- Uber has attained postmates for $2.65 billion.
- It is the black and yellow Serve labor robot developed by Postmates X.
- In 2017, Postmates acquired Kashani’s startup, Lox Inc.
- Postmates will serve the robotics in Uber inc.
Postmates X is the robotics division of the on-demand delivery startup. Uber acquired it last year for $2.65 billion. It is seeking investors in its bid to become a separate company, according to people familiar with the plans. The startup is being referred to as Serve Robotics. It’s a nod to the yellow and black-emblazoned autonomous sidewalk delivery bot that was developed by Postmates X. The Serve robot recently partnered with Pink Dot Stores for deliveries in West Hollywood. It will likely be the centerpiece of the new startup.
Ali heads up Postmates X and leads the Serve program. Anthony Armenta would lead the startup’s software efforts and Aaron Leiba would be in charge of hardware. He’s keeping the same positions he holds at Postmates X. Uber would retain an ownership stake in Serve Robotics and maintain a commercial agreement with the startup. Serve would get the IP and assets in exchange. Uber is in discussions to retain about a 25% stake in the new startup, according to one source familiar with the deal.
Uber has acquired postmates
The company has agreed to acquire the food delivery start-up Postmates for $2.65 billion as it aims to expand its presence in on-demand food delivery while its core ride-hailing business struggles. The companies announced the all-stock deal on Monday morning. Uber will combine Postmates with its food delivery subsidiary, Uber Eats, which has been growing during the coronavirus pandemic. Postmates will continue to operate under its name. All the more important during crises like the one we face today. The two teams will bring ever-better products and services for merchants, delivery people, and consumers across the country
Postmates To Serve Robotics in Uber
Uber plans to spin the company’s robotics division out into a separate company: Serve Robotics. The new company’s name is a nod to the black and yellow Serve delivery robot developed by Postmates X, the startup’s original robotics division. The robot, designed to patrol neighborhood sidewalks bearing gifts of burritos and fries, will likely remain a key element of the newly-formed company.
The spinoff would be in line with Uber’s streamlined business strategy that began to take shape after its public market debut in May 2019 and accelerated last year as the COVID-19 pandemic put pressure on the ride-hailing company. Two years ago, Uber had enterprises across the transportation landscape, from ride-hailing and micromobility to logistics, public transit, food delivery,y and futuristic bets like autonomous vehicles and air taxis.
