Slide 1: Autonomous robotics at scale
Proprietary and Confidential Investor Presentation 2026 Autonomous robotics at scale.→
Slide 2: Forward-looking statements and disclaimers
2Proprietary and Confidential Forward-looking statements and disclaimers This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are not his
Slide 3: Every day, millions of small packages travel short distances in oversized vehicles
3Proprietary and Confidential Every day, millions of small packages travel short distances in oversized vehicles. We built the robots that make that obsolete. Serve is a leading autonomous robotics company operating scaled commercial Level 4 fleets across 44 U.S. cities.
Slide 4: Category creator in autonomous robots; Physical AI leader
4Proprietary and Confidential Category creator The largest autonomous robot fleets operating commercially in the U.S. Multi platform Integration with Uber Eats and DoorDash for food delivery; Partnerships with 26 hospitals in the U.S. Triple Digit% Rev Growth Outlook for 2026 revenue: $26M (vs $2.7
Slide 5: Last mile delivery is broken. Robots fix it.
5Proprietary and Confidential $450B Robotic & drone delivery opportunity by 2030 2.5 mi Median food delivery distance in the U.S. $810 Current per-delivery cost with human couriers Sources: ARK Big Ideas 2025, NHTSA, Company estimates | © 2026 Serve Robotics Inc. Short trips. Small packages. Massi
Slide 6: We don't just build robots. We build delivery networks.
6Proprietary and Confidential 1.8M Sidewalk + Hospital deliveries To date Zero Major incidents Serious injury, fatality, or near miss 99.8% Completion rate Industry-leading reliability 2,000 100 Moxi Hospital robots deployed 44 U.S. cities 150+ neighborhoods 14 states We donʼt just build robots. We
Slide 7: We don't compete with delivery platforms. We power them.
7Proprietary and Confidential Commercial partner integrated since inception. Multi-year strategic partnership. Rollout underway in select U.S. cities. We don't compete with delivery platforms. We power them. Our robots are integrated into the two largest U.S. delivery apps - creating built-in demand
Slide 8: A commercially scalable ecosystem backed by tier 1 partners
8Proprietary and Confidential A commercially scalable ecosystem backed by tier 1 partners across hardware, compute, and sensing. World-class hardware partners The Ecosystem Leading provider of high-resolution digital lidar sensors. Tier 1 automotive contract manufacturer. Gen3 production at scale. J
Slide 9: Compelling value proposition for merchants, consumers, and delivery platforms
Compelling value proposition for merchants, consumers, and delivery platforms Economics With Serve Rising labor costs and regulations. Insurance overhead. High turnover. Limited operating hours. No driver wages. 14-hour operation. 65% lower hardware cost with Gen3. High utilization through platform
Slide 10: The Serve Flywheel
10Proprietary and Confidential Every dollar of revenue funds more robots → more data → better models → more deployments → more revenue. 2,000 Serve robots on sidewalks. 100 Moxi robots in hospitals. Multi-domain, real- world data no one else can match. 1 Data End-to-end models train across our dom
Slide 11: One autonomy stack. Many environments.
11Proprietary and Confidential We donʼt just operate robots. We operate a platform that powers Physical AI. Our stack is end-to-end: perception, localization, planning, connectivity, and remote supervision. Itʼs been built and optimized across millions of miles of real-world operation. Indoor / Outd
Slide 12: The Serve robot: third generation
Gen2 Gen3 Top Speed 7 mph 11 mph Weather 32104°F / Light rain 4113°F / Heavy rain Range 23 mi 10 hrs 48 mi 14 hrs Cargo 13 gal / 4 14" pizzas 15 gal / 4 16" pizzas Unit Cost Baseline 65% reduction Full-stack AV sensors Level 4 autonomy All-day battery Redundant connectivity NVIDIA Jetson Or
Slide 13: The Moxi robot: purpose-built for the hospital
Purpose-built for the hospital. The Moxi robot Hardware & operating profile Compute NVIDIA RTX A2000 10× prior gen) Battery 70% capacity, 18h runtime Sensors 3D lidar, cameras Manipulation Mobile arm, drawer cameras Operating environment Multi-level hospitals, clinics, labs Diligent Robotics was
Slide 14: Fleet growth timeline and manufacturing with Magna
14Proprietary and Confidential First Gen3 robots roll off Magna assembly line Oct 2024 Fleet quadrupled. Miami, Dallas, Atlanta launched. H1 2025 Dec 2025 Fleet quadrupled again. 2,000th robot deployed. Largest sidewalk fleet in the U.S. 2026 Optimize utilization. Expand geographies. Invest to grow
Slide 15: City by city. Neighborhood by neighborhood.
● Los Angeles ● Miami ● Dallas ● Atlanta ● Chicago ● Ft. Lauderdale ● Alexandria Live: 2026 Growth drivers New metros Selected by density, order volume, and regulatory readiness Deeper penetration More neighborhoods within existing markets Platform pull Uber Eats & DoorDash demand drives expansion p
Slide 16: Expansion across the globe
CITIES LIST City by city. Neighborhood by neighborhood. ● New York ● San Jose ● Vancouver ● Sydney 2026: ● Seattle ● Philadelphia ● Boston ● Melbourne ● Perth ● Adelaide ● Tokyo ● Toronto ● Manchester ● London 2027+: ● Osaka ● Taipei ● Madrid Cities listed represent potential expansion markets and c
Slide 17: Financial path: from proof of concept to revenue inflection
17Proprietary and Confidential From proof of concept to revenue inflection. Financial path 2,000-robot fleet creates the foundation for utilization, monetization, and platform expansion. FY 2024 FY 2025 $1.8M Early fleet. R&D phase. $2.7M Guided $2.5M. Fleet → 2,000. FY 2026 Guidance $26M 10x grow
Slide 18: Revenue diversification
18Proprietary and Confidential 18 Diversification across geography, environment and customer Fleet Revenue Growth Engine Diversified revenue streams across Serve Revenue Diversification Food delivery: Partnerships with UberEats and DoorDash Healthcare: Long-term fixed monthly + usage contracts at ho
Slide 19: Built by people who've shipped robots, platforms, and products
19Proprietary and Confidential Built by people who've shipped robots, platforms, and products. Team Ali Kashani Co-founder, CEO VP at Postmates. Ph.D. Robotics UBC. 15 patents. Touraj Parang President & COO VP Corp Dev at GoDaddy. Yale Law & Stanford. MJ Burk Chun Co-founder & VP Product + Design
Slide 20: A category-defining 2025
20Proprietary and Confidential A category- defining 2025 → Largest scaled commercial fleet on sidewalks and hospitals in the U.S. → 20X robot fleet size to 2,000 deployed robots → Cover 80% of U.S. food delivery demand with UberEats and DoorDash → Scaled to 20 cities and 6 metro areas from LA to D.C
Slide 21: Q1 FY2026 Financial Highlights
21Proprietary and Confidential Q1 FY2026 Financial Highlights $3.0M Q1 revenue exceeds plan 578% $197M cash & marketable securities as of 31 Mar 2026 Results Outlook YOY revenue growth $26M 2026 revenue guidance $25M 2026 capex $160$170MNon-GAAP operating expense reflecting continued investment in
Slide 22: The Long-Term Vision
Slide 16 Header: The Long-Term Vision Unbundling the car for dense cities Specialized autonomous robots for everyday urban tasks. ● Safer streets ● Lower emissions ● More efficient local commerce Design direction: Strong closing image. Minimal text. One idea only. The Operating Layer of Physical AI
Slide 23: Projected 2026 Operating Expenses reconciliation
23Proprietary and Confidential Appendix Projected 2026 Operating Expenses (USD$ millions) GAAP Operating Expenses $ 197 212 Stock Based Compensation 37 42 Non-GAAP Operating Expenses $ 160 170 Reconciliation of GAAP Operating Expenses to Non-GAAP Operating Expenses