December 6, 2021
Serve Robotics, which develops autonomous sidewalk delivery robots, has announced closing $13 million in an expanded seed funding round. The new capital will be used to accelerate commercialization and scaling, drive fleet expansion, grow new markets and continue to develop the product, the company said.
Participation in the round included strategic investors Uber Technologies, Delivery Hero-backed DX Ventures; 7-Ventures LLC (7-Eleven’s corporate venture arm) and Wavemaker Partners’ food automation venture studio Wavemaker Labs. The new round extends Serve’s previous seed funding by existing investors Neo, Western Technology Investment, and Scott Banister.
Founded in 2017 as the robotics division of Postmates, Serve is now an independent company looking to make delivery more affordable, sustainable and accessible for everyone. The company said its self-driving robots have completed tens of thousands of contactless deliveries in major U.S. Cities.
“Serve Robotics is pleased to have the backing of strong strategic partners able to support our intention to provide sustainable, self-driving delivery at scale,” said Ali Kashani, co-founder and CEO of Serve Robotics. “This initial round of financial and strategic support will allow us to continue advancing our technology, grow our team, and expand our partnership platform.”
Last month, the company announced a partnership with Uber to expand robotic delivery service to Uber Eats customers in Los Angeles.
“Our vision at 7-Eleven is to be the first choice for convenience – anytime, anywhere. We are redefining convenience by delivering innovative shopping solutions to our customers,” said Raghu Mahadevan, the senior vice president and chief digital officer at 7-Eleven. “This collaboration will allow us to continue our 94-year legacy of innovation and expand our last-mile delivery capabilities to make 7NOW more affordable, sustainable and accessible for everyone.”
For more details on Serve Robotics, visit its website here.