Serve

Growth Stage

Meet Serve, the future of delivery

Overview

Platform

Dealmaker Securities

Start Date

01/24/2023

Close Date

04/30/2023

Min. Goal

$200,000

Max. Goal

$4,878,049

Min. Investment

$1,000

Security Type

SAFE

Series

Seed

Funding Type

RegCF

Valuation Cap

$350,000,000

Discount Rate

0%

Location

Redwood City, California

Industry

Logistics, Delivery, & Supply Chain

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

Serve is raising funds on Dealmaker Securities. The company has developed an autonomous robot to make deliveries automated, sustainable, and economical. Currently, the all-electric robot delivers orders for Uber Eats and 7-Eleven in Los Angeles and is looking to expand its geographical reach by launching in more cities in 2023. Serve is powered by advanced sensors with 50 liters of cargo space, an intuitive touch-screen, remote teleoperation, and emergency braking. Ali Kashani, Touraj Parang, Dmitry Demeshcuk, and MJ Chun founded Serve in January 2021. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $4.8 million. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-21,665,518

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$7,965,861

$0

Accounts Receivable

$0

$0

Total Assets

$8,656,709

$0

Short-Term Debt

$336,314

$0

Long-Term Debt

$0

$0

Total Liabilities

$336,314

$0

Financials as of: 01/24/2023
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Serve on Dealmaker Securities 2023
$
Platform: Dealmaker Securities
Security Type: SAFE
Valuation: $350,000,000

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