Serve Robotics reports 2024 revenue of $1.8M (+773% YoY) with $123M cash, no debt

Serve Robotics Inc. /DE/

Full-year 2024 revenue $1.8M, up 773% YoY; Q4 revenue $176,000.
Cash at year-end $123M; no debt; additional $80M raised in Jan 2025, total $259M since Jan 2024.
Daily supply hours grew 94% YoY to 455 in Q4; daily active robots up 81% YoY.
Third-gen robot designed with 2x speed, 2x range, 5x AI power at 65% lower cost vs prior gen; 75 units delivered Dec 2024.
Expanded to 1,000+ restaurants and 300,000+ households; launched in Miami; on track for Dallas/Atlanta by Q2 2025.

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