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Serve Robotics integrates DriveU.auto's connectivity platform to support scale deployment of fleet

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DriveU.auto and Serve Robotics have announced the integration of DriveU.auto's connectivity platform into Serve's fleet of autonomous delivery robots. This integration aims to enhance remote monitoring capabilities, allowing real-time telemetrics, cloud computing access, and remote supervision. Serve Robotics, which plans to deploy up to 2,000 robots on the Uber Eats platform, chose DriveU.auto for its reliable, low-latency connectivity and Nvidia Jetson platform support. This partnership is intended to improve fleet performance, operational efficiencies, and scalability, ultimately advancing Serve's mass-market autonomous delivery ambitions.

Positive
  • Serve Robotics plans to deploy up to 2,000 robots on the Uber Eats platform, indicating significant growth potential.
  • DriveU.auto's platform offers reliable, low-latency, and uninterrupted connectivity, enhancing remote monitoring capabilities.
  • Integration with Nvidia Jetson platform provides hardware-accelerated video encoding and decoding, improving video quality and reducing network bandwidth.
  • Partnership aims to unlock operational efficiencies and economies of scale, beneficial for Serve's mass-market aspirations.
  • DriveU.auto's expanding commercial partnerships reflect its strong position in the autonomous vehicle (AV) connectivity market.
Negative
  • No detailed financial data provided, making it difficult to assess the immediate financial impact on Serve Robotics.
  • Potential risks associated with scaling up to 2,000 robots, including technical challenges and operational disruptions.
  • Dependence on a single partner for critical connectivity could pose risks if DriveU.auto faces performance issues.

Insights

The integration of DriveU.auto's connectivity platform into Serve Robotics' fleet is a significant technological advancement. The use of DriveU's low-latency and uninterrupted connectivity can greatly enhance the reliability and performance of Serve's delivery robots. This technology enables real-time telemetric data sharing and remote supervision, which are critical for scaling operations efficiently. Additionally, the support for Nvidia Jetson hardware improves video encoding and decoding, which means better video quality and reduced bandwidth requirements. In the long run, this partnership can help Serve Robotics achieve economies of scale and operational efficiencies, critical for a wide-scale deployment on platforms like Uber Eats.

This strategic partnership between Serve Robotics and DriveU.auto has substantial implications for the autonomous delivery market. By incorporating DriveU's connectivity platform, Serve is positioned to significantly improve the operational efficiency and scaling capabilities of its fleet. This move can potentially increase the appeal of Serve's robots among logistics and delivery companies looking for reliable autonomous solutions. For investors, this could mean growth in market share and possibly higher revenues if Serve successfully scales to the projected 2,000 robots on the Uber Eats platform. Additionally, this collaboration demonstrates Serve Robotics' commitment to leveraging advanced technologies to enhance their product offering, which can translate into a stronger competitive edge in the autonomous delivery sector.

Serve Robotics' decision to integrate DriveU.auto's connectivity platform is likely to have positive financial implications. The enhanced performance and reliability of Serve's fleet could lead to increased demand and potential revenue growth. With plans to scale to up to 2,000 robots, investors might see improved financial performance in the upcoming quarters as operational efficiencies decrease costs. Moreover, strategic partnerships like this often bolster investor confidence as they demonstrate proactive measures towards achieving long-term scalability and profitability. However, investors should also monitor the costs associated with this integration and any impact on Serve's financial metrics in the short term.

TEL AVIV, Israel and SAN FRANCISCO, June 3, 2024 /PRNewswire/ -- DriveU.auto (or "DriveU"), a leading provider of connectivity platforms for autonomous vehicles, and Serve Robotics (or "Serve") (Nasdaq:SERV), a leading provider of autonomous delivery robots, today announced the deployment of DriveU.auto's connectivity platform on Serve's commercially-deployed robotic fleet. Serve will leverage DriveU's platform to enhance the performance of remote monitoring of its autonomous delivery robots—adding to the suite of tools Serve utilizes as it works to deploy up to 2,000 robots on the Uber Eats platform.

"To rapidly scale to thousands of robots, Serve needs to leverage world-class technology partners like DriveU.auto"

Serve evaluated DriveU alongside competitive offerings and determined that DriveU's platform provides reliable, low-latency and uninterrupted connectivity that allows robots to share real-time telemetrics, access cloud computing, and enable remote supervision in edge cases. Serve also values DriveU.auto's native support of the Nvidia Jetson platform, which provides hardware-accelerated video encoding and decoding, reduces network bandwidth and latency, and results in better video quality.

"In order to rapidly scale to thousands of robots, Serve needs to leverage the capabilities of world-class technology partners like DriveU.auto," said Dmitry Demeshchuk, Co-founder and Vice President of Software Engineering at Serve. "DriveU's connectivity platform will help us improve the resilience and performance of our fleet, unlock operational efficiencies, and realize economies of scale as we pursue mass market autonomous delivery."

"We are thankful for the opportunity to engage as a trusted partner with Serve Robotics," said Alon Podhurst, CEO of DriveU.auto. "DriveU.auto is committed to enabling the large-scale rollout of driverless fleets safely and efficiently. Connectivity is a critical element in every driverless vehicle. Our expanding roster of commercial partnerships is a testament to DriveU's leading position in enabling AV operations."

About DriveU.auto

DriveU.auto, an Israel-based startup, developed and is deploying a software-based connectivity platform for teleoperation of robots and autonomous vehicles.

The DriveU.auto solution enables both remote driving (direct drive) or high-level commands (remote assistance), at very low latency and high reliability based on proprietary cellular bonding and dynamic video encoding technologies. DriveU.auto customers and partners—autonomous vehicles' developers (cars, trucks, and shuttles), makers of delivery robots, OEMs, and tier 1s—have been using the DriveU platform on roads in the EU, US, China, Japan and Israel.

www.driveu.auto

About Serve Robotics

Backed by Uber and NVIDIA, 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.

Contacts

DRIVEU

Ruth Zamir
pr@g2mteam.com
1-972-52-854-5126

SERVE ROBOTICS

Aduke Thelwell
Head of Communications & Investor Relations
Serve Robotics
aduke.thelwell@serverobotics.com
347-464-8510

CORE IR
investor.relations@serverobotics.com

Cision View original content:https://www.prnewswire.com/news-releases/serve-robotics-integrates-driveuautos-connectivity-platform-to-support-scale-deployment-of-fleet-302161934.html

SOURCE Serve Robotics Inc.

FAQ

What is the recent partnership between Serve Robotics and DriveU.auto about?

Serve Robotics has integrated DriveU.auto's connectivity platform to enhance the remote monitoring of its autonomous delivery robots.

How many robots does Serve Robotics plan to deploy with the new connectivity platform?

Serve Robotics plans to deploy up to 2,000 autonomous delivery robots on the Uber Eats platform.

What are the benefits of DriveU.auto's connectivity platform for Serve Robotics?

DriveU.auto's platform provides reliable, low-latency connectivity, real-time telemetrics, and support for Nvidia Jetson, which improves video quality and reduces bandwidth.

Why did Serve Robotics choose DriveU.auto's platform?

Serve Robotics chose DriveU.auto's platform for its reliable, low-latency connectivity and native support for Nvidia Jetson, which enhances performance and scalability.

What is the stock symbol of Serve Robotics?

The stock symbol for Serve Robotics is SERV.

Serve Robotics Inc.

NASDAQ:SERV

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