Serve Robotics acquired Vayu Robotics for 63.3 million USD to enhance its autonomous delivery capabilities. The company also acquired the assets of Phantom Auto, including its subsidiary Voysys AB, for approximately $5.75 million, which will continue to operate as a standalone provider. Serve Robotics expanded its service to over 320,000 households, marking a 110% increase since December 2024. In terms of revenue, Serve Robotics reported a record $1.8 million in revenue during 2024, a 773% increase compared to 2023. The company generated $642,000 in revenue for Q2 2025, reflecting a 46% sequential increase and an increase from the consensus estimate of $624,800. Additionally, Serve Robotics reported a 150% sequential increase in revenue for Q1 2025, reaching $440,000, driven by the deployment of over 250 new robots. However, the company reported a Q2 EPS of -$0.36, which was worse than the consensus estimate of -$0.17, indicating a larger loss per share than expected. Despite these challenges, Serve Robotics secured a seven-year revenue-sharing agreement with Uber Eats and raised $25 million in a convertible note backed by Nvidia Ventures, strengthening its financial position.