Slide 1: Delivering a sustainable future: Robotic Last Mile Delivery
Delivering a sustainable future August 2023 Robotic Last Mile Delivery
Slide 2: Disclaimer
Disclaimer This document has been prepared by Serve Robotics, Inc. (the “Company”) in connection with a potential financing and for information purposes only. The information contained herein is confidential and may not be reproduced or otherwise disseminated, in whole or in part, without the prior
Slide 3: No Offer Or Solicitation
No Offer Or Solicitation This presentation shall not constitute a “solicitation” as defined in Section 14 of the Securities Exchange Act of 1934, as amended. This presentation does not constitute an offer, or a solicitation of an offer, to buy or sell any securities, investment or other specific pro
Slide 4: Delivery is in hyper-growth, but costs prevent profits
Delivery is in hyper - growth, but costs prevent profits $350B untapped market for robotic delivery $155B Restaurants $66B Pharmacy $125B Grocery $7B Same - Day Retail Company estimates based on 2025 worldwide projections [ 1 , 2 , 3 , 4 ] In 2022, DoorDash revenue grew 35%; its losses grew 190% ! M
Slide 5: Robots are on a mission to make delivery profitable
Robots are on a mission to make delivery profitable Why deliver 2 lb burritos in 2 ton cars? At full scale, robots are expected to lower last mile delivery cost to $1 . Tailwinds include: ● Labor shortage & wage increase ● Worker classification laws ● Caps on delivery take - rates ● Declining robot
Slide 6: We are industry insiders backed by industry leaders
Changed We are industry insiders backed by industry leaders Serve started in 2017 as the skunk works division of Postmates (acquired by Uber), and it spun out of Uber in 2021. Serve is backed by industry leaders including Nvidia , 7 - Eleven , Delivery Hero , in addition to Uber . Spin - out of: Oth
Slide 7: We signed one of the largest contracts in AV
We signed one of the largest contracts in AV: Signed contract to deploy up to 2,000 robots over 3 years. Serve fleet is fully integrated into a major delivery platform (Uber Eats), which helps us achieve high robot utilization quickly in new markets. Uber Eats merchant enrollment email: 7
Slide 8: Our delivery volume is growing fast
Our delivery volume is growing fast >30% MoM growth (trailing 18 mo) 300 active restaurants Monthly Robot Deliveries 8
Slide 9: Serve robots successfully complete 99.9% of deliveries
Serve robots successfully complete 99.9% of deliveries — that is, only 1 failed delivery per 1,000. Our robots are 10x more reliable than human couriers Serve Robots in L.A. 9
Slide 10: We cracked the code because we know on-demand
We cracked the code because we know on - demand Our robots are unique . How we deploy is unique . Our go - to - market is unique . 7 mph top speed All - terrain drivetrain 50 liters of cargo, holds up to 4 pizzas All day battery Touch - screen user interface Full - stack AV sensors Level 4 autonomy
Slide 11: Our Level 4 autonomy beats labor arbitrage
Serve is among the first AV companies to commercialize Level 4 autonomous robots. Level 2 & 3: R.C. Robots ● Human always in the loop ● Safety risk to rely on reliable LTE ● Poor economics & hard to scale ● Low barrier to entry: labor arbitrage, not deep tech Level 4: Serve Robots ● No human in the
Slide 12: We have diversified revenue
We have diversified revenue Robots generate more revenue than couriers, besides lowering costs. They can be monetized in more ways, such as through Out of Home (OOH) advertising. 12
Slide 13: Our robots reduce delivery emissions significantly
Our robots reduce delivery emissions significantly 19% 100% ICE Vehicle 45% Electric Vehicle Source: Journal of Sustainable Cities 500 Mt/year Global GHG Reduction Life Cycle Emissions: 13
Slide 14: We are veterans with proven B2B & on-demand success
We are veterans with proven B2B & on - demand success We are serial entrepreneurs, executives & operators from Uber and Postmates. ● VP Postmates. Founder: Neurio ( → NYSE:Generac), Lox (acq. Postmates), EIR @ Pear VC ● TED speaker. Ph.D. in Robotics & CV. 20+ patents Canada’s Alexander Graham Bell
Slide 15: We are the market leaders in robotic delivery
We are the market leaders in robotic delivery Proprietary and confidential. All rights reserved. 15 ● Autofiomy: Level 4 - capable fleet ● Hardware: Purpose - built for profitable last - mile ● Safety: Redundant sensing & A.I. ● GTM: Scaling w/ largest delivery platform ● Ecofiomics: Lower cost due
Slide 16: We believe we have a clear path to profitability
● 2,000 robots launched on Uber Eats has the potential to generate over $60m in ARR ● We expect to be in a position to manufacture and deploy all 2,000 robots by year end 2025 We believe we have a clear path to profitability 16
Slide 17: We have a playbook for capital-efficient fleet growth
We have a playbook for capital - efficient fleet growth We have a proven model to finance building large fleets without capex: 1) Upfront BOM costs paid by leasing partner. No assembly fees. 2) Robots revenue pays off leasing and assembly costs over time. 17 Asset Financing: Partnering with financia
Slide 18: Thank you!
Thank you!