Serve Robotics Stock Surges 12% Today Following Partnership With DoorDash

Serve Robotics Inc. (SERV) and DoorDash Inc. (DASH) have announced a long-term partnership aimed at expanding robotic deliveries across the U.S. 

As part of the deal, customers in Los Angeles who order from select local merchants through the DoorDash app may receive their orders through a Serve robot. This initiative will also considerably increase the volume of orders Serve can fulfill using its autonomous delivery fleet.

Following the announcement, Serve Robotics' stock traded over 12% higher in Thursday’s premarket and was the third-most trending equity ticker on Stocktwits. Retail sentiment around the stock improved to ‘extremely bullish’ from ‘bullish’ territory amid ‘high’ message volume levels. 

With a presence in cities like Miami, Dallas, Atlanta, and Chicago, Serve Robotics has already completed more than 100,000 autonomous deliveries from over 2,500 restaurants. Spun off from Uber in 2021 as an independent company, Serve develops AI-powered, low-emissions sidewalk delivery robots.

The partnership aims to accommodate rising consumer demand while curbing emissions and easing pressure on traffic-heavy urban centers. Serve Robotics rolled out its 1,000th third-generation robot on October 6. In September alone, more than 380 of these newer models were launched in neighborhoods nationwide. According to Serve, it is on pace to reach its target of 2,000 robots by the close of 2025.

For the third quarter, Serve anticipates revenue in the range of $600,000 to $ 700,000, representing a 170% to 215% year-over-year increase in projected growth, against the analysts’ consensus estimate of $690,000, according to Fiscal AI data. 

Serve Robotics’ stock has gained over 23% in 2025 and over 64% in the last 12 months. 

Also See: HSBC Lifts Plug Power Price Target Amid Clean Tech Optimism

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