Wall Street Takes Notice of Serve Robotics’ Ambitious Goal to Deploy 2,000 Level 4 Autonomous Delivery Robots by Year End

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The Rise of Autonomous Delivery Robots

The era of robotics is upon us, and investors are diligently evaluating the emerging players in this dynamic landscape. One company that stands out in the last-mile urban delivery sector is Serve Robotics, particularly due to its collaborations with industry giants NVIDIA and Uber.

For those unfamiliar, Serve Robotics is at the forefront of developing advanced four-wheeled delivery robots equipped with artificial intelligence to efficiently navigate bustling city environments. These third-generation robots utilize cutting-edge sensing technologies and substantial onboard computing capabilities via NVIDIA’s Jetson Orin module.

NVIDIA’s Impact on Serve Robotics

In 2024, NVIDIA significantly boosted Serve Robotics’ stock by acquiring a 10% equity stake; however, the company divested its entire position in the fourth quarter of that year. Despite this, the partnership continues to be pivotal, especially as Serve Robotics collaborates with Uber Eats to facilitate autonomous food deliveries in cities like Los Angeles.

Expanding Fleet and Future Growth Plans

By the second quarter of 2025, Serve Robotics had rolled out 120 new delivery robots, increasing its operational fleet to 400 units. The firm has ambitious plans to quadruple its fleet to 2, 000 robots by year’s end, a strategy that is garnering attention from Wall Street.

Wedbush starts Serve Robotics $SERV at Outperform with a $15 PT — about 46% upside from here. Calls out strength in its autonomous delivery platform tied to AI growth. Shares sold off after $NVDA trimmed its stake, but Uber still holds ~8% and remains a key partner.

— Wall St Engine (@wallstengine) August 27, 2025

This aggressive expansion is attracting significant attention, including a recent endorsement from Wedbush, which initiated coverage on Serve Robotics with a $15 price target, suggesting a robust 35% upside from current levels.

Moreover, Cantor Fitzgerald reiterated its positive outlook for Serve Robotics in August, maintaining an overweight rating with a stock price target set at $17.

Financial Performance and Diverse Revenue Streams

In its second-quarter financial results for 2025, Serve Robotics reported revenue of $642, 000, highlight a remarkable annual growth rate of 46%.The company boasts a strong liquidity position with $183 million available as of Q2, critical for supporting its ambitious growth initiatives.

In addition to food delivery, Serve Robotics is diversifying its revenue by selling advertising space on its delivery robots, allowing brands to gain visibility as these units become ubiquitous in urban settings.

The firm operates on a low capital expenditure model, outsourcing the manufacturing of its innovative robots to industry partner Magna. Analysts from Cantor Fitzgerald predict that Serve Robotics will offer competitive delivery prices below $8, achieving break-even for each robot in under two years.

With such developments, Serve Robotics is certainly one to watch as it navigates the rapidly evolving landscape of urban delivery systems.

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