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
- Serve Robotics Announces $80 Million Registered Direct Offering of Common StockGlobeNewswire
- Serve Robotics Inc. (SERV): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- Serve Robotics Announces Appointment of Lily Sarafan to its Board of DirectorsGlobeNewswire
- Serve Robotics Appoints Anthony Armenta as Chief Software & Data OfficerGlobeNewswire
- Serve Robotics Inc. 2024 Q3 - Results - Earnings Call Presentation [Seeking Alpha]Seeking Alpha
SERV
Earnings
- 11/7/24 - In-Line
SERV
Sec Filings
- 1/7/25 - Form 424B3
- 1/7/25 - Form 424B3
- 1/7/25 - Form 424B3
- SERV's page on the SEC website