Serve Robotics seeks investment as it flags up $300 billion untapped robot delivery market
Robotic delivery startup, Serve Robotics, is inviting people to invest in it.
The target raise amount is $5 million, with the minimum investment being $1,000.
The firm’s website states that robotic delivery is a $300 billion untapped global market and adds that more than half of all home deliveries can be done by robots.
7-Eleven
7-Eleven is testing robotic delivery in West Hollywood, California, in partnership with Serve Robotics.
The pair have been working together since late 2021, when 7-Ventures, the investment branch of 7-Eleven dedicated to early stage investments, backed a $13 million seed funding round.
CRO
Serve Robotics recently appointed Prahar Shah as its Chief Revenue Officer.
Shah will lead Serve’s commercial efforts and oversee new partnerships and new verticals team as the company expands its robotic delivery platform.
As DoorDash’s first revenue leader, he built the business development, strategic partnerships, enterprise and new verticals functions during the company's formative years.
He led DoorDash’s partnerships with the likes of Taco Bell and The Cheesecake Factory, and also headed up expansion into new verticals such as alcohol, grocery, and convenience delivery.
Prior to DoorDash, Shah founded Mobee, a VC backed retail data company that was acquired by Wiser and continues to operate today.
“We couldn’t be more excited to have Prahar join the Serve team to lead our ongoing partnership expansion. He has the depth of food technology and business development experience to help us expand our growing platform,” said Serve Robotics co-founder and CEO, Dr. Ali Kashani.
“Prahar’s appointment will accelerate Serve’s path to commercial scale as we work to bring autonomous delivery to more cities and countries in the coming months.”
“Serve has demonstrated an impressive growth trajectory, becoming the market leader in autonomous delivery technology and commercial deployment of urban sidewalk robots,” said Shah.
“The talent, product leadership , and immense partner interest in Serve reminds me of DoorDash’s earliest days. I’m thrilled to build on this considerable momentum to further scale the business.”
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