Company: SERV
Filing Date: 2025-01-07
Form Type: 424B3
Source: 0001213900-25-001712
Chunk: 7

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-01-07
Form: 424B3
Chunk 7
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 Inline XBRL document) |

<div align='center'>6

SIGNATURES</div>

Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.

| Dated: January 6, 2025 | Serve Robotics Inc.     
 /s/ Brian Read          |
|:-----------------------|:------------------------|
|                        | Brian Read              |
|                        | Chief Financial Officer |

<div align='center'>7</div>

Exhibit 99.1

<div align='center'>Serve Robotics Secures $86 Million in New Financing in December, Solidifying Liquidity Position to Transform Last-Mile Delivery

New capital brings total raised in 2024 to $167 million</div>

SAN FRANCISCO (Jan. 6, 2025) — Serve Robotics Inc. (“Serve”
or the “Company”) (Nasdaq: SERV), a leading autonomous delivery company, today announced that it raised gross proceeds of
$86 million during December 2024, bringing total gross proceeds raised in 2024 to $167 million. Since its spinout from Uber in 2021, the
Company has secured approximately $220 million in total funding. The additional December 2024 funding includes proceeds raised through
Serve’s previously filed ATM facility and the exercise of warrants. As of December 31, 2024, Serve had a total of approximately
51.5 million shares of common stock issued and outstanding.

This infusion of capital significantly strengthens Serve’s financial
position, extending its expected operational runway approximately through the end of 2026. Serve is now able to self-fund equipment investments,
eliminating the near-term need for equipment financing and its associated servicing costs. By preserving balance sheet flexibility and
optimizing its cost of capital with efficient, lower cost funding solutions, the Company is well-positioned to support strategic initiatives
and invest in further advancing its technology leadership.

The successful fundraising in 2024 underscores Serve’s position
as a leader in transforming last-mile delivery, as the Company aims to ramp up production of its third-generation robots and prepares
to enter several new markets.

“This liquidity position reflects strong confidence in our vision
and market potential,” said Brian Read, Chief Financial Officer of Serve Robotics. “Looking ahead, we believe we are well-positioned
to continue to scale our operations and enter new markets in 2025 and beyond.”

About Serve