Serve Robotics slashed its full-year 2026 revenue guidance to $9-10 million from $26 million, causing its shares to fall 7% and erasing a recent rally. The downgrade was driven by weaker Uber Eats delivery volumes despite new partnerships with Grubhub and expanded DoorDash coverage. The company posted a 404% year-over-year revenue increase in Q2 2026 but faces challenges as Uber sold its stake and delivery volumes declined. Serve Robotics continues to expand its robot delivery footprint, but investors remain cautious amid high short interest and significant losses.
Uber is expanding its U.S. delivery service by partnering with drone company Zipline to offer autonomous drone deliveries through Uber Eats starting later this year. This collaboration aims to provide customers with orders delivered within 5-10 minut...
Uber is investing in and partnering with drone delivery startup Zipline to enable drone deliveries on Uber Eats, starting by the end of 2024 in Zipline's current markets. The goal is to reach one million deliveries per day using Zipline's drones by 2...
Uber and Chinese autonomous vehicle developer Pony.ai have expanded their partnership to deploy 2,000 self-driving taxis across Europe and extend their robotaxi services to the Middle East. This follows the launch of a commercial robotaxi service in ...
Uber and Chinese autonomous vehicle maker Pony.ai have announced plans to introduce 2,000 robotaxis in four European cities as part of their expanded partnership. Pony.ai will provide the autonomous driving technology, while Uber will leverage its ri...
