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Investing.com -- Serve Robotics (NASDAQ:SERV) stock rose 15% after the company announced a partnership with DoorDash (NYSE:DASH) to deploy its sidewalk robots for food delivery orders, expanding beyond its existing Uber Eats relationship.
The San Francisco-based robotics firm said Thursday that customers ordering from select stores and restaurants in Los Angeles via DoorDash may have their orders delivered by a Serve robot, according to Reuters and Bloomberg News.
The company plans to expand these DoorDash deliveries across the United States, tapping into the country’s top food delivery platform.
This strategic partnership allows Serve to increase order volume by accessing merchants and customers who use DoorDash rather than Uber’s food delivery app. Until now, Serve has deployed its robots exclusively for Uber Eats deliveries, a partnership that began in 2021.
"This partnership enables us to go to cities where DoorDash is the dominant player. Now that we have such a significant fleet size, there’s a very sizeable supply that we can provide to companies... and we’re looking for more demand, so that every minute of every day, the robots have access to more jobs," said Serve co-founder and CEO Ali Kashani.
Kashani added that the DoorDash tie-up will boost Serve’s revenues once it scales to match the level of its Uber Eats partnership. Serve currently operates in Los Angeles, Miami, Chicago, and Atlanta through Uber Eats and has completed over 100,000 deliveries from more than 2,500 restaurants.
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