Serve Robotics acquires Diligent Robotics for $29M, expanding AI platform into hospitals

Serve Robotics Stock Pops Then Drops After Diligent Robotics Deal - Serve Robotics (NASDAQ:SERV)

Serve Robotics Inc. (NASDAQ:SERV) shares are bouncing around Wednesday after the company announced it entered into an agreement to buy Diligent Robotics. * Serve Robotics stock is trending lower. What's driving SERV stock lower? Diligent Robotics Acquisition Overview Serve has signed a deal to acquire Diligent Robotics, expanding its autonomy platform beyond sidewalk delivery into indoor environments, with hospitals identified as one of the most impactful initial settings. Diligent Robotics is a provider of AI-powered robot assistants for the healthcare industry. The transaction marks Serve's first move into healthcare-focused robotics. Diligent Robotics is the developer of Moxi, an autonomous hospital delivery robot deployed in more than 25 hospital facilities across the U.S. The company said Moxi robots have completed over 1.25 million autonomous deliveries and represent one of the largest commercial deployments of mobile manipulation robots in hospitals. Annual sales per hospital facility are expected to range between $200,000 and $400,000. Serve said the acquisition leverages a shared autonomy and AI stack, allowing learning and deployment data from indoor hospital environments to strengthen its broader Physical AI platform. Diligent's operations will continue as a subsidiary of Serve under the leadership of Diligent co-founder Andrea Thomaz. Under the terms of the merger agreement, Diligent shareholders will receive Serve common stock valued at $29 million, subject to net debt and other adjustments. The deal also includes a potential earn-out of up to $5.3 million based on the achievement of specific milestones. All Diligent options and warrants will be canceled for no consideration at closing. The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions, including regulatory approvals and Nasdaq listing authorization for the shares issued in the transaction. SERV Sees Strong Short-Term Momentum Currently, Serve Robotics is trading 10.4% above its 20-day simple moving average (SMA) and 14% above its 100-day SMA, indicating a strong short-term and intermediate-term bullish trend. Over the past 12 months, shares have decreased by 31.17%, and they are currently positioned closer to their 52-week highs than lows, reflecting a recovery phase. The RSI is at 53.20, which is considered neutral territory, suggesting that the stock is neither overbought nor oversold. Meanwhile, MACD is above its signal line, indicating bullish momentum, which aligns with the current price action. The combination of neutral RSI and bullish MACD suggests mixed momentum, indicating that while there is some strength, traders should remain cautious. Benzinga Edge Rankings Below is the Benzinga Edge scorecard for Serve Robotics, highlighting its strengths and weaknesses compared to the broader market: * Momentum: Bearish (Score: 22.28/100) -- Stock is underperforming the broader market. The Verdict: Serve Robotics's Benzinga Edge signal reveals a challenging momentum situation. While the stock is currently gaining, the low momentum score indicates that it may struggle to maintain this upward trajectory without stronger buying support. SERV Price Action: Serve shares were up about 4% following the announcement before pulling back and turning negative for the session. The stock was down 4.19% at $12.80 at the time of writing, according to data from Benzinga Pro. Image via Shutterstock SERVServe Robotics Inc $12.94-3.14% Overview This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs

1 Artificial Intelligence (AI) Stock Wall Street Thinks Investors Are Still Underestimating

Serve Robotics is already expanding beyond just sidewalk delivery robots. Delivery robots are moving from a speculative venture to a more common alternative. Serve Robotics (SERV 3.85%) is leading the way, now with more than 2,000 delivery robots deployed. The company has been rapidly growing into more U.S. markets, including Los Angeles, Atlanta, Dallas-Fort Worth, Miami, Fort Lauderdale, Chicago, and Alexandria, Virginia. Serve is also moving beyond just sidewalk delivery robots. Yet the company is still just covered by fewer than 10 Wall Street analysts. Large market for robots Serve Robotics originated as a spinoff of Uber Technologies' robotics division, Postmates X, following Uber's 2020 purchase of Postmates. The company's goal is to transform last-mile delivery by deploying sidewalk-navigating robots that help lower delivery costs and reduce emissions compared to conventional delivery methods. Serve's robots are equipped with sophisticated sensors and machine learning tools, enabling them to safely interact with pedestrians in urban settings. Serve Robotics wants to advance autonomous vehicle technology to enhance the sustainability and efficiency of urban delivery. Now, through a recently announced acquisition, the company is bringing its AI technology beyond the sidewalk setting. Analysts could get even more bullish While followed by only a handful of analysts, Serve has a positive consensus rating from that group. One of the most bullish among them is Northland Capital Market's Michael Latimore. He calls it a top pick for 2026, with a $26 per share price target. That implies nearly a double from recent levels. That analysis doesn't account for a new acquisition that expands Serve's addressable market. On Jan. 21, Serve announced it is acquiring privately held Diligent Robotics, a provider of AI-powered robot assistants for the healthcare industry. The transaction marks Serve's initial expansion of its autonomy platform into indoor environments. Hospitals could be among the most impactful settings for robotics implementation. Diligent's robot, Moxi, is an autonomous hospital-delivery robot that supports nurses and hospital staff. Moxi is deployed in more than 25 hospital facilities across the U.S. Serve already has a close relationship with AI leader Nvidia. Moxi also utilizes Nvidia's Jetson embedded robotics platform. Investors may be underestimating Serve Robotics' potential. A report from global market research and consulting firm MarketsAndMarkets stated: The global humanoid robot market is projected to grow from $2.92 billion in 2025 to $15.26 billion by 2030, registering a CAGR [compound annual growth rate] of 39.2%. Growth is being propelled by rising adoption of humanoid robots in personal assistance, caregiving, and healthcare applications, alongside increasing deployment in manufacturing, retail, and logistics for workforce augmentation. With Serve shares dropping after the acquisition announcement, it may be a good time for investors to at least attain a small position in this robotics stock.

Serve Robotics expands physical AI into hospitals with a key acquisition (SERV:NASDAQ)

Join the community built by investors, for investors. Create your free account >> Serve Robotics Inc. (SERV) announced an agreement to acquire AI robotics company Diligent Robotics for an undisclosed amount. Diligent Robotics is an AI robotics company known for its hospital assistant robots, marking Serve's expansion into indoor and healthcare environments. Founded in 2017 The acquisition offers high-revenue growth opportunities, with each Moxi hospital deployment generating $200,000-$400,000 annually, potentially enhancing Serve's income streams. Serve gains access to indoor and healthcare environments, leveraging Diligent's manipulation and navigation tech and broadening its autonomous AI platform beyond outdoor delivery. Integration is expected to create a unified physical AI ecosystem, accelerate AI learning, improve fleet economics, and enable operations in dynamic, human-centric environments.

Serve Robotics stock rises on acquisition of hospital robot maker Diligent By Investing.com

Investing.com -- Serve Robotics Inc (NASDAQ:SERV) stock rose 4.8% in after-hours trading Tuesday following the announcement of its acquisition of Diligent Robotics, a provider of AI-powered robot assistants for the healthcare industry. The acquisition marks Serve's first expansion beyond last-mile delivery into indoor environments, specifically hospitals. Diligent's autonomous hospital robot Moxi is already deployed in over 25 hospital facilities across the U.S., having completed more than 1.25 million autonomous deliveries. Under the terms of the agreement, Serve will pay $29 million in common stock to Diligent shareholders, with a potential additional earn-out of up to $5.3 million upon achievement of specified milestones. The transaction is expected to close in the first quarter of 2026. Founded in 2017, Diligent has raised over $100 million from investors including Tiger Global, Canaan, and True Ventures. Its Moxi robots support nurses and hospital staff by handling routine deliveries, allowing healthcare workers to focus more on patient care. "This acquisition accelerates Serve's evolution from a robotic delivery company into a full-stack autonomy platform," said Dr. Ali Kashani, CEO of Serve Robotics. "By extending our platform beyond sidewalks and into hospitals, we're expanding where our Physical AI can operate, learn, and create value." The deal is expected to deliver non-organic revenue growth, with each hospital facility deploying Moxi robots projected to generate between $200,000 to $400,000 in annual sales. Diligent will continue operations as a Serve subsidiary under the leadership of its CEO Andrea Thomaz. The combined company will leverage a common autonomy and AI stack, which Serve believes will accelerate learning, deployment, and scalability across both outdoor and indoor environments. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Serve Robotics to acquire Diligent Robotics, expanding Physical AI Platform beyond the sidewalk

Serve Robotics, Inc. is engaged in developing next generation robots for last-mile delivery services. The Company offers an autonomous all-electric robot that makes delivery sustainable and economical. The Company’s fleet consists of over 100 robots. Its autonomous all-electric robot can provide real-time presence and status updates on those platforms and receive requests to perform deliveries with respect to customer orders placed on those platforms as needed. It uses artificial intelligence methodologies to design, train and deploy a host of models on robots to perform a variety of tasks, including identification of sidewalk surfaces, intersections, traffic signals, obstacles, pedestrians, and vehicles, and projecting the trajectory of other dynamic agents. Its capabilities include automatic emergency braking, vehicle collision avoidance, and fail-safe mechanical braking. The robots consist of a number of key systems, such as drivetrain, power system, and connectivity.