Serve Robotics Partners With Grubhub After Losing Uber Eats Deal

EarningsM&A · Partnership Impact 4
โดย Insider Monkey·US·Read original
Summary · why it matters

Serve Robotics has partnered with Grubhub to fulfill food delivery orders using its sidewalk robots, just days after its years-long tie-up with Uber Eats fell apart. The rollout begins in Chicago, Los Angeles and Alexandria, and comes as Serve also launched with DoorDash in San Jose, California, and Washington, D.C., its seventh and eighth major US markets. CEO Ali Kashani told Reuters he expects the lost Uber volume to be more than replaced over time through Grubhub and other initiatives. The company slashed its full-year 2026 revenue forecast from $26 million to just $9 million to $10 million after Uber exited its stake and Serve decided not to renew the delivery agreement, citing falling order volumes and differing views. Serve's second-quarter revenue jumped 400% year over year to $3.2 million, boosted mainly by the addition of Diligent Robotics revenue rather than organic delivery growth, and the company lost more than $113 million on a GAAP basis in the first half of the year.

Impact on stocks 3

Robotics & Physical AI▼ · 2 stocks
Consumer Discretionary▲ · 1 stocks

Theme Impact 1

Off-coverage companies 2

GrubhubPrivate▲ Positive
Demandrelevance

Grubhub partners with Serve to expand robot delivery, potentially increasing orders.

Diligent RoboticsPrivate± Mixed
relevance

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