Zinger Key Points
- Serve Robotics expands to Dallas-Fort Worth with Uber Eats, aiming for 2,000 robots by 2025.
- Uptown Dallas launch covers 22,000+ households, partnering with local restaurants.
- With stocks plunging, steady income is key. Tim Melvin & Ryan Faloona reveal dividend stocks and deep-value plays on April 8. Reserve your spot now.
Serve Robotics Inc. SERV and Uber Technologies UBER shares are trading on Thursday after Serve announced the launch of its service in the Dallas-Fort Worth metro area.
The expansion, in partnership with Uber Eats, marks a significant step in Serve's goal to deploy 2,000 AI-powered delivery robots nationwide by the end of 2025.
Serve’s expansion into Dallas-Fort Worth comes after recent growth in Los Angeles and a new market entry in Miami. More U.S. cities are expected to launch throughout 2025.
Serve has launched operations in Uptown Dallas, covering neighborhoods such as Pearl, State Thomas, West Village, and South Routh, reaching over 22,000 households.
Customers ordering through Uber Eats in these areas may now receive deliveries via Serve's autonomous robots.
Megan Jensen, Uber’s head of autonomous delivery operations, “We look forward to expanding our autonomous deliveries in Dallas Fort-Worth to continue delighting customers with fast, convenient delivery.”
Last month, Serve Robotics reported a three-fold jump year-on-year in fourth-quarter revenue to $175,842, missing the analyst consensus estimate of $246,400.
Price Action: UBER shares are down 4.78% at $70.95, and SERV is down 7.93% at $5.42 at the last check Thursday.
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