Uber is in the process of splitting the autonomous delivery division of Postmates into a separate startup called Serve Robotics. The company inherited the unit when it acquired Postmates last year to $ 2.65 billion. According to Bloomberg, Uber will invest around $ 50 million in a Series A funding round that will make the company a minority part of Serve Robotics.
The startup will operate independently of its former parent. However, it will maintain a close relationship with the company through a partnership that will see its sidewalk robots deliver groceries and other essentials to Uber customers. In the immediate future, serve Told TechCrunch its intention to invest aggressively in R&D while working to establish new partnerships. “Over the next five years, delivery robots will become the first large-scale commercial self-driving application,” said Ali Kashani, CEO of Serve Robotics. Bloomberg.
The move comes as Uber tries to become profitable by the end of the year. In pursuing this goal, CEO Dara Khosrowshahi dismantled the company’s once-large empire. At the end of last year, Uber sold its two stand-alone unit and air taxi company. More recently, the company laid off 185 people at Postmates, or about 15% of the company’s workforce.