The robotics division of Postmates has spun out as an independent company, now called Serve Robotics. Uber, in December last year, had acquired Postmates, a company known for delivery of food, groceries, essentials, and other goods, in an all-stock transaction.
Serve Robotics will focus on creating autonomous robots to deliver goods in urban environments. It has also closed its first round of funding, led by venture capital firm Neo with participation by Uber and other investors. Other major investors Lee Jacobs and Cyan Banister’s Long Journey Ventures, Western Technology Investment, Scott Banister, Farhad Mohit, and Postmates co-founders Bastian Lehmann and Sean Plaice.
The company also plans to expand its market reach through new partnerships as it continues to design, develop, and operate delivery robots specialized in navigating sidewalks. With growing food delivery industry, fueled by the global pandemic, the company will help restaurants find new convenient, safe, and reliable ways to reach customers.
