Watch Out For One NASDAQ- Listed Robotics Stock– Serve Robotics Inc
Jul 22, 2024 | Team Kalkine
Serve Robotics, Inc. (NASDAQ: SERV) is engaged in developing next generation robots for last-mile delivery services. The Company offers an autonomous all-electric robot that makes delivery sustainable and economical. The Company’s fleet consists of over 100 robots. Its autonomous all-electric robot can provide real-time presence and status updates on those platforms and receive requests to perform deliveries with respect to customer orders placed on those platforms as needed.
Serve Robotics was founded in 2017 and develops and operates self-driving vehicles focused on last-mile delivery.
The automated delivery boxes travel via sidewalks and often deliver food orders for delivery platforms like Uber Eats.
"Why deliver 2 pound burritos in 2 ton cars?" Serve asks on its website.
Serve Robotics is small, with a market valuation of about $275 million on Friday. Before the surge on Friday, it was worth just under $100 million. The company generated revenue of just $1 million over the past year.
The automated delivery boxes travel via sidewalks and often deliver food orders for delivery platforms like Uber Eats.
"Why deliver 2 pound burritos in 2 ton cars?" Serve asks on its website.
Serve Robotics is small, with a market valuation of about $275 million on Friday. Before the surge on Friday, it was worth just under $100 million. The company generated revenue of just $1 million over the past year.
Serve Robotics stock soars 241% after Nvidia takes $4 million stake in the company
- Serve Robotics' shares soared 241% after Nvidia disclosed a stake in the company.
- Nvidia's $3.7 million investment in Serve is a convertible debt note that was converted in April.
- Serve Robotics focuses on self-driving delivery vehicles for last-mile deliveries.
Shares of Serve Robotics soared as much as 241% on Friday after Nvidia disclosed a stake in the company.
According to a Form 4 filing made with the SEC on Thursday, Nvidia purchased 1.05 million shares of Serve at a price of $2.42 per share in April, representing a total investment worth just over $3.7 million.
According to a Form 4 filing made with the SEC on Thursday, Nvidia purchased 1.05 million shares of Serve at a price of $2.42 per share in April, representing a total investment worth just over $3.7 million.
Uploaded: May 13, 2024
In this episode of Behind the Bell, Serve Robotics CEO & Co-Founder Dr. Ali Kashani joins us at MarketSite to talk about how the newly Nasdaq listed company is creating a world in which humans and ...
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