Serve Robotics has been making a flurry of moves recently to be on the leading edge of autonomous robotics. And now, they’ve landed one of the biggest fast food chains in North America as a partner.
What’s happening:
- Serve Robotics (NASDAQ: SERV) and fast food giant Shake Shack (NYSE: SHAK) have launched a new partnership to leverage Serve Robotics’s fleet of autonomous robots to provide deliveries to Shake Shack customers
How it works:
- Customers in Los Angeles who order Shake Shack through the Uber Eats app will begin to receive their orders through Serve Robotics autonomous robots
- The autonomous robots operated by Serve Robotics are capable of navigating sidewalks and urban environments without any human supervision, leveraging artificial intelligence and machine learning technology
Why it matters:
- Serve Robotics is one of the first publicly traded companies in North America to begin rolling out significant commercial partnerships for autonomous robotics, which recently led Nvidia (NASDAQ: NVDA) to increase their equity stake in the company
Going deeper:
- Uber (NASDAQ: UBER) was an early investor in Serve Robotics and has been accelerating the deployment of their robot powered delivery by continuing to leverage their Uber Eats app for autonomous deliveries in Los Angeles
- Serve Robotics has also begun licensing out their autonomous robotics and artificial intelligence technology to other companies, including a notable partnership with global automotive supplier Magna International
The intrigue:
- Uber and Nvidia have also both been investing deeply into autonomous vehicles, including the notable recent mega funding round for Canadian based startup Waabi
