Serve
Growth Stage
Meet Serve, the future of delivery
Overview
Raised: $0
Total Commitments ($USD)
Platform
Dealmaker Securities
Start Date
01/23/2023
Close Date
05/13/2023
Min. Goal
$200,000
Max. Goal
$4,878,049
Min. Investment
$1,000
Security Type
SAFE
Series
Series B
SEC Filing Type
RegCF
Valuation Cap
$350,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
05/30/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2021
Industry
Logistics, Delivery, & Supply Chain
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
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
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-21,665,518 |
$0 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
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: 01/23/2023
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