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Uber Spins Off Robotic Delivery Unit, Takes Stake in New Startup

  • This is the latest effort by Uber to reach profitability
  • The former Postmates unit will be called Serve Robotics
Bloomberg business news
Watch: Ali Kashani, CEO of Serve Robotics, discusses how robot food delivery works and when we can expect to see it being used universally. (Source: Bloomberg)
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Uber Technologies Inc. is spinning out Postmates’ delivery robot operation into a separate startup, marking another chapter in the ride-hailing giant’s attempts to narrow its focus and become profitable.

Uber will co-lead what’s likely to be a $50 million investment in the new delivery startup, Serve Robotics, which will bring food, groceries and other items to Uber customers without human intervention. Uber will be a minority shareholder in Serve Robotics, the companies told Bloomberg.