Serve Robotics Agrees to Acquire Robot Maker Vebu

Dow Jones11-08
 

By Stephen Nakrosis

 

Autonomous robotic delivery company Serve Robotics said it agreed to acquire Vebu, which offers full-stack automation and robotics solutions for restaurant partners.

The acquisition will allow Serve to provide customers with a suite of automation solutions and expand its offerings into back of house automation, it said Thursday.

Vebu is maker of the Autocado, an avocado-processing robot which allows employees to load up to 25 pounds of avocados into the device, which it makes into guacamole. The Autocado is now in pilot testing in Chipotle's Huntington Beach, Calif., restaurant, Serve said.

Vebu's founder and Chief Executive Buck Jordan will join Serve Robotics as senior vice president of kitchen automation.

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

November 07, 2024 17:59 ET (22:59 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment