Serve Robotics Secures $86 Million in New Financing in December, Solidifying Liquidity Position to Transform Last-Mile Delivery
Serve Robotics Inc. (SERV)
Last serve robotics inc. earnings: 2/27 07:00 am
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US:NASDAQ Investor Relations:
investors.servicemaster.com
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Source: GlobeNewswire
SAN FRANCISCO, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Serve Robotics Inc. (“Serve” or the “Company”) (Nasdaq: SERV), a leading autonomous delivery company, today announced that it raised gross proceeds of $86 million during December 2024, bringing total gross proceeds raised in 2024 to $167 million. Since its spinout from Uber in 2021, the Company has secured approximately $220 million in total funding. The additional December 2024 funding includes proceeds raised through Serve’s previously filed ATM facility and the exercise of warrants. As of December 31, 2024, Serve had a total of approximately 51.5 million shares of common stock issued and outstanding. This infusion of capital significantly strengthens Serve’s financial position, extending its expected operational runway approximately through the end of 2026. Serve is now able to self-fund equipment investments, eliminating the near-term need for equipment financing and its associated servicing costs. By preserving balance sheet f
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News
- Why Serve Robotics Stock Surged Today [Yahoo! Finance]Yahoo! Finance
- Serve Robotics (NASDAQ:SERV) is now covered by analysts at Oppenheimer Holdings, Inc.. They set an "outperform" rating on the stock.MarketBeat
- We ‘don't have enough manpower' for the delivery boom, says Singapore-based robotics founder [Yahoo! Finance]Yahoo! Finance
- Serve Robotics: The Robots Are Here, The Economics Aren't (Yet) [Seeking Alpha]Seeking Alpha
- Serve Robotics: Scaling Sidewalk Autonomy Comes At A Cost [Seeking Alpha]Seeking Alpha
SERV
Earnings
- 11/12/25 - Miss
SERV
Sec Filings
- 12/16/25 - Form 4
- 12/15/25 - Form 4
- 12/15/25 - Form 4
- SERV's page on the SEC website