Uber sells entire stake in robotics firm Serve
TL;DR. Uber divested its entire stake in robotics delivery company Serve Robotics, surprising the startup's leadership. - Serve Robotics, spun out of Uber's Postmates acquisition, develops autonomous delivery robots. - Uber originally committed substantial capital to Serve and was a key investor and partner. - The divestment allows Serve to pursue broader partnerships without Uber's direct financial ties. - Serve Robotics recently went public via SPAC, indicating a shift from its startup phase.
- Uber sold its entire financial stake in Serve Robotics.
- Serve Robotics leadership was reportedly surprised by Uber's move.
- Serve, a robotics delivery company, was an outgrowth of Uber's Postmates acquisition.
- The divestment frees Serve to collaborate with a wider range of partners.
- Serve Robotics recently became a publicly traded company via SPAC.
Sources
- Uber surprised robotics company Serve by selling its entire stake — techcrunch.com