Mentioned:
The breakthroughs in robotics technology keep happening. Now, a publicly traded company is buying a robotics startup that can make guacamole. But, why?
What’s happening:
- Serve Robotics (NASDAQ: SERV) has announced they will acquire food tech robotics company Vebu
The big idea:
- Vebu has developed a innovative robot known as the Autocado which can be installed into restaurants to autonomously process avocados into guacamole
- The Autocado is capable of completely replacing human labour and operating without any supervision
Why it matters:
- The public markets have been experiencing a euphoria around robotics recently, following new robot launches from companies such as Tesla (NASDAQ: TSLA) and XPeng (NYSE: XPEV)
- The new acquisition of Vebu by Serve Robotics is aiming to pair autonomous robotics technology in restaurants with their existing fleet of autonomous delivery robots to create a first of its technology platform for the food business
Going deeper:
- Serve Robotics has already been cementing their position as a leader in robotics for restaurants and food deliveries, previously rolling out a notable new partnership with Shake Shack (NYSE: SHAK) to deliver orders to customers located in Los Angeles
The intrigue:
- Google (NASDAQ: GOOG) owned drone company Wing also recently partnered up with Serve Robotics to pick up packages from their fleet of robots and fly them short distances to deliver them to customers
