Latest news with #AliKashani
Yahoo
11-07-2025
- Business
- Yahoo
Serve Robotics Launches Its Autonomous Delivery Robots in Atlanta
Serve Robotics Inc. (NASDAQ:SERV) is one of the . On June 26, the company unveiled plans to launch its service in Atlanta. Recently, the company has launched autonomous delivery robots across Midtown, Old Fourth Ward, and Downtown Atlanta, bringing premium services to over 50,000 people in the area. The company is refining its business through its ongoing collaboration with Uber Eats, the basis of its successful launches in Los Angeles, Miami, and Dallas-Fort Worth. Serve Robotics Inc. (NASDAQ:SERV) is committed to solidifying its position as a premium delivery service through its mission to deploy 2,000 AI delivery robots across the country by the end of 2025. 'As one of the largest and fastest-growing markets in the Southeast, Atlanta is a strategic next step for our planned nationwide expansion. We are pleased to be one of the first robotics companies to enter the market and bring our friendly approach to robotic delivery,' said Dr. Ali Kashani, CEO and co-founder of Serve Robotics. Serve Robotics Inc. (NASDAQ:SERV) designs and develops low-emission robots with a focus on food delivery in the United States. The company spun off from Uber in 2021 as an independent entity. While we acknowledge the potential of SERV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
TechCrunch
26-06-2025
- Business
- TechCrunch
Uber has Atlanta's autonomous ride-hailing and delivery market on lock
Uber Eats customers in Atlanta can now opt in to have their food delivered via sidewalk delivery robots, following partner Serve Robotics's launch on Thursday. The move comes just two days after Uber and Waymo launched a commercial robotaxi service in the city. Serve, which spun out of Uber in 2021 before braving the public markets last year, is one of 18 autonomous vehicle companies that Uber has partnered with to get a first-mover advantage on the consumer-facing side of autonomy. The ride-hailing and delivery giant said it has an annual run rate of 1.5 million mobility and delivery AV trips on its network. Atlanta marks Serve's fourth commercial city after launching in partnership with Uber in Los Angeles, Miami, and Dallas Forth Worth. Unlike many of its competitors that are scaling by entering college campuses, Serve is only launching in urban environments. CEO Ali Kashani has told TechCrunch that this is because sidewalks on city streets are a harder problem to solve with a greater opportunity for revenue. Serve didn't share how many bots it deployed in Atlanta at launch, though the company expects to expand from roughly 100 bots in Los Angeles today to 2,000 across several U.S. cities by the end of 2025. A Serve spokesperson told TechCrunch that Uber Eats customers will be able to receive robot deliveries throughout metro Atlanta — from Midtown to Old Fourth Ward and Downtown Atlanta — with plans to expand the operating territory in the future. The service will be available from 9 a.m. to 10 p.m., according to Uber. Participating restaurants in Atlanta include Rreal Tacos, Ponko Chicken, and Shake Shack.
Globe and Mail
26-06-2025
- Business
- Globe and Mail
Serve Robotics Brings Autonomous Robot Delivery to Atlanta with Uber Eats, Shake Shack and Local Favorites
ATLANTA , June 26, 2025 (GLOBE NEWSWIRE) -- Serve Robotics Inc. ('Serve') (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced the launch of its service in the Atlanta metro area. This market expansion builds on the company's successful launches in Los Angeles, Miami, and Dallas–Fort Worth as part of Serve's ongoing collaboration with Uber Eats, the delivery platform of Uber Technologies Inc. (NYSE: UBER). In recent weeks, Serve's autonomous delivery robots have rolled onto the sidewalks of Midtown, Old Fourth Ward and Downtown Atlanta, bringing sustainable and safe high-tech convenience to over 50,000 Atlantans. The robots are integrated into the Uber Eats app, and customers who order from participating local favorites such as Rreal Tacos and Ponko Chicken may have their next meal delivered by a Serve robot. Serve's national delivery partnership with Shake Shack Inc. (NYSE: SHAK) will also extend to Atlanta. 'As one of the largest and fastest-growing markets in the Southeast, Atlanta is a strategic next step for our planned nationwide expansion,' said Dr. Ali Kashani, CEO and co-founder of Serve Robotics. 'We are pleased to be one of the first robotics companies to enter the market and bring our friendly approach to robotic delivery.' Known as the 'Silicon Peach,' Atlanta is a growing tech hub and a community driven by innovation. Atlanta is a largely car-dependent city, and Serve's robots are expected to reduce traffic congestion, making last-mile deliveries more efficient and emission-free. Serve has proactively established constructive relationships with local stakeholders to ensure a seamless rollout. Serve's growth will generate new employment opportunities in operations and maintenance and help stimulate the local economy. 'We're thrilled to be one of the first in Atlanta to have our food delivered by Serve Robotics. We're all about bringing flavor and fun to the neighborhood and now with robotic delivery, the food you love can be at your door faster and fresher than ever,' said Damian Otero Reggiori, CEO of Rreal Tacos. 'Bringing our highly successful partnership with Serve Robotics and Uber Eats to Atlanta is the natural next step in our engagement as we look for new ways for our fans to enjoy their favorite Shack classics in Atlanta,' said Steph So, Chief Growth Officer at Shake Shack. 'Today's announcement with Serve Robotics marks our first entry with autonomous delivery in Atlanta,' said Megan Jensen, Head of Autonomous Delivery Operations at Uber. 'We continue to drive innovation with a commitment to making food delivery as convenient as possible.' The launch of Serve's Atlanta operations represents another significant milestone on Serve's path to deploying 2,000 AI-powered delivery robots across the U.S. by the end of 2025. Additional U.S. markets are expected to be announced in the coming months. To learn more about Serve Robotics, visit About Serve Robotics Serve Robotics develops advanced, AI-powered, low-emissions sidewalk delivery robots that endeavor to make delivery sustainable and economical. Spun off from Uber in 2021 as an independent company, Serve has completed tens of thousands of deliveries for enterprise partners such as Uber Eats and 7-Eleven. Serve has scalable multi-year contracts, including a signed agreement to deploy up to 2,000 delivery robots on the Uber Eats platform across multiple U.S. markets. For further information about Serve Robotics (Nasdaq:SERV), please visit or follow us on social media via X (Twitter), Instagram, or LinkedIn @serverobotics. Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Serve intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Exchange Act. These forward-looking statements can be about future events, including statements regarding Serve's intentions, objectives, plans, expectations, assumptions and beliefs about future events, including Serve's expectations with respect to the financial and operating performance of its business, its capital position, and future growth. The words "anticipate", "believe", "expect", "project", "predict", "will", "forecast", "estimate", "likely", "intend", "outlook", "should", "could", "may", "target", "plan" and other similar expressions can generally be used to identify forward-looking statements. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward-looking statements. Any forward-looking statements in this press release are based on management's current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. Risks that contribute to the uncertain nature of the forward-looking statements include those risks and uncertainties set forth in Serve's Annual Report on Form 10-K for the year ended December 31, 2024, filed with the United States Securities and Exchange Commission (the "SEC") and in its subsequent filings filed with the SEC. All forward-looking statements contained in this press release speak only as of the date on which they were made. Serve undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made. Contacts Media Serve Robotics Aduke Thelwell press@ Investor Relations A photo accompanying this announcement is available at .
Yahoo
16-06-2025
- Business
- Yahoo
Serve Robotics CEO Ali Kashani Named EY Entrepreneur Of The Year® 2025 Bay Area Award Winner
SAN FRANCISCO, June 16, 2025 (GLOBE NEWSWIRE) -- Serve Robotics (the "Company" or "Serve") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced that Co-Founder and CEO Dr. Ali Kashani has been named a 2025 Entrepreneur Of The Year® Bay Area Award Winner by Ernst & Young LLP (EY US).This prestigious award, now in its 40th year, honors entrepreneurs and leaders of high-growth companies who are building and scaling successful, innovative businesses. Dr. Kashani was selected by an independent panel of judges including past winners, top CEOs and other business luminaries. Judges assessed candidates on entrepreneurial spirit, purpose-driven commitment, long-term value creation and company growth and impact. Dr. Kashani is now eligible for the Entrepreneur of the Year 2025 National Awards, to be presented at the EY Strategic Growth Forum® in November. 'I'm deeply honored to receive an award that celebrates the entrepreneurial journey,' said Dr. Kashani. 'This recognition is only possible because of the incredible team of makers and dreamers who've worked tirelessly alongside me to build Serve into the enterprise it is today.' Dr. Kashani's entrepreneurial journey began with a vision to make delivery more sustainable, economical and accessible through robotics. In 2017, he founded what would become Serve Robotics as a skunkworks robotics initiative within Postmates. Following Uber's acquisition of Postmates, Dr. Kashani led the spinout of Serve as an independent company in 2021. Under his leadership, Serve has grown from an internal startup to a publicly traded company, completing tens of thousands of commercial deliveries in major U.S. cities including Los Angeles, Miami, Dallas and Atlanta. About Serve RoboticsServe Robotics develops advanced, AI-powered, low-emissions sidewalk delivery robots that endeavor to make delivery sustainable and economical. Spun off from Uber in 2021 as an independent company, Serve has completed tens of thousands of deliveries for enterprise partners such as Uber Eats and 7-Eleven. Serve has scalable multi-year contracts, including a signed agreement to deploy up to 2,000 delivery robots on the Uber Eats platform across multiple U.S. markets. For further information about Serve Robotics (Nasdaq: SERV), please visit or follow us on social media via X (Twitter), Instagram or LinkedIn @serverobotics. About EYEY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets. Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow. EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected, multi-disciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories. All in to shape the future with confidence. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ContactsMediaAduke ThelwellHead of Communications & Investor Relationspress@ Investor A photo accompanying this announcement is available at in to access your portfolio
TechCrunch
21-05-2025
- Business
- TechCrunch
Serve is betting that food delivery and access to public markets are the keys to scaling robotics
'The only thing worse than being a public company CEO is being a private company CEO right now,' says Ali Kashani, co-founder and CEO of Serve Robotics. Access to capital, he argues, is everything in robotics. And in today's 'FOMO-driven' venture climate, securing funds is far from guaranteed. Backed by Nvidia and Uber, Serve recently raised $80 million to extend its runway through 2026. The company aims to scale from 100 sidewalk delivery robots in Los Angeles to 2,000 bots operating across U.S. cities by the end of this year and hit operational profitability once that fleet is fully deployed. It's a bold play in a space where hardware, logistics, and data all collide. Today on Equity, Rebecca Bellan caught up with Kashani to unpack how Serve is navigating public markets, scaling real-world robotics by using food delivery as a test ground, and building what it hopes is the future of last-mile delivery. Listen to the full episode to hear more about: How Serve went from a Postmates spinout in 2021 to a publicly traded company via reverse merger in 2024. What it takes to scale a delivery fleet across cities like L.A., Miami, and Dallas, and why Serve isn't launching on college campuses like its rivals. Why Kashani says Serve's sidewalk bots collect four times more visual data per day than GPT-4's vision model. How ground robots and drones might work together to finally crack last-mile logistics. Equity will be back Friday with our weekly news round-up, and special Google I/O coverage from Max. Don't miss it! Equity is TechCrunch's flagship podcast, produced by Theresa Loconsolo, and posts every Wednesday and Friday. Subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod. For the full episode transcript, for those who prefer reading over listening, check out our full archive of episodes here.
