Serve Robotics Inc. announced its financial results for the fourth quarter and full year ended December 31, 2024, on March 6, 2025. The company reported full-year revenue growth of 700% or more, indicating substantial expansion.
CEO Dr. Ali Kashani stated that 2024 was a transformational year, with the company doubling the delivery capacity of its existing fleet and completing the design of its new generation of more capable and cost-efficient robots. Serve also began scale manufacturing in partnership with Magna.
The company remains on track to deploy 2,000 robots across the U.S. by year-end 2025. In Q1 2025, Serve is building 250 additional robots, with 75 already manufactured ahead of schedule, demonstrating progress towards its deployment targets.
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