“The only thing that is worse than being a CEO of the public company is currently CEO of the private company,” says Ali Kashani, co -founder and CEO of Serve Robotics. Access to capital, he argues, is everything in robotics. And in today’s “FOMO-controlled” risk, it is anything but guaranteed to secure funds.
Supported by Nvidia and Uber recently collected 80 million US dollars to expand his runway by 2026. The company aims to scale from 100 Sidewalk robots in Los Angeles to 2,000 bots that work in the US cities by the end of this year, and the operational profitability reaches as soon as this fleet is fully equipped. It is a brave game in a room in which hardware, logistics and data collide.
Today Rebecca Bellan Kashani has the navigation of the public markets, the scaling of the robotics of the real world by using the delivery of food as a test site and building what it hopes is, the future of delivery is in the end.
Listen to the complete episode to more about:
- How the surcharge of a postmates spinout in 2021 went to a listed company via reverse fusion in 2024.
- What is necessary to scale a delivery fleet in cities such as La, Miami and Dallas, and why serve starts on College Campus like its rivals.
- Why Kashani says that bots from Serve’s Sidewalk Bots collect four times more visual data per day than the GPT-4 vision model.
- How ground robots and drones could work together to finally crack the logistics of the last mile.
Equity will be back on Friday with our weekly news round and a special Google I/A reporting from Max. Don’t miss it!
Equity is Techcrunch’s flagship, which is produced every Wednesday and Friday by Theresa Loconsolo.
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