Highest-materiality recent filing
Serve Robotics partners with Grubhub, expands to DC and San Jose, launches Moxi 2.0
Grubhub partnership brings robot delivery to Chicago (100+ merchants), LA (nearly 200), and Alexandria
Serve Robotics Q2 revenue $3.2M (+404% YoY); cuts FY2026 guidance to $9-10M
Q2 revenue $3.2M, up 404% YoY and 9% sequentially; recurring revenue >50% of total.
Serve Robotics appoints Andreas Lieber to board, replacing Uber's Sarfraz Maredia
Sarfraz Maredia resigned from the board effective June 17, 2026; no disagreement with the company.
Serve Robotics shareholders elect directors, ratify PwC at 2026 annual meeting
Quorum of 57.18% (44,215,710 of 77,324,755 shares) represented at the June 17, 2026 meeting.
Terminated $150M at-the-market equity offering with Cantor Fitzgerald and other agents effective May 7, 2026; no penalties.
Serve Robotics Q1 revenue $3.0M (+238% QoQ, +578% YoY); reaffirms FY2026 guidance ~$26M
Revenue of $3.0M, up 238% sequentially and 578% YoY, ahead of plan.
Serve Robotics acquires Diligent Robotics; Diligent posts $22.7M net loss on $9M revenue in 2025
Diligent 2025 revenue $9.0M, net loss $22.7M, gross loss $1.4M; accumulated deficit $112.8M.
Serve Robotics reports Q4 revenue up 400% YoY to $0.9M; raises 2026 outlook to ~$26M
Q4 2025 revenue $0.9M (+400% YoY); full year revenue $2.7M, above prior guidance of $2.5M.
Serve Robotics acquires Vebu Inc. for $3.75M in stock plus cash adjustment
Closed merger with Vebu on Feb 17, 2026; Vebu becomes wholly owned subsidiary.
Serve Robotics completes Diligent Robotics acquisition for ~$48M in stock and cash
Aggregate consideration: $29M in common stock (incl. up to $5.3M earnout) plus ~$19M cash for debt adjustment.
Serve Robotics to acquire Diligent Robotics for $29M in stock, expanding into hospital robots
Acquisition consideration: $29.0M in Serve common stock (at ~$14.38/share), plus up to $5.3M earnout.
Serve Robotics Q3 revenue $687k (+209% YoY); guides to 10x revenue growth in 2026
Daily active robots rose to 312 (from 59 a year ago); delivery volume up 66% QoQ.
Serve Robotics prices $100M registered direct offering of 6.25M shares at $16.00
Offering of 6.25M shares at $16.00/share for gross proceeds of ~$100M, expected to close Oct 14, 2025.
Serve Robotics partners with DoorDash for multi-year robotic delivery rollout
Multi-year strategic partnership to deploy Serve's autonomous delivery robots across the U.S., starting in Los Angeles.
Serve Robotics deploys 1,000th autonomous delivery robot; on track for 2,000 by year-end 2025
Deployed 1,000th third-generation autonomous delivery robot, with over 380 deployed in September 2025 alone.
Serve Robotics acquires Vayu Robotics; up to 1.7M shares + warrants; Vinod Khosla joins board
Acquired Vayu Robotics for up to 1,696,069 shares upfront plus up to 560,000 earnout shares tied to autonomy milestones.
Serve Robotics Q2 revenue $642k (+46% QoQ); delivery volume up 78%; guidance reaffirmed
Q2 revenue $642k, up 46% sequentially; daily active robots 160 (vs 73 in Q1); daily supply hours +340% YoY.
Serve Robotics shareholders approve equity plan amendment and re-elect directors
Elected Lily Sarafan (15.86M for) and Olivier Vincent (13.21M for) as Class II directors.
Serve Robotics Q1 revenue $440k (+150% QoQ), guides Q2 $600-700k, cash $198M
Revenue of $440k in Q1 2025, up 150% sequentially; Q2 2025 guidance $600-700k (35-60% QoQ growth).
Serve Robotics terminates $100M equity distribution agreement, appoints PwC as new auditor
Terminated Equity Distribution Agreement with Northland, B. Riley, Ladenburg; no termination penalties.
Serve Robotics reports 2024 revenue of $1.8M (+773% YoY) with $123M cash, no debt
Full-year 2024 revenue $1.8M, up 773% YoY; Q4 revenue $176,000.
Serve Robotics raises ~$80M via registered direct offering of 4.2M shares at $19 each
Gross proceeds of approximately $80 million from sale of 4,210,525 shares at $19.00 per share.
Serve Robotics raises $86M in Dec 2024, total 2024 proceeds $167M
Raised $86M gross in December 2024 via ATM and warrant exercises; full-year 2024 raised $167M.
Serve Robotics appoints Lily Sarafan to board; James Buckly Jordan resigns
Appointed to Board effective Dec 4, 2024, replacing James Buckly Jordan as Class II director.
Serve Robotics enters $100M ATM equity offering with three agents
ATM agreement with Northland Securities, B. Riley, and Ladenburg Thalmann for up to $100M gross proceeds.
Serve Robotics Q3 revenue $0.22M, cash $50.9M, acquires Vebu (Autocado), expands to Dallas
Q3 revenue $0.22M (incl. $0.04M software); cash $50.9M; zero debt.
Serve Robotics raises $20M in private placement and warrant exercise
Sold 555,555 pre-funded warrants and 555,555 common warrants at $9.00 per unit, raising ~$5M.
Serve Robotics Q2 revenue $0.47M; daily supply hours up 106% YoY; cash $28.8M
Q2 revenue $0.47M, including $0.30M software service revenue from Magna; no material software revenue expected in Q3.
Sarfraz Maredia and David Goldberg elected as Class I directors for three-year terms; vote: 20.5M and 21.2M for, respectively.
Serve Robotics raises $15M via private placement of pre-funded warrants and warrants
2.5M pre-funded warrants (exercise $0.0001) plus 2.5M $6.00 warrants sold at $6.00/unit.
Serve Robotics board member Ali Pourdad not standing for re-election; David Goldberg nominated
Ali Pourdad will not stand for re-election as Class I Director at 2024 Annual Meeting; no disagreement with company.
Serve Robotics Q1 revenue $0.95M, signs Magna licensing deal, completes $40M offering
Revenue of $0.95M, including $0.85M software service revenue from Magna; 124% sequential growth in delivery and branding revenue.
Magna becomes exclusive contract manufacturer for Serve's delivery robots.
Serve Robotics closes $40M public offering and uplists to Nasdaq under ticker SERV
Closed underwritten public offering of 10,000,000 shares at $4.00/share, raising $40M gross proceeds.
Gross proceeds of $40M from 10M shares at $4.00; net proceeds ~$35.7M after underwriting discounts and expenses.
Serve Robotics prices $40M public offering and uplists to Nasdaq under ticker SERV
Pricing of 10M shares at $4.00 per share for gross proceeds of $40M; net proceeds ~$35.7M.
Serve Robotics names Brian Read as CFO; April Pannell resigns, stays as consultant
Brian Read appointed CFO effective on or around April 29, 2024.
Serve Robotics FINRA clears Form 211; stock starts trading on OTCQB under symbol SBOT
FINRA cleared Serve Robotics' Form 211; common stock began trading on OTCQB on March 7, 2024 under ticker 'SBOT'.
Serve grants Magna a non-exclusive license to Serve AMR Technology for commercializing autonomous delivery products.
Serve Robotics signs services deal with Magna, issues 2.15M share warrant at $0.01
Entered a 3-month Master Services Agreement with Magna New Mobility USA, effective Jan 15, 2024.
Serve Robotics raises $3M in convertible note initial close; CEO also provides $200k bridge loan
On Dec 27, 2023, CEO Ali Kashani lent $200k via a secured subordinated note at 7.67% interest; repaid upon note issuance.
Serve Robotics completes reverse merger; Legacy Serve shows $10.1M loss, $18.9K cash, going concern
Merger completed August 10, 2023: Patricia Acquisition Corp. acquired Serve Operating Co. in reverse merger, renamed Serve Robotics Inc.
Serve Robotics completed reverse merger into Patricia Acquisition shell; raised $14.1M
Merger closed July 31, 2023: Patricia Acquisition (shell) merged with Serve Robotics; name changed to Serve Robotics Inc.
Patricia Acquisition Corp. appoints Grassi & Co. as new auditor for FY2022
Board appointed Grassi & Co., CPAs, P.C. as independent auditor for fiscal year ending Dec. 31, 2022.
Patricia Acquisition Corp.'s auditor Raich Ende Malter & Co. LLP resigns effective July 13, 2022
Raich Ende Malter & Co. LLP resigned as independent registered public accounting firm on July 13, 2022, effective immediately.
the Board appointed Andreas Lieber as a member of the Board, effective immediately, to serve as a Class I director filling the vacancy created by the resignation of Mr. Maredia.
On June 17, 2026, Sarfraz Maredia, a member of the Board of Directors (the “Board”) of Serve Robotics Inc. (the “Company”) informed the Company of his decision to resign from the Board, effective immediately.
On May 28, 2024, Ali Pourdad, a member of the Board of Directors (the “Board”) of Serve Robotics Inc. (the “Company”) informed the Company that he will not stand for re-election to the Board as a Class I Director at the 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”).
To fill the vacancy that will result from Mr. Pourdad’s decision not to stand for re-election, the Board intends to nominate David Goldberg for election to the Board at the 2024 Annual Meeting.
On April 8, 2024, the board of directors (the “Board”) of Serve Robotics Inc. (the “Company”) appointed Brian Read as the Company’s Chief Financial Officer, effective on or around April 29, 2024
On April 8, 2024, the Company accepted the resignation of April Pannell, the Company’s Chief Financial Officer, effective as of the Effective Date, upon the commencement of Mr. Read’s employment.
Max materiality 0.90 · Median 0.70 · Most common event other_material