Company: SERV
Filing Date: 2025-01-07
Form Type: 424B3
Source: 0001213900-25-001716
Chunk: 8

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-01-07
Form: 424B3
Chunk 8
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 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 Robotics

Serve Robotics develops advanced, AI-powered, low-emissions sidewalk
delivery robots that endeavor to make delivery sustainable and economical. Spun off from Uber in 2021 as an independent company, Serve
has completed tens of thousands of deliveries for enterprise partners such as Uber Eats and 7-Eleven. Serve has scalable multi-year contracts,
including a signed agreement to deploy up to 2,000 delivery robots on the Uber Eats platform across multiple U.S. markets.

For further information about Serve Robotics (Nasdaq:SERV), please
visit www.serverobotics.com or follow us on social media via X (Twitter), Instagram, or LinkedIn @serverobotics.

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Forward Looking Statements

This press release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Serve intends such forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in Section 21E of the Exchange Act. These forward-looking statements can be about
future events, including statements regarding Serve’s intentions, objectives, plans, expectations, assumptions and beliefs about future
events, including Serve’s expectations with respect to the financial and operating performance of its business, its capital position,
and future growth. The words “anticipate”, “believe”, “expect”, “project”, “predict”,
“will”, “forecast”, “estimate”, “likely”, “intend”, “outlook”, “should”,
“could”, “may”, “target”, “plan” and other similar expressions can generally be used to identify
forward-looking