Serve Robotics signs exclusive production agreement with Magna to scale robot fleet to up to 2,000 units

Serve Robotics Inc. /DE/

Magna becomes exclusive contract manufacturer for Serve's delivery robots.
Agreement supports plan to deploy up to 2,000 robots on Uber Eats across multiple U.S. markets.
Expands prior licensing deal (Feb 2024) under which Magna licensed Serve's robotics technology.
Serve aims to scale beyond food delivery and use its platform for new robotic products.
Partnership leverages Magna's manufacturing expertise for geographic expansion.

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