Serve Robotics Partners with Grubhub After Ending Uber Eats Deal
On August 17, Serve Robotics (NASDAQ:SERV) announced a partnership with Grubhub to use its sidewalk robots for food delivery in Chicago, Los Angeles, and Alexandria. This comes after the company's long-term agreement with Uber Eats ended, marking an effort to diversify revenue sources following declining order volumes. The CEO expressed confidence that lost Uber volume would be replaced through new partnerships like Grubhub and other initiatives such as micro depots for robot charging in Miami. Serve also expanded into San Jose and Washington D.C., partnering with DoorDash. The company's acquisition of Diligent Robotics has added a healthcare segment, broadening its market presence. However, the loss of Uber Eats significantly impacted financial projections. Despite 400% year-over-year revenue growth in Q2 to $3.2 million—largely due to the acquisition—the full-year forecast was cut from $26 million to between $9 million and $10 million. Serve reported a GAAP net loss of over $113 million for H1 2026, raising concerns about its financial sustainability.
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