Serve Robotics Inc. announced on August 18, 2025, the acquisition of Vayu Robotics, Inc., a company specializing in urban robot navigation using large-scale AI models. This strategic move aims to position Serve at the forefront of physical AI in the robotics industry.
The acquisition was completed for upfront initial consideration of 1,696,069 shares of Serve’s common stock, including vested, in-the-money options, payable to Vayu stockholders. An additional earnout of 560,000 shares may be payable contingent on achieving certain autonomy performance milestones.
Warrants to purchase 4,000,000 shares of common stock at an exercise price of $10.36 per share were issued to Khosla Ventures, Vayu’s lead investor, who will join Serve’s Advisory Board. This integration combines Serve’s real-world sidewalk dataset with Vayu’s expertise to train more capable AI models, enabling safer, faster, and more generalizable navigation while accelerating market entry and reducing delivery costs to a target of $1.
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