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After acquiring the delivery startup Postmates for $US2.65 ($3) billion last year, Uber Technologies announced on Tuesday that plans to spin the company’s robotics division out into a separate company: Serve Robotics.
The new company’s name is a nod to the black and yellow Serve delivery robot developed by Postmates X, the startup’s original robotics division. The robot, designed to patrol neighbourhood footpaths bearing gifts of burritos and fries, will likely remain a key element of the newly-formed company.
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 […]
Uber planning to spin out Postmates’ delivery robot arm
Another Uber spinout is in the works.
Postmates X, the robotics division of the on-demand delivery startup that Uber acquired last year for $2.65 billion, is seeking investors in its bid to become a separate company, according to several people familiar with the plans.
The startup is being referred to as Serve Robotics, a nod to the yellow and black-emblazoned autonomous sidewalk delivery bot that was developed and piloted by Postmates X. The Serve robot, which recently partnered with Pink Dot Stores for deliveries in West Hollywood, will likely be the centerpiece of the new startup.