Mentioned:
DASH -2.04% SERV -8.02%

Delivery robots are on the rise in North America. Which is exactly what’s behind a new partnership between DoorDash and Serve Robotics.

What’s happening:

  • DoorDash (NASDAQ: DASH) and Serve Robotics (NASDAQ: SERV) have formed a new multi year strategic partnership to leverage Serve Robotics’ fleet of autonomous delivery robots for DoorDash customers

Why it matters:‍

  • This is the largest deal ever between DoorDash and Serve Robotics, which follows Serve Robotics successfully completing multiple different pilot projects in specific cities for DoorDash

Going deeper:‍

  • Serve Robotics has been quickly validating their technology and business model, having now used their fleet of robots to deliver more than 100,000 orders for more than 2,500 restaurant operators
  • DoorDash just recently made major waves on Wall Street when they launched their own new autonomous delivery robot known as Dot, which is fully developed by DoorDash and runs on proprietary software