TLDR
- Serve Robotics (SERV) stock jumped 20.41% after announcing a multi-year partnership with DoorDash for autonomous robot deliveries across the United States
- The service has already launched in Los Angeles where DoorDash customers can receive orders via Serve’s sidewalk robots
- Serve Robotics recently passed 1,000 delivery robots in service and plans to reach 2,000 units by year-end
- The company has completed over 100,000 deliveries from more than 2,500 restaurants in cities including Los Angeles, Miami, Dallas, Chicago, and Atlanta
- Financial details of the partnership including revenue sharing arrangements have not been disclosed
Serve Robotics stock jumped 20.41% on Thursday after the company announced a multi-year partnership with DoorDash. The deal brings autonomous sidewalk delivery robots to one of the largest food delivery platforms in the country.
The partnership has already gone live in Los Angeles. DoorDash customers ordering from participating restaurants can now receive their meals via Serve’s autonomous robots. Both companies plan to expand the service to additional markets in the coming months.
This marks an interesting turn for Serve Robotics. The company started as a Postmates project before Uber acquired it in 2020. Uber spun off Serve as an independent company in 2021.
Now Serve is working with DoorDash, one of Uber’s main competitors in the food delivery space. The move shows how the autonomous delivery landscape is evolving beyond traditional partnerships.
Growing Fleet and Track Record
Serve has been scaling up operations quickly. The company surpassed 1,000 delivery robots in service earlier this week. Management aims to double that number to 2,000 robots by the end of the year.
The robots have already proven themselves in real-world conditions. Serve has completed over 100,000 deliveries from more than 2,500 restaurants. The company operates in Los Angeles, Miami, Dallas, Chicago, and Atlanta.
Dr. Ali Kashani, co-founder and CEO of Serve Robotics, said the partnership “allows us to serve more customers.” The rapid fleet expansion now makes more sense given this new partnership.
DoorDash brings a massive merchant network to the table. For Serve, this means access to far more delivery opportunities than it could generate on its own.
How the Partnership Works
The integration connects with DoorDash’s Autonomous Delivery Platform. This system manages different delivery methods at scale. It can route orders to human drivers, robots, or drones depending on what works best.
Harrison Shih, Head of Product for DoorDash Labs, described the company’s vision. “We’re building a multi-modal logistics platform where Dashers, autonomous robots, and drones each play a role in making deliveries faster, more efficient, and more sustainable.”
The sidewalk robots aim to reduce emissions and traffic congestion. They operate on sidewalks rather than roads, avoiding the need for additional vehicle traffic.
Financial Details Remain Unclear
The companies did not disclose financial terms of the partnership. Key questions remain unanswered about revenue sharing arrangements. It’s unclear whether Serve will sell robots to DoorDash or provide delivery services directly.
Serve Robotics faces financial challenges despite the new partnership. The company lost $39 million in 2024. Analysts expect losses to reach $68 million by the end of 2025.
Revenue remains minimal. Serve brought in less than $2 million in 2024. Analysts project revenue could nearly double to $4 million in 2025, but that’s still far from profitability.
The stock closed at $16.55 per share on Thursday. Serve Robotics has a market cap of $823 million. Trading volume reached 1.39 million shares, below the average volume of 7.68 million shares.
The company’s 52-week trading range spans from $4.66 to $24.35 per share. The stock has shown high volatility as investors weigh the company’s growth potential against its current losses.
DoorDash stock traded near its 52-week high on Thursday. The company reported 23.8% year-over-year revenue growth. DoorDash has also announced other autonomous delivery initiatives, including its own robot called Dot and a recent partnership with Kroger to integrate nearly 2,700 stores.
The Los Angeles launch represents the first market where DoorDash customers can receive autonomous robot deliveries from Serve Robotics.
