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Investing.com -- Serve Robotics Inc. (NASDAQ:SERV) stock gained 4.8% following the announcement of its service launch in the Atlanta metro area, expanding its autonomous sidewalk delivery operations beyond existing markets in Los Angeles, Miami, and Dallas-Fort Worth.
The company’s autonomous delivery robots have begun operating in Atlanta’s Midtown, Old Fourth Ward, and Downtown areas, serving over 50,000 residents. The robots are integrated with Uber (NYSE:UBER) Eats, allowing customers who order from participating local restaurants like Rreal Tacos and Ponko Chicken to receive deliveries via Serve’s robots. Additionally, the company’s national delivery partnership with Shake Shack Inc (NYSE:SHAK). will extend to Atlanta.
"As one of the largest and fastest-growing markets in the Southeast, Atlanta is a strategic next step for our planned nationwide expansion," said Dr. Ali Kashani, CEO and co-founder of Serve Robotics. "We are pleased to be one of the first robotics companies to enter the market and bring our friendly approach to robotic delivery."
The Atlanta launch represents a significant milestone in Serve’s plan to deploy 2,000 AI-powered delivery robots across the U.S. by the end of 2025. The company expects its robots to reduce traffic congestion in the largely car-dependent city while making last-mile deliveries more efficient and emission-free.
Megan Jensen, Head of Autonomous Delivery Operations at Uber, noted: "Today’s announcement with Serve Robotics marks our first entry with autonomous delivery in Atlanta. We continue to drive innovation with a commitment to making food delivery as convenient as possible."
Serve Robotics indicated that additional U.S. markets are expected to be announced in the coming months as part of its ongoing expansion strategy.
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