Serve Robotics Inc. · NASDAQ:SERV
Serve Robotics — Investor Presentation (May 2024)
20 slides from Serve Robotics's investor presentation, May 15, 2024
Slide 1: Robotic Last Mile Delivery May 2024
Robotic Last Mile Delivery May 2024
Slide 2: Disclaimer: Forward Looking Statements
Disclaimer FORWARD LOOKING STATEMENTS This Serve Robotics Inc. (the “Company”) investor presentation contains “forward - looking statements,” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Refo
Slide 3: Rapid progress in robotics and AI can help reduce our reliance on cars
Rapid progress in robotics and artificial intelligence (AI) can help reduce our reliance on cars ● U.S. drivers killed 20 pedestrians each day in 2021 1 ● Private cars & vans caused ~10% of global energy - related CO 2 emissions in 2022 2 ● Tailwinds accelerating robot adoption include: advances in
Slide 4: $450B by 2030: The untapped market for robotic & drone delivery
$450B by 2030: The untapped market for robotic & drone delivery 1 Delivery is in hyper - growth, but costs prevent profits: ● +200% — DoorDash revenue growth (2020 to 2023) ● +235% — DoorDash cost of revenue increase (2020 to 2023) AI - powered robots are on a mission to make last mile delivery prof
Slide 5: Veterans in AI, robotics, last mile
Veterans in AI, robotics, last mile ● VP at Postmates. Co - founder/CTO at Neurio (acq. Generac) ● Ph.D. in Robotics (UBC) ● 15 patents Ali Kashani , Ph.D. CEO ● Director at Postmates ● Staff engineer at Postmates ● Founding engineer at Postmates X Dmitr y Demeshchuk Software ● Director, Postmates.
Slide 6: Backed by industry leaders
Backed by industry leaders Largest strategic investor (>$12M to date). Technical partner since 2018. Investor ($11.5M to date). Largest shareholder & commercial partner. Early investor. German food delivery platform in EU & Asia. Early investor. First convenience store partner (13,000 stores in US/C
Slide 7: Recent Highlights
Recent Highlights $40 million new capital Uplisted to Nasdaq with concurrent $ 40 M equity offering, including participation from Uber (NYSE : UBER) subsidiary Postmates LLC . Capital supplements January investment from technology partner NVIDIA Magna partnership Signed agreement for licensing and m
Slide 8: Phase completed: market, restaurants
Phase 1 completed: 1 market, 300 restaurants 8 25% MoM growth 24 months of rapid increase in deliveries since early 2022 Up to 99.94% reliability delivery completion 10x better than drivers, with roughly 0.5 failed delivery per 1,000 Over 50,000 deliveries in L.A. 100 robots for deliveries & R&D Ser
Slide 9: Next phase: 2000 robots under contract with Uber Eats
Next phase: 2000 robots under contract with We have signed one of the largest contracts in the AV industry with Uber Eats. Full 2,000 - robot deployment is expected in 2025 . Our fleet is already integrated into Uber, helping grow to new markets more efficiently and achieve high levels of robot util
Slide 10: Delivery robots target a large market segment with clear path to scale
Autonomous Urban Robots Autonomous Vehicles Drones Range Safety Risk Regulations Commercialization Short Distance Low Permitted Launched Medium Distance High Restricted R&D Long Distance High Restricted R&D Delivery robots target a large market segment with clear path to scale Delivery is multi - mo
Slide 11: We know delivery
We know delivery With unique insights from inception inside a delivery platform, we believe we have: ● Unique AI - powered robots ● Unique fleet operations ● Unique go - to - market strategy All - terrain 7 mph top speed 13 gallons of cargo, holds up to 4 pizzas All day battery Touch - screen interf
Slide 12: Our AI-powered robots are on a mission to make urban delivery profitable
Our AI - powered robots are on a mission to make urban delivery profitable : High Autonomy Level 4 - capable fleet High Safety & Reliability Low rate of failure thanks to advanced hardware & software, and redundant sensing & AI Superior Economics Lower delivery cost due to underlying forces High Uti
Slide 13: We are among the first AV companies to bring Level 4 delivery robots to market
We are among the first AV companies to bring Level 4 delivery robots to market Level 2 & 3 — R.C. Robots ● Humans always in the loop to maintain safe operation ● Safety risk due to reliance on data networks and human drivers ● Poor economics, hard to scale, and low barrier to entry Level 4 — Serve R
Slide 14: Robots have more diverse revenue opportunities than couriers
Robots have more diverse revenue opportunities than couriers Out - of - home (“OOH”) ads have supplemented our delivery revenue. Monetizing unique robot capabilities such as ads & data, as well as licensing the underlying technology, make robots more profitable than couriers. 14
Slide 15: We have a playbook for capital-efficient growth
We have a playbook for capital - efficient growth We have a proven model to finance building large fleets without high capex: 1. Financial partner The financial partner, as lessor, provides upfront capital for robots 2. Contract manufacturer Magna Int’l (tier 1 auto supplier) is Serve’s exclusive co
Slide 16: The unbundling of cars
The unbundling of cars 16 1. 25m horses in the U.S. in 1920 ( USDA ) versus 283m vehicles in 2022 ( US FHWA ) After the invention of automobiles, the U.S. went from 25 million horses (1920s) to 283 million cars (2020s), or >11 vehicles replacing each horse, according to some reports 1 . We believe t
Slide 17: Serve as a platform
Serve as a platform Magna International has licensed our technology to accelerate development of its new robotic products As a leading urban robotic delivery company, we believe we are well - positioned to become a platform of choice for companies building new non - competing robots and services for
Slide 18: Robots could reduce global emissions by ~2% annually
2.5% Gas Vehicle 100% 20% Electric Vehicle Relative Energy Consumption Per Km 2 : With global adoption, we believe delivery robots could reduce CO2 emissions by approximately 762 Mt annually, while also providing more convenience to consumers. 18 Robots could reduce global emissions by ~2% Annually
Slide 19: Financial Update: Public Market Debut
Public Market Debut ● Completed uplisting to Nasdaq Capital Market , commenced trading under ticker “SERV” on April 18 ● Public equity offering generated $40.0 million in gross proceeds Q1 2024 Financial Results ● Q1 revenue: ○ $0.95 million , including $0.85 million of software service revenue deri
Slide 20: Thank you!
Thank you!