Company
Autonomous delivery robot developer whose shares Uber sold in full while reportedly keeping its US partnership in place.
Uber will split the duties of autonomy head Sarfraz Maredia, who leaves Nov. 16 after more than 12 years, between two insiders. He is the third senior autonomy exit since June at a company with more than $10 billion committed to self-driving.
Reality
The Prysm-led Series D is earmarked for an autonomous platform for vehicles smaller than a car. The $3,500 bike is the first housing for the motors, batteries and compute.
Reality
Serve Robotics lost Uber Eats, cut next year's revenue guidance by roughly two thirds, and is now renting demand from DoorDash and Grubhub. The fleet did not shrink. The order flow did.
Reality
With Uber Eats, DoorDash and now Grubhub all able to summon the same robots, Serve is betting the fleet is the asset. The unit economics are still unproven.
Reality
The August 14 announcement names no cities, no dates, no per-city vehicle counts and no supervision model. What it does describe is who buys the cars.
Reality