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
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
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$12.42 /month
billed annually - Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings (excluding risk)
- Advanced company search ( with ratings)
- Markets page filters and historical industry data
- Get Edge Annual
Edge
-
$41.58 /month
billed annually - Full site access including KingsCrowd's qualitative analyst reports.
- Plan Includes:
- Everything in Edge, plus
- Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
- Search and filter based on Analyst Reports
- In-depth risk ratings for every raise
- Get Edge Pro Annual
Edge Pro
Already a member? Log in here.