Uber spins out delivery robot startup as Serve Robotics – TechCrunch

Postmates X, the on-demand delivery startup’s robotics division Uber acquired last year for $ 2.65 billionHas officially operated as an independent company called Serve Robotics.

Techcrunch Reported in january A deal was being made for investors.

Serve Robotics, whose name was derived from an autonomous pavement delivery bot developed and operated by Postmates X, has raised seed funding in a round led by venture capital firm Neo. Other investors included Uber as well as Lee Jacobs and Sian Bannister’s Long Journey Ventures, Western Technology Investment, Scott Bannister, Farhad Mohit and Postmates co-founders Bastian Lehmann and Sean Plais.

Serve Robotics did not share the specifics of the funding, except to confirm that the goal, which will be a series, is not yet complete. A spin-out may be in funding stages, with the first installment being used for the initial launch and the rest of the rounds being transferred to the IP once.

The new company will be run by Ali Kashani, who led Postmates X. Other co-founders include Dimitri Demeshchuk, the first engineer to join the service team of Postmates and MJ Chun, who previously led the product at Anki, which is leading the product. Strategy on service. The company is launching with 60 employees, with headquarters in San Francisco and offices in Los Angeles and Vancouver, Canada.

Serve Robotic Uber Postmates

Image Credit: Serve robotics

Co-founder and CEO of Serve Robotics, Kashani stated, “While self-driving cars remove the driver, robotic delivery itself eliminates the car and makes delivery durable and accessible to all.” “Over the next two decades, new mobility robots will enter every aspect of our lives — first food, then everything else.”

The search for postmates in pavement delivery bots began in 2017, when the company acquired Kashani’s startup Locks Inc. As head of Postmates X, Kashani asked to answer the question: two in two-ton cars Why transfer pounds of barrites? Postmates revealed its first service autonomous delivery bot in December 2018. A second generation – with a similar design but different LIDAR sensors and some other upgrades – emerged in summer 2019 ahead of its planned commercial launch in Los Angeles.

Company mission The design, development and operation of delivery robots specialized in navigating pavements will continue, with an eye for detail. service tax Will continue its distribution operations in Los Angeles. It plans to promote research and development in the San Francisco Bay Area and expand its market reach Through the new partnership.

The spin-out is in line with Uber’s objective, which makes a push to make its business focus profitable on ride-hailing and delivery. The strategy began to take shape after Uber’s public market debut in May 2019 and accelerated in the last year as the COVID-19 epidemic put pressure on the ride-hailing company. Two years ago, Uber ventured into transport scenarios such as autonomous vehicles and air taxis such as ride-hailing and micromobility to logistics, public transit, food delivery and futuristic bets. CEO Dara Khrosroshi has scrapped the all-kitchen-sink approach, pushing the company toward profitability.

In 2020, Uber sold the shared scooter and bike unit Jump in a complex deal with Like, selling one $ 500 million stake In its logistic spinoff Uber Freight and ridding itself of its autonomous vehicle unit Uber ATG and Air Taxi Play Uber Elevate. Arora Uber acquired ATG In a transaction that had the same structure as a jump-lime transaction. Arora did not pay cash for Uber ATG. Instead, Uber handed over its equity in ATG and invested $ 400 million in Aurora, giving it a 26% stake in the combined company. In a similarly drafted deal, Uber Elevate was sold to Job Aviation in December.