Serve Robotics is ramping up innovation in autonomous delivery robots. And they’re bringing them to the United States of America soon.
What’s happening:
- Serve Robotics (NASDAQ: SERV) has officially launched its third generation autonomous delivery robot
Why it matters:
- Serve Robotics new robots can carry significantly more weight and travel further on a single charge, which represents a potentially major breakthrough in technology for autonomous robots
By the numbers:
- The new robots from Serve Robotics can spend up to 6 hours more in the field each day and also has 5x the computing power, which is largely due to major hardware upgrades and the use of Nvidia’s Jetson Orin module
- The manufacturing costs of the new robots from Serve Robotics have also been cut by 50%
- Serve Robotics plans to have 2000 of their new robots operating on the Uber Eats platform in the United States within the next 12 months
Going deeper:
- Both Nvidia (NASDAQ: NVDA) and Uber (NASDAQ: UBER) have made serious bets on Serve Robotics, with Nvidia previously increasing their equity stake through the the public markets and Uber continuing to expand the use of Serve Robotics fleet of robots throughout their Uber Eats platform for deliveries
- Robotics has become a highly exciting trend lately on Wall Street, following Tesla (NASDAQ: TSLA) rolling out their Optimus humanoid robot and companies such as Chipotle (NYSE: CMG) previously making strategic investments into robotics
