Uber is spinning off Postmates' autonomous delivery division into a separate startup called Serve Robotics. The company inherited the unit when it acquired Postmates last year for $2.65 billion. According to Bloomberg, Uber will invest approximately $50 million in a Series A financing round that will make the company a minority stakeholder in Serve Robotics. The startup will operate independently of its former parent. However, it will maintain a.
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Serve said in a press release that it closed its first round of funding, led by venture capital firm Neo, and aided by Uber, Long Journey ventures, Postmates' co-founders Bastian Lehmann and Sean Plaice as well as other investors. "While self-driving cars remove the driver, robotic delivery eliminates the car itself and makes deliveries sustainable and accessible to all," said Ali Kashani, co-founder and CEO of Serve Robotics. The unit, Postmates X, introduced its semi-autonomous bot, Serve, in 2018 to aid faster deliveries.
Postmates X, the robotics division of the on-demand delivery startup that Uber acquired last year for $2.65 billion, has officially spun out as an independent company called Serve Robotics. TechCrunch reported in January that a deal was being shopped to investors. Serve Robotics, a name taken from the autonomous sidewalk delivery bot that was developed and […]
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