Serve Robotics Acquires Vayu Robotics to Pioneer AI Foundation Model-Based Autonomy for Last-Mile Delivery
Serve Robotics (NASDAQ:SERV), a leader in autonomous sidewalk delivery, has acquired Vayu Robotics to advance AI foundation model-based autonomy for last-mile delivery. The acquisition involves 1,696,069 shares of common stock upfront, with potential additional 560,000 shares tied to performance milestones and 4,000,000 warrants at $10.36 per share.
The strategic combination aims to enhance Serve's autonomous delivery capabilities by integrating Vayu's AI foundation models and simulation technology with Serve's real-world dataset. Key objectives include accelerating entry into new markets, improving safety and reliability, and reducing delivery costs to $1 per delivery. Notable Silicon Valley investor Vinod Khosla will join Serve's Advisory Board as part of the deal.
The transaction includes a 180-day lockup for stock consideration and a four-year lockup for warrant consideration, with Serve maintaining a strong balance sheet post-acquisition.Serve Robotics (NASDAQ:SERV), azienda leader nelle consegne autonome su marciapiede, ha acquisito Vayu Robotics per potenziare l'autonomia basata su modelli fondativi di AI per l'ultimo miglio. L'accordo prevede un pagamento iniziale di 1.696.069 azioni ordinarie, con l'opzione di ulteriori 560.000 azioni legate a risultati di performance e 4.000.000 warrant esercitabili a $10,36 per azione.
La fusione strategica punta a rafforzare le capacità di delivery autonomo di Serve integrando i modelli AI e la tecnologia di simulazione di Vayu con il dataset operativo di Serve. Gli obiettivi principali sono accelerare l'ingresso in nuovi mercati, aumentare sicurezza e affidabilità e ridurre i costi di consegna fino a $1 per spedizione. L'investitore della Silicon Valley Vinod Khosla entrerà a far parte del Advisory Board di Serve nell'ambito dell'accordo.
La transazione prevede un periodo di lockup di 180 giorni per le azioni e di quattro anni per i warrant; dopo l'acquisizione Serve mantiene una solida posizione finanziaria.
Serve Robotics (NASDAQ:SERV), líder en entregas autónomas en aceras, ha adquirido Vayu Robotics para impulsar la autonomía basada en modelos fundamentales de IA para la última milla. La operación incluye 1.696.069 acciones ordinarias iniciales, con hasta 560.000 acciones adicionales vinculadas a hitos de rendimiento y 4.000.000 warrants a $10,36 por acción.
La combinación estratégica busca mejorar las capacidades de entrega autónoma de Serve integrando los modelos de IA y la tecnología de simulación de Vayu con el conjunto de datos del mundo real de Serve. Los objetivos clave son acelerar la entrada a nuevos mercados, mejorar la seguridad y la fiabilidad, y reducir el coste por entrega hasta $1. El inversor de Silicon Valley Vinod Khosla se incorporará al Consejo Asesor de Serve como parte del acuerdo.
La transacción contempla un periodo de bloqueo de 180 días para las acciones y de cuatro años para los warrants; Serve mantiene un balance sólido tras la adquisición.
Serve Robotics (NASDAQ:SERV)는 보도(인도) 자율 배달 부문 선두주자로서, 라스트마일 자율주행을 위한 AI 파운데이션 모델 역량 강화를 위해 Vayu Robotics를 인수했습니다. 이번 거래는 선지급으로 1,696,069주의 보통주를 포함하며, 실적 달성에 따라 추가로 560,000주가 지급될 수 있고, 행사 가격 $10.36의 4,000,000 워런트도 포함됩니다.
이번 전략적 결합은 Vayu의 AI 파운데이션 모델과 시뮬레이션 기술을 Serve의 실제 운영 데이터셋과 통합해 자율 배달 능력을 향상시키는 것을 목표로 합니다. 핵심 목표는 신규 시장 진출 가속화, 안전성과 신뢰성 향상, 배송 단가를 $1까지 낮추는 것입니다. 실리콘밸리의 주요 투자자 Vinod Khosla가 이번 거래의 일환으로 Serve의 자문위원회에 합류합니다.
거래 조건에는 주식에 대한 180일 락업과 워런트에 대한 4년 락업이 포함되어 있으며, 인수 후에도 Serve는 탄탄한 재무 구조를 유지합니다.
Serve Robotics (NASDAQ:SERV), leader des livraisons autonomes sur trottoir, a acquis Vayu Robotics afin de développer une autonomie de dernier kilomètre basée sur des modèles fondamentaux d'IA. L'acquisition comprend 1 696 069 actions ordinaires versées initialement, avec potentiellement 560 000 actions supplémentaires liées à des objectifs de performance et 4 000 000 de warrants au prix de $10,36 par action.
Cette alliance stratégique a pour but de renforcer les capacités de livraison autonome de Serve en intégrant les modèles IA et la technologie de simulation de Vayu aux jeux de données du monde réel de Serve. Les objectifs principaux sont d'accélérer l'entrée sur de nouveaux marchés, d'améliorer la sécurité et la fiabilité, et de réduire le coût par livraison à $1. L'investisseur de la Silicon Valley Vinod Khosla rejoindra le conseil consultatif de Serve dans le cadre de l'accord.
La transaction prévoit une période de lock-up de 180 jours pour les actions et de quatre ans pour les warrants ; Serve conserve une situation financière solide après l'acquisition.
Serve Robotics (NASDAQ:SERV), Marktführer für autonome Gehweglieferungen, hat Vayu Robotics übernommen, um die Autonomie für die letzte Meile auf Basis von AI-Foundation-Modellen voranzutreiben. Die Vereinbarung umfasst anfänglich 1.696.069 Stammaktien, mit bis zu weiteren 560.000 Aktien abhängig von Leistungsmeilensteinen sowie 4.000.000 Warrants zu $10,36 pro Aktie.
Die strategische Verbindung soll Serves autonome Lieferfähigkeiten durch die Integration von Vayus AI-Foundation-Modellen und Simulations-Technologie mit Serves realen Datensätzen stärken. Wichtige Ziele sind die beschleunigte Erschließung neuer Märkte, höhere Sicherheit und Zuverlässigkeit sowie die Senkung der Lieferkosten auf $1 pro Lieferung. Der bekannte Silicon-Valley-Investor Vinod Khosla tritt im Rahmen des Deals in Serves Beirat ein.
Die Transaktion sieht eine 180-tägige Sperrfrist für die Aktien und eine vierjährige Sperrfrist für die Warrants vor; Serve behält nach der Übernahme eine starke Bilanz.
- Integration of Vayu's AI foundation models with Serve's real-world dataset to enhance autonomous navigation capabilities
- Addition of renowned tech investor Vinod Khosla to Advisory Board strengthens strategic guidance
- Potential expansion into new delivery markets and use cases (bike lanes, road margins)
- Expected improvements in safety, reliability, and operational costs across fleet
- Acquisition brings experienced team of engineers and researchers from top institutions
- Significant stock dilution through issuance of up to 2,256,069 shares plus 4,000,000 warrants
- Integration risks between two different technology platforms and teams
- Performance-based earnout suggests uncertainty in achieving technological milestones
Insights
Serve's acquisition of Vayu Robotics represents a strategic move to accelerate AI-powered autonomous delivery, enhancing capabilities while solidifying market leadership.
This acquisition marks a significant technological leap for Serve Robotics' autonomous delivery platform. The integration of Vayu's foundation model-based navigation with Serve's extensive real-world dataset creates a powerful combination that addresses key limitations in current autonomous systems. Foundation models have revolutionized AI capabilities across domains, and their application to physical robotics represents the next frontier in autonomous navigation.
The technical synergies are compelling: Serve gains Vayu's interpretable foundation-model architecture and simulation engine, which will enhance training efficiency by complementing real-world data with synthetic data. This approach allows for rapid scaling of edge case training - critical scenarios that occur rarely but require robust handling. The NVIDIA Orin platform mentioned provides the computational horsepower needed to run these sophisticated models at the edge, enabling real-time decision-making without cloud dependence.
From a competitive standpoint, this acquisition positions Serve to potentially outpace rivals in two critical metrics: safety performance and cost structure. The enhanced simulation capabilities will likely accelerate their deployment timeline into new environments, including bike lanes and road margins - expanding their addressable market considerably. This is particularly valuable as regulatory barriers often limit where autonomous delivery robots can operate.
Notably, the addition of Vinod Khosla to Serve's advisory board brings strategic depth. Khosla's early recognition of last-mile delivery as a prime application for autonomous robotics validates Serve's business model. The transaction structure, with earnout payments tied to specific autonomy milestones, aligns incentives around technological performance rather than just financial metrics - suggesting confidence in the technical roadmap toward achieving the stated goal of reducing delivery costs to
- Expedites Serve’s adoption of end‑to‑end learned autonomy to unlock safer, faster navigation
- Vinod Khosla to join Serve’s advisory board
SAN FRANCISCO, Aug. 18, 2025 (GLOBE NEWSWIRE) -- Serve Robotics Inc. (Nasdaq: SERV), a leading autonomous sidewalk delivery company (“Serve”), has acquired Vayu Robotics, Inc. (“Vayu”), a pioneer in urban robot navigation using large-scale AI models.
The strategic acquisition marks a milestone in Serve’s mission to redefine the future of autonomous delivery. As “physical AI” gains unprecedented momentum, acquiring Vayu positions Serve at the forefront of this paradigm shift in the robotics industry.
Serve’s delivery robots have set the industry benchmark for last-mile autonomy performance, successfully navigating complex, dynamic environments in urban settings. By combining Serve’s autonomy stack and unrivalled real‑world sidewalk dataset with Vayu’s expertise in AI foundation models and its scalable simulation-powered data engine, Serve is positioned to train more capable models through the fusion of real and simulated data — unlocking safer, faster, and more generalizable navigation while accelerating entry into new geographies and use cases.
The combination of Serve and Vayu is expected to:
- Accelerate Serve’s roadmap and bring new capabilities enabled by Vayu’s interpretable, foundation-model-driven robot navigation to Serve’s third-generation robots powered by the NVIDIA Orin edge AI platform.
- Expand Serve’s autonomy training capabilities by integrating high-speed, photorealistic simulation engine that complements Serve’s real-world dataset to enable scalable, diverse, and edge-case-rich AI training.
- Enable possible expansion into new delivery use cases and operating environments (such as bike lanes and road margins), facilitating faster entry into new customer categories, geographic regions and driving additional revenue and customer growth.
- Enhance safety, reliability and speed to further improve operation cost across Serve’s growing fleet.
Vayu’s multidisciplinary team of exceptional engineers from top-tier institutions, pedigreed researchers, and seasoned business leaders join Serve with decades of experience in developing and commercializing advanced technologies across autonomous vehicles and robotics. Vayu’s founders Anand Gopalan, Mahesh Krishnamurthi and Nitish Srivastava bring unique perspectives shaped by their deep expertise in AI and machine learning, hardware systems, and large-scale production.
In addition, legendary Silicon Valley technologist and Vayu’s lead investor Vinod Khosla will join Serve’s Advisory Board to support its mission of bringing robots to cities across the world.
“With this acquisition, Serve solidifies its leadership position, not just in current robotic delivery operations, but in shaping the future of autonomous robotic navigation. This step marks a significant milestone in Serve’s roadmap toward wide-scale deployment of autonomous robots on sidewalks across the nation, aligning with industry predictions of rapid robot adoption,” said Dr. Ali Kashani, CEO and co-founder of Serve Robotics. “Autonomy is critical to our long-term goal of bringing delivery costs down to
“We are thrilled to join the Serve team and apply our AI foundation model technology, talent and expertise to accelerating the development of their autonomous delivery platform,” said Anand Gopalan, CEO of Vayu Robotics. “Serve is differentiated by unmatched operational depth, a proven ability to deploy robots at scale, and a relentless focus on driving down cost per delivery through autonomy. Combined with a strong balance sheet and a bold, clear-eyed vision, Serve is uniquely positioned to lead the future of last-mile logistics. We’re proud and excited to be building that future together.”
“AI models are driving a new class of robotics across a range of industries,” said Vinod Khosla, founder of Khosla Ventures. “We invested early in Vayu because last-mile delivery stood out as one of the applications where autonomous delivery robots could create immense value. Today’s acquisition combines Vayu’s technological breakthroughs with Serve’s large footprint to accelerate faster, safer and more cost effective delivery.”
Financial Consideration
The acquisition was completed for upfront initial consideration payable to Vayu stockholders of 1,696,069 shares of Serve’s common stock (“Common Stock”), subject to customary purchase price adjustments and including vested, in-the-money options. An additional future earnout of 560,000 shares of Common Stock may be payable to Vayu stockholders and Vayu debtholders, contingent on achieving certain autonomy performance milestones. Additionally, the acquisition consideration included warrants to purchase 4,000,000 shares of Common Stock at an exercise price of
Some Vayu stockholders may also receive cash in lieu of shares. The transaction includes customary representations and warranties of the parties and an escrow to cover any indemnifiable expenses or liabilities. The stock consideration received in the transaction is subject to a 180-day lockup and the warrant consideration received in the transaction is subject to a four-year lockup.
Following the acquisition, Serve will continue to have a strong balance sheet and expects to continue to have access to sufficient capital.
About Vayu Robotics
Vayu Robotics is an AI company driven by the belief that the next wave of robotics solutions can be low cost, environmentally sustainable and inherently scalable. Vayu is building the foundation model for robotics – the next generation of AI to power perception and motion. Vayu’s team of engineers, technologists and business leaders come with decades of experience that bring together the best in machine learning, sensing and production, enabling the development of technology that will democratize robotics for widespread adoption.
About Serve Robotics
Serve Robotics develops advanced, AI-powered, low-emissions sidewalk delivery robots that endeavor to make delivery sustainable and economical. Spun off from Uber in 2021 as an independent company, Serve has completed tens of thousands of deliveries for enterprise partners such as Uber Eats and 7-Eleven. Serve has scalable multi-year contracts, including a signed agreement to deploy up to 2,000 delivery robots on the Uber Eats platform across multiple U.S. markets.
For further information about Serve Robotics (Nasdaq: SERV), please visit www.serverobotics.com or follow us on social media via X (Twitter), Instagram, or LinkedIn @serverobotics.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Serve intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can be about future events, including statements regarding Serve’s intentions, objectives, plans, expectations, assumptions and beliefs about future events, including Serve’s expectations with respect to the financial and operating performance of its business, its capital position, future growth, and the completion of or benefits from any planned or future acquisitions. The words “anticipate”, “believe”, “expect”, “project”, “predict”, “will”, “forecast”, “estimate”, “likely”, “intend”, “outlook”, “should”, “could”, “may”, “target”, “plan” and other similar expressions can generally be used to identify forward-looking statements. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward-looking statements. Any forward-looking statements in this press release are based on management’s current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. Risks that contribute to the uncertain nature of the forward-looking statements include those risks and uncertainties set forth in Serve’s Annual Report on Form 10-K for the year ended December 31, 2024, filed with the United States Securities and Exchange Commission (the “SEC”) and in its subsequent filings filed with the SEC. All forward-looking statements contained in this press release speak only as of the date on which they were made. Serve undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.
Contacts
Media
Aduke Thelwell
press@serverobotics.com
Investor Relations
investor.relations@serverobotics.com
FAQ
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