Serve Robotics (SERV) Investor presentation summary

Market opportunity and industry context

• Last-mile delivery is highly inefficient, with a $450B robotic and drone delivery opportunity projected by 2030 and a median U.S. food delivery distance of 2.5 miles typically handled by 2-ton vehicles.

• Current per-delivery costs with human couriers are $8-10, while autonomous robots are expected to reduce this to under $1 at scale.

• Serve operates the largest commercial Level 4 autonomous robot fleets in the U.S., covering 44 cities and 150+ neighborhoods.

Business model and partnerships

• Integrated with Uber Eats and DoorDash, creating built-in demand and compounding delivery growth of over 40% quarter-over-quarter since 2022.

• Partnerships with 26 hospitals and diversified revenue streams including food delivery, healthcare, branding, advertising, software, and data.

• Hardware ecosystem includes tier 1 partners such as Magna, Ouster, and NVIDIA for scalable production and advanced autonomy.

Technology and product platform

• The Serve autonomy stack supports both indoor and outdoor environments, with end-to-end models trained on cross-domain data.

• Gen3 sidewalk robots feature Level 4 autonomy, all-day battery, redundant connectivity, and a 65% reduction in unit cost.

• Moxi robots, acquired via Diligent Robotics, are purpose-built for hospitals, offering multi-floor navigation and advanced manipulation.