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

EngadgetMar-2-2021, 20:47:00 GMT

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.

artificial intelligence, delivery division, postmate, (7 more...)

Engadget

Industry:

Transportation > Passenger (1.00)
Transportation > Ground > Road (1.00)

Technology: Information Technology > Artificial Intelligence > Robots > Autonomous Vehicles (0.66)

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