Serve Robotics partners with NoScrubs to expand autonomous delivery beyond food

Serve Robotics partners with NoScrubs for laundry delivery By Investing.com

LOS ANGELES - Serve Robotics Inc. (NASDAQ:SERV) announced today a partnership with NoScrubs to deliver laundry orders using its autonomous sidewalk robots, marking the company's first commercial delivery service outside prepared food. The $728 million market cap company has posted revenue growth of nearly 300% over the last twelve months, though it remains unprofitable as it scales operations. The pilot program launches this week in select Los Angeles neighborhoods, according to a press release statement. Serve's existing fleet of autonomous robots will deliver NoScrubs laundry orders to customers' doors. Serve operates approximately 2,000 robots across the United States, including 500 in Los Angeles. The robots will fulfill NoScrubs orders alongside their ongoing food delivery operations. The company stated that laundry pickups and returns generally fall outside food delivery's mealtime peaks. According to InvestingPro analysis, which currently shows the stock as undervalued, the company is quickly burning through cash as it expands -- a common challenge for growth-stage robotics firms. "The same Serve robots that bring you dinner will soon bring you your laundry and more," said Ali Kashani, CEO and Co-Founder of Serve Robotics. NoScrubs operates across seven major U.S. metros: Austin, Dallas-Fort Worth, Houston, Los Angeles, Miami, Phoenix, and the San Francisco Bay area. The service offers 3-4 hour laundry pickup and delivery. Users select their preferred delivery window in the NoScrubs app, and NoScrubs assigns each order to a Serve robot based on availability and storage requirements. "Partnering with Serve allows us to explore innovative ways to serve customers while improving operational efficiency," said Matt O'Connor, Co-founder and CEO of NoScrubs. Serve Robotics has deployed robots that reach a population of approximately 3 million and support delivery for more than 4,000 restaurants. The company acquired Diligent Robotics in January, expanding its operations into indoor service robots used in hospitals. The company stated it views laundry delivery as a step toward expansion into additional verticals, including dry cleaning, retail, pharmacy, and grocery. For deeper insights into Serve Robotics' expansion strategy and financial outlook, investors can access the comprehensive Pro Research Report, available for this and 1,400+ other US equities on InvestingPro. In other recent news, Serve Robotics reported its first-quarter 2026 earnings, revealing significant revenue growth. The company achieved revenue of $3 million, marking a substantial 578% increase year-over-year and a 238% rise sequentially. Despite this impressive growth, Serve Robotics reported a non-GAAP earnings per share of -$0.50, indicating ongoing financial challenges. Additionally, Serve Robotics announced the termination of its Controlled Equity Offering Agreement with several financial firms, having raised approximately $91.2 million from the sale of 7,716,935 shares. The company confirmed that no further sales will occur under the agreement, and there are no penalties for its termination. In another development, Freedom Broker downgraded Serve Robotics from Buy to Hold, citing dilution risk, but maintained a price target of $18.00. These updates provide a comprehensive view of Serve Robotics' recent financial and strategic activities. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Serve Robotics Enters New Partnership With On-Demand Laundry Service Provider NoScrubs

Serve Robotics, Inc. is engaged in developing next generation robots for last-mile delivery services. The Company designs, develops and operates low-emission robots on its artificial intelligence (AI)-powered robotics mobility platform that serves people in public spaces, starting with food delivery. The Company’s fleet consists of over 100 robots. It has platform-level integrations with Uber Eats, which allows serve robots to 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. Its capabilities include automatic emergency braking, vehicle collision avoidance, and fail-safe mechanical braking. It uses AI methodologies to design, train and deploy a host of models on serve robots and these models are used to perform a variety of tasks, including identification of sidewalk surfaces, intersections, traffic signals, obstacles, pedestrians and vehicles, and others.