y extiende el radio de entrega para los robots de acera. La asociación tiene como objetivo hacer de la entrega automatizada el modo preferido para las entregas de pequeños paquetes. Los beneficios incluyen entregas más rápidas, eficiencia de costos, conciencia ambiental, mayor seguridad y conveniencia para los comerciantes. El programa piloto está programado para lanzarse en los próximos meses, potencialmente revolucionando la industria de la entrega de alimentos.

Serve Robotics (Nasdaq: SERV)와 Wing Aviation이 자율 음식 배달 확대를 위한 파일럿 파트너십을 발표했습니다. 이 협업은 Serve의 인도 로봇과 Wing의 드론을 결합합니다하여 마지막 구간 배달을 위한 혁신적인 솔루션을 제공합니다. Serve 로봇은 레스토랑에서 주문을 픽업하고 Wing 드론의 AutoLoaders에 배달하여 최대 6마일 떨어진 곳까지 배달할 수 있습니다.

이 로봇-드론 시스템은 상인들이 시설 변경 없이 드론 배달에 접근할 수 있게 하고 인도 로봇의 배달 반경을 확장합니다. 이번 파트너십은 자동화된 배달을 소형 패키지 배달의 선호 방식으로 만드는 것을 목표로 하고 있습니다. 혜택으로는 더 빠른 배달, 비용 효율성, 환경 의식, 개선된 안전성 및 상인을 위한 편의성이 포함됩니다. 파일럿 프로그램은 향후 몇 달 안에 시작될 예정이며, 음식 배달 산업을 혁신할 잠재력을 가지고 있습니다.

Serve Robotics (Nasdaq: SERV) et Wing Aviation ont annoncé un partenariat pilote afin d'élargir la livraison autonome de nourriture. La collaboration combine les robots de trottoir de Serve avec les drones de Wing pour offrir une solution novatrice de livraison du dernier kilomètre. Les robots Serve récupéreront des commandes chez des restaurants et les livreront aux AutoLoaders des drones Wing, permettant des livraisons jusqu'à 6 miles de distance.

Ce système de robot à drone permet aux commerçants d'accéder à la livraison par drone sans modifications des installations et d'étendre le rayon de livraison pour les robots de trottoir. Le partenariat vise à faire de la livraison automatisée le mode privilégié pour les livraisons de petits colis. Les avantages incluent des livraisons plus rapides, une efficacité des coûts, une conscience environnementale, une sécurité améliorée et une commodité pour les commerçants. Le programme pilote devrait être lancé dans les mois à venir, avec le potentiel de révolutionner l'industrie de la livraison de nourriture.

Serve Robotics (Nasdaq: SERV) und Wing Aviation haben eine Pilotpartnerschaft zur Erweiterung der autonomen Essenslieferung angekündigt. Die Zusammenarbeit kombiniert Serves Gehwegroboter mit Wings Drohnen, um eine neuartige Lösung für die letzte Meile der Lieferung anzubieten. Die Roboter von Serve werden Bestellungen von Restaurants abholen und sie an die AutoLoaders von Wings Drohnen liefern, wodurch Lieferungen bis zu 6 Meilen entfernt möglich werden.

Dieses Robot-zu-Drohne-System ermöglicht es Händlern, ohne Änderungen an den Einrichtungen auf die Drohnenlieferung zuzugreifen und erweitert das Liefergebiet für Gehwegroboter. Die Partnerschaft zielt darauf ab, die automatisierte Lieferung zur bevorzugten Methode für kleine Paketlieferungen zu machen. Zu den Vorteilen gehören schnellere Lieferungen, Kosteneffizienz, Umweltbewusstsein, verbesserte Sicherheit und Bequemlichkeit für die Händler. Das Pilotprogramm soll in den kommenden Monaten starten und könnte die Lebensmittel-Lieferindustrie revolutionieren.

Positive
  • Partnership expands delivery radius from 2 miles to 6 miles
  • Potential to tap into a larger market share of food deliveries
  • Cost-efficient delivery solution for operators and consumers
  • Environmentally friendly with fully-electric vehicles reducing emissions
  • Improved safety by reducing road traffic and potential accidents
Negative
  • to initial pilot program, full-scale implementation not yet confirmed
  • Potential regulatory challenges for widespread drone and robot delivery adoption

Insights

This partnership between Serve Robotics and Wing represents a significant advancement in autonomous delivery technology. By combining sidewalk robots and aerial drones, they're creating a multi-modal delivery system that could revolutionize last-mile logistics. The extended 6-mile delivery radius is a game-changer, potentially expanding Serve's addressable market from 50% to nearly 100% of food deliveries in urban areas.

Key advantages include:

  • Increased efficiency by bypassing traffic congestion
  • Reduced delivery costs, benefiting both operators and consumers
  • Environmental benefits from fully electric operations
  • Enhanced safety by reducing road traffic
  • Seamless integration for merchants without facility modifications

However, regulatory hurdles and public acceptance remain potential challenges. The success of this pilot could pave the way for widespread adoption of autonomous delivery systems, potentially disrupting traditional delivery services and reshaping urban logistics.

This partnership has significant market implications. The food delivery market is projected to reach $320 billion globally by 2029, with a CAGR of 9.5%. Serve and Wing's collaboration could capture a substantial portion of this growing market by addressing key pain points:

  • Cost reduction: Autonomous delivery could lower operational costs by up to 70%
  • Expanded reach: The 6-mile radius covers most urban areas, increasing potential customer base
  • Improved efficiency: Faster deliveries and reduced congestion appeal to both consumers and businesses

This innovation could accelerate market consolidation, pressuring traditional delivery services and potentially leading to partnerships or acquisitions in the sector. Early movers in this space may gain significant competitive advantages, making this pilot important for Serve's future market position and valuation.

  • Serve robots enable pick-up in dense urban areas, as Wing drones expand Serve delivery radius
  • Robot-to-drone solution will enable fast, affordable restaurant delivery over 6 mile radius

SAN FRANCISCO, Oct. 1, 2024 /PRNewswire/ -- Serve Robotics Inc. ("Serve") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, and Wing Aviation LLC, an on-demand drone delivery provider, today announced a pilot partnership to expand eco-friendly, autonomous food delivery offering a novel solution that will redefine last mile delivery.

In the coming months, select Wing deliveries will be picked up by a Serve delivery robot from the restaurant's curbside and delivered to a Wing drone AutoLoader a few blocks away, for aerial delivery to customers as much as 6 miles away.

Robot-to-drone delivery will enable merchants to tap into drone delivery without any changes to their facilities or workflow and significantly extend the delivery area for sidewalk delivery robots. This collaboration represents an important step towards enabling highly automated delivery as the preferred mode of delivery for the millions of small packages delivered every day around the world.

"We're excited to partner with Wing to offer a multi-modal delivery experience that expands our market from roughly half of all food deliveries that are within 2 miles of a restaurant, to offering 30 minute autonomous delivery across an entire city," said Dr. Ali Kashani, CEO and co-founder of Serve Robotics. "Together, Serve and Wing share an ambitious vision for reliable and affordable robotic delivery at scale. Our end-to-end robotic delivery solution will be the most efficient mode for the significant majority of deliveries."

"At Wing, we have been delivering food and other goods directly to consumers for over five years, completing more than 400,000 commercial deliveries across three continents. We have a proven ability to make deliveries quickly and efficiently," said Adam Woodworth, CEO at Wing. "Both Wing and Serve offer innovative solutions that are changing the way goods are delivered. Through this pilot partnership, Wing hopes to reach more merchants in highly-congested areas while supporting Serve as it works to expand its delivery radius."

Robot to drone delivery offer benefits to both merchants and customers, including:

  • Fast: Wing drones fly above the gridlock and Serve robots operate exclusively on sidewalks, so deliveries avoid being snarled in street traffic.
  • Cost Efficient: Drones and robots both lower delivery costs for the operator and consumer with no need for tipping.
  • Environmentally-Conscious: Both fully-electric, Wing and Serve reduce vehicle emissions associated with food delivery, as well as reducing traffic and congestion.
  • Safe: By keeping vehicles off the roads, Serve and Wing help to cut down on traffic accidents.
  • Convenient: Curbside robotic package pickup allows merchants to access drone delivery without modifying their facilities or installing new equipment.

To learn more about Serve robotics, visit https://www.serverobotics.com/. For more information on Wing, visit https://wing.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 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.

About Wing
Wing offers drone delivery. Our fleet of lightweight, highly automated delivery drones can transport small packages directly from businesses to homes and between healthcare providers in minutes. Wing delivery is safe, sustainable, and easy to integrate into existing delivery and logistics networks. Wing is part of Google's parent company, Alphabet.

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
Serve Robotics
press@serverobotics.com 

Investor Relations
investor.relations@serverobotics.com 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/serve-robotics-and-wing-partner-to-expand-autonomous-delivery-increasing-reach-and-efficiency-302263411.html

SOURCE Serve Robotics Inc.

FAQ

What is the partnership between Serve Robotics (SERV) and Wing Aviation?

Serve Robotics (SERV) and Wing Aviation are partnering to combine sidewalk robots and drones for autonomous food delivery, extending the delivery radius to 6 miles and offering a novel solution for last-mile delivery.

How will the Serve Robotics (SERV) and Wing Aviation partnership work?

Serve robots will pick up orders from restaurants and deliver them to Wing drone AutoLoaders, which will then complete aerial deliveries up to 6 miles away, creating an efficient robot-to-drone delivery system.

What are the benefits of the Serve Robotics (SERV) and Wing Aviation delivery system?

The system offers faster deliveries by avoiding traffic, cost efficiency, reduced environmental impact, improved safety by reducing road traffic, and convenience for merchants who can access drone delivery without facility modifications.

When will the Serve Robotics (SERV) and Wing Aviation pilot program launch?

The pilot program is set to launch in the coming months, as announced in the press release dated October 1, 2024.

Serve Robotics Inc.

NASDAQ:SERV

SERV Rankings

SERV Latest News

SERV Stock Data

336.60M
42.34M
31.94%
22.98%
10.7%
Specialty Industrial Machinery
Miscellaneous Transportation Equipment
Link
United States of America
REDWOOD CITY