Serve Robotics Rolls Out Third-Generation Autonomous Delivery Robot; Platform Upgrade Will Support National Scaling
Serve Robotics Inc. (Nasdaq: SERV) has unveiled its third-generation autonomous delivery robot, designed for national scaling. The new model offers enhanced capabilities at reduced manufacturing costs, with 2,000 units set for deployment in 2025 on the Uber Eats platform across multiple U.S. markets.
Key improvements include:
- Doubled speed and travel distance on a single charge
- 6 more hours of field operation daily
- 5x more on-board computing power
- 15% larger cargo capacity
- Enhanced weather resistance and smoother ride
- 40% quicker emergency braking
These advancements support Serve's commitment to safety and efficiency in sidewalk delivery. The company plans to deploy the new robots in Los Angeles and a new metro market in the coming months.
Serve Robotics Inc. (Nasdaq: SERV) ha presentato il suo robot per la consegna autonoma di terza generazione, progettato per una scalabilità nazionale. Il nuovo modello offre capacità avanzate a costi di produzione ridotti, con 2.000 unità pronte per il dispiegamento nel 2025 sulla piattaforma Uber Eats in diversi mercati statunitensi.
Le principali migliorie includono:
- Velocità e distanza di viaggio raddoppiate con una singola carica
- 6 ore aggiuntive di operatività quotidiana sul campo
- 5 volte maggiore potenza di calcolo a bordo
- Capacità di carico maggiorata del 15%
- Maggiore resistenza alle intemperie e corsa più fluida
- Frenata d'emergenza più rapida del 40%
Questi progressi supportano l'impegno di Serve per la sicurezza e l'efficienza nelle consegne su marciapiede. L'azienda prevede di dispiegare i nuovi robot a Los Angeles e in un nuovo mercato metropolitano nei prossimi mesi.
Serve Robotics Inc. (Nasdaq: SERV) ha presentado su robot de entrega autónoma de tercera generación, diseñado para una expansión nacional. El nuevo modelo ofrece capacidades mejoradas a costos de fabricación reducidos, con 2,000 unidades previstas para su implementación en 2025 en la plataforma de Uber Eats en varios mercados de EE.UU.
Las mejoras clave incluyen:
- Velocidad y distancia de viaje duplicadas con una sola carga
- 6 horas más de operación diaria en el campo
- 5 veces más potencia de computación a bordo
- 15% más de capacidad de carga
- Mayor resistencia a las condiciones climáticas y un viaje más suave
- Frenado de emergencia 40% más rápido
Estos avances respaldan el compromiso de Serve con la seguridad y la eficiencia en las entregas en aceras. La empresa planea implementar los nuevos robots en Los Ángeles y en un nuevo mercado metropolitano en los próximos meses.
Serve Robotics Inc. (Nasdaq: SERV)는 국가적인 확장을 위해 설계된 3세대 자율 배달 로봇을 공개했습니다. 새로운 모델은 제조 비용을 줄이면서 향상된 기능을 제공합니다. 2025년까지 2,000대가 여러 미국 시장의 Uber Eats 플랫폼에 배포될 예정입니다.
주요 개선 사항은 다음과 같습니다:
- 단일 충전으로 속도와 주행거리 두 배 증가
- 현장 작업 일일 6시간 추가
- 온보드 컴퓨팅 파워 5배 증가
- 15% 더 큰 화물 용량
- 향상된 기상 저항성과 부드러운 주행
- 비상 제동 40% 더 빠름
이러한 발전은 인도 배달의 안전성과 효율성에 대한 Serve의 헌신을 지원합니다. 회사는 향후 몇 달 내로 로스앤젤레스와 새로운 대도시 시장에 새로운 로봇을 배포할 계획입니다.
Serve Robotics Inc. (Nasdaq: SERV) a dévoilé son robot de livraison autonome de troisième génération, conçu pour une expansion nationale. Le nouveau modèle offre des capacités améliorées à des coûts de fabrication réduits, avec 2 000 unités prévues pour déploiement en 2025 sur la plateforme Uber Eats dans plusieurs marchés américains.
Les principales améliorations comprennent :
- Vitesse et distance de trajet doublées avec une seule charge
- 6 heures supplémentaires d'opérations sur le terrain par jour
- 5 fois plus de puissance de calcul embarquée
- 15 % de capacité de charge en plus
- Résistance accrue aux intempéries et conduite plus fluide
- Freinage d'urgence 40 % plus rapide
Ces avancées soutiennent l'engagement de Serve en matière de sécurité et d'efficacité dans les livraisons sur trottoir. L'entreprise prévoit de déployer les nouveaux robots à Los Angeles et dans un nouveau marché métropolitain dans les mois à venir.
Serve Robotics Inc. (Nasdaq: SERV) hat seinen dritten Generation von autonomen Lieferrobotern vorgestellt, der für eine nationale Skalierung konzipiert ist. Das neue Modell bietet verbesserte Funktionen bei reduzierten Herstellungskosten, mit 2.000 Einheiten, die 2025 auf der Uber Eats-Plattform in mehreren US-Märkten eingesetzt werden sollen.
Wesentliche Verbesserungen umfassen:
- Verdoppelte Geschwindigkeit und Reiseweite mit voller Ladung
- 6 zusätzliche Stunden Einsatztag im Feld
- 5x mehr Rechenleistung an Bord
- 15% größere Ladekapazität
- Verbesserte Wetterbeständigkeit und sanftere Fahrt
- 40% schnellere Notbremsung
Diese Fortschritte unterstützen das Engagement von Serve für Sicherheit und Effizienz bei der Lieferungen auf Gehwegen. Das Unternehmen plant, die neuen Roboter in Los Angeles und einem neuen Metromarkt in den kommenden Monaten einzuführen.
- Manufacturing cost of robots halved, improving cost-efficiency
- 2,000 new units to be deployed in 2025 across multiple U.S. markets
- Doubled speed and travel distance on a single charge, enhancing delivery efficiency
- 15% larger cargo capacity, allowing for more deliveries per trip
- Enhanced weather resistance, expanding operational capabilities
- 40% quicker emergency braking, improving safety features
- Partnership with Magna International for mass manufacturing, ensuring quality and performance
- None.
Insights
Serve Robotics' third-generation delivery robot represents a significant leap in autonomous delivery technology. The new model boasts impressive improvements in several key areas:
- Speed and range doubled
- 6 more operational hours daily
- 5x more computing power
- 15% larger cargo capacity
- 40% faster emergency braking
- 50% reduction in manufacturing costs
These advancements position Serve to scale nationally and potentially disrupt the last-mile delivery market. The planned deployment of 2,000 units in 2025 through Uber Eats is substantial and could significantly impact the company's revenue and market share. However, investors should consider the capital expenditure required for this expansion and potential regulatory challenges in new markets. The partnership with Magna International for manufacturing suggests a robust supply chain, which is important for scaling operations efficiently.
The autonomous delivery market is rapidly evolving and Serve's latest robot positions the company as a strong contender. Key market implications include:
- Potential for reduced delivery costs, benefiting both Serve and partners like Uber Eats
- Increased competitiveness against human couriers and other robotic delivery services
- Expansion into new markets, indicating growing acceptance of autonomous delivery
The 50% reduction in manufacturing costs is particularly significant, as it could accelerate the path to profitability. Investors should watch for metrics on delivery efficiency, customer satisfaction and regulatory approvals in new markets. The company's ability to execute its 2025 deployment plan will be important in assessing its long-term potential. While the technology is promising, the success of autonomous delivery at scale remains unproven, presenting both opportunity and risk for investors.
- Faster, smarter delivery robots will support Serve’s scaling across the U.S.
- Manufacturing cost halved, while advancing safety, autonomy, performance and speed
- New robots have entered manufacturing and are on track for deployment in 2025
SAN FRANCISCO, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Serve Robotics Inc. ("Serve") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today unveiled its third-generation autonomous delivery robot. The new model boasts significantly enhanced capabilities, achieved at substantially reduced manufacturing cost. The third-generation robot has entered manufacturing and 2,000 new units are on track to be deployed in 2025 on the Uber Eats platform across multiple U.S. markets.
Serve’s third-generation robots are designed to carry more goods, enable more deliveries, and further reduce the cost of delivery. They can move roughly twice as fast, travel approximately twice as far on a single charge, and spend 6 more hours in the field each day. Serve robots’ intelligence and autonomy are significantly advanced by the addition of Nvidia’s Jetson Orin module with 5x more on-board computing power, Ouster’s new REV7 digital lidar, and major upgrades to the robots’ sensor suite. These hardware advancements enable third-generation robots to deploy Serve’s newest and most powerful AI model architecture, embed new AI capabilities, and execute autonomous navigation decisions faster.
The third-generation robots also enjoy an expanded cargo bin that holds four large 16-inch pizzas or
Importantly, these hardware and software enhancements combine to extend Serve’s commitment to safety on the sidewalk. In addition to market-leading safety capabilities, including fail-safe mechanical braking and autonomous collision avoidance, the third-generation robots introduce enhanced emergency braking — stopping
"Producing a cutting-edge robot that can drive faster and further while running 5 times more AI and slashing costs by half is a true engineering feat. I am proud of what our team has accomplished with our third-generation robot, which represents the culmination of years of relentless effort. Our new robot puts Serve significantly down the cost curve and ahead of the competition as we roll out one of the largest autonomous fleets in the country in the coming months,” said Dr. Ali Kashani, CEO and co-founder of Serve Robotics.
“We are excited to have begun mass manufacturing of our third-generation robot in collaboration with Magna International. By utilizing a global supply chain and final assembly in North America, we have ensured exceptional quality and performance. Our rigorous engineering, validation, and testing processes have confirmed that this is the most rugged and high-performing robot we’ve ever created. Our cutting-edge robots will wheel into new cities and neighborhoods in 2025 and we can’t wait for users to experience their delivery capabilities first-hand,” said Euan Abraham, Chief Hardware & Manufacturing Officer of Serve Robotics.
In the coming months, Serve will deploy its newest robots across Los Angeles and in one new metro market.
To learn more about Serve robotics, visit https://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 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, performance, or capabilities of our robots 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.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/071c90f0-2c0d-4d86-afd6-57642231e57a
https://www.globenewswire.com/NewsRoom/AttachmentNg/b06e9439-2317-4759-b919-8d1bfb5f12f6
FAQ
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