Serve Robotics food delivery robot Serve Robotics, a San Francisco, CA-based autonomous sidewalk delivery company, raised $30M in funding. The round, which brought the total amount to $56M, was led by existing investors Uber Technologies, NVIDIA (NASDAQ: NVDA), and Wavemaker Partners, with participation from new investors Mark Tompkins and Republic Deal Room. Uber Vice President of Delivery and Head of Americas, Sarfraz Maredia… Continue reading Serve Robotics Raises $30M Financing
Tag: Uber
Uber, Nvidia-backed delivery robot startup Serve Robotics to go public
Serve Robotics, the autonomous sidewalk delivery robot startup that spun out of Uber’s acquisition of Postmates, is going public via a reverse merger with a blank check company. The reverse merger with Patricia Acquisition Corp was completed this month, according to regulatory filings. Ahead of the merger, Serve raised $30 million in a round led… Continue reading Uber, Nvidia-backed delivery robot startup Serve Robotics to go public
California agency to vote on San Francisco robotaxi expansion amid heavy opposition
The CPUC on Tuesday heard testimony from the San Francisco Municipal Transportation Agency that it had logged close to 600 incidents involving autonomous vehicles since spring of 2022 and that they believe that is “a fraction” of the total due to what they say are lax reporting requirements. Amid strenuous pushback from San Francisco officials… Continue reading California agency to vote on San Francisco robotaxi expansion amid heavy opposition
Serve Robotics Inc. Announces Go-Public Transaction and $30 Million Financing to Support Scaling of Robotic Delivery
New Financing brings total capital raised to $56 million since starting in 2021 Participation from strategic investors, including Uber Technologies, Inc. (“Uber”) and NVIDIA, will support deployment of up to 2,000 new AI-powered sidewalk delivery robots SAN FRANCISCO, Aug. 10, 2023 /PRNewswire/ — Serve Robotics, Inc. (“the Company” or “Serve”), the leading autonomous sidewalk delivery company,… Continue reading Serve Robotics Inc. Announces Go-Public Transaction and $30 Million Financing to Support Scaling of Robotic Delivery
High prices for new cars slowing, discounts rising for most
Car buyers are getting a respite in terms of rising prices on new vehicles. On Wednesday, Kelley Blue Book released July pricing data that showed the smallest year-over-year price increase in the last decade, prompting Research Manager Rebecca Rydzewski to write, “New-vehicle price inflation has all but disappeared in 2023.” According to Kelley Blue book… Continue reading High prices for new cars slowing, discounts rising for most
10 Best Deals: Patagonia Sale, Cycling Accessories, and Camp Gear
August is that time of year when folks start appraising how they spent their summers. Was it time well spent, or did most of it go by with you looking out the window? If you’re more of the latter—or if you just can’t get enough of warm evenings outside and backcountry excursions—don’t despair at the… Continue reading 10 Best Deals: Patagonia Sale, Cycling Accessories, and Camp Gear
The Weird Way That Human Waste Is Killing Corals
“Even with a severe heat wave in 2015, 20 percent of those reefs that were in cleaner water with the herbivore fish not only went got through the heat, but some improved,” says Arizona State University ecologist Greg Asner, coauthor of the study, who leads the Allen Coral Atlas reef mapping project. “There are vast… Continue reading The Weird Way That Human Waste Is Killing Corals
Lyft plans to ditch surge pricing, which riders hate ‘with a fiery passion’
Lowering fares has helped the company boost the number of people using the platform. Lyft plans to kill off surge pricing in an attempt to boost its rider numbers. On the company’s second-quarter earnings call, CEO David Risher admitted the controversial practice is a “a bad form of price raising” that riders loathe “with a… Continue reading Lyft plans to ditch surge pricing, which riders hate ‘with a fiery passion’
It’s Tesla versus everyone else in the race for EV dominance
/ In this episode of Land of the Giants: The Tesla Shock Wave, Tesla’s share of the EV market is dwindling as more automakers pile into the space. How does the competition stack up? By Andrew J. Hawkins, transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has… Continue reading It’s Tesla versus everyone else in the race for EV dominance
Catch+Release Raises $8.8M in Series A Funding
Catch+Release, a San Francisco, CA-based content licensing marketplace for brands and creators, raised an additional $8.8m in Series A funding. The round was led by return investor Accel with participation from Cervin, Astia Fund and Stagwell, as well as new investors HarbourVest Partners, Nick Mehta, Rich Kleiman and Kevin Durant’s 35V. The company, which has… Continue reading Catch+Release Raises $8.8M in Series A Funding