Serve Robotics (SERV) said Wednesday it has introduced its third-generation autonomous delivery robot.
The new model incorporates Nvidia's (NVDA) Jetson Orin to support computing power and Ouster's (OUST) REV7 digital lidar, the company said.
The robots are being mass-produced in collaboration with Magna International (MGA), Serve Robotics said, adding that it plans to deploy 2,000 units on the Uber's (UBER) Uber Eats unit platform in 2025.
The company's shares were up nearly 3.6% in recent Wednesday trading.
Price: 9.04, Change: +0.38, Percent Change: +4.39
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