Uber spins out Postmates' robot delivery division into a separate company

Engadget 

Uber is spinning off Postmates' autonomous delivery division into a separate startup called Serve Robotics. The company inherited the unit when it acquired Postmates last year for $2.65 billion. According to Bloomberg, Uber will invest approximately $50 million in a Series A financing round that will make the company a minority stakeholder in Serve Robotics. The startup will operate independently of its former parent. However, it will maintain a close relationship with the company through a partnership that will see its sidewalk robots deliver groceries and other essentials to Uber customers.

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