Serve Robotics (SERV) Investor presentation summary

Market opportunity and industry positioning

• Addresses inefficiency in last-mile delivery, targeting short trips and small packages with autonomous robots.

• Operates the largest commercial autonomous sidewalk robot fleet in the U.S., covering 20 cities and 6 metro areas.

• Integrated with Uber Eats and DoorDash, reaching 80% of the U.S. food delivery market.

• Projected $450B robotic and drone delivery market by 2030.

Technology and product development

• Third-generation robots feature Level 4 autonomy, all-day battery, and 65% lower hardware cost.

• Gen3 robots produced at scale with Magna International, leveraging NVIDIA and Ouster technology.

• Fleet grew from 100 to 2,000 robots in twelve months, with further expansion planned.

• Redundant connectivity and advanced sensors enable robust performance in diverse conditions.

Business model and financials

• Revenue grew from $1.8M in FY2024 to $2.7M in FY2025, with $26M projected for FY2026.

• 400% YoY growth in Q4 2025, exceeding revenue guidance.

• $260M in cash and marketable securities at end of FY2025.

• Non-GAAP operating expenses for 2026 projected at $160–$170M, with $25M capex.