Serve Robotics raises $80 million to expand delivery robot fleet
Serve Robotics plans to add 250 more robots in Los Angeles in early 2025, with full fleet expansion expected to make the company cash-flow positive.

Serve Robotics, backed by Nvidia and Uber, has secured $80 million through a direct stock offering to institutional investors. The funding will support the expansion of its autonomous delivery robot fleet, with plans to scale from 100 robots in Los Angeles to 2,000 across multiple US cities by the end of 2025. CFO Brian Read stated that the investment is intended for long-term growth rather than short-term expenditure, positioning the company for sustained financial stability beyond 2026.
The fresh capital follows $86 million raised in December 2024, bringing Serve’s total funding to over $247 million in the past year. The company aims to use its reserves to self-finance equipment investments, reducing reliance on external financing and improving cash flow. Read highlighted that full ownership of the robots would provide greater financial flexibility and lower operational costs as the fleet expands.
Currently, Serve operates around 100 robots in Los Angeles, delivering for Uber Eats and 7-Eleven. A trial in Dallas, launched in partnership with Wing, is exploring hybrid drone and sidewalk robot deliveries. The company plans to deploy 250 additional robots in Los Angeles in early 2025, with the goal of achieving cash-flow positivity once the 2,000-robot fleet reaches full utilisation.