July 30, 2024 - $Serve Robotics (SERV.US)$shares surged 12.17% to $21.75 in pre-market trading on Tuesday.
In a recent regulatory filing with the Securities and Exchange Commission (SEC), Nvidia announced that it has acquired a 10% ownership stake in Serve Robotics. To be exact, Nvidia has taken possession of 3,727,033 shares out of the total 37.1 million shares issued by Serve Robotics.
About Serve
Serve develops advanced, AI-powered, low-emissions sidewalk delivery robots that endeavor to make delivery sustainable and economical. Spun off from Uber in 2021 as an independent company, Serve has completed tens of thousands of deliveries for enterprise partners such as Uber Eats and 7-Eleven. The company has scalable multi-year contracts, including a signed agreement to deploy up to 2,000 delivery robots on the Uber Eats platform across multiple U.S. markets.