TechCrunch·3 min read·medium

Uber surprised robotics company Serve by selling its entire stake

K
Kirsten Korosec
Uber surprised robotics company Serve by selling its entire stake
AI Summary

Uber has divested its entire stake in Serve Robotics, an autonomous delivery company that originally spun out of Uber's Postmates division. The move follows a decline in robot utilization and diverging business strategies between the two companies.

Uber has sold off its entire stake in Serve Robotics, the autonomous delivery robot company that spun out of the ride-hailing company more than five years ago.

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