Uber spins off robot delivery operation Postmates as it eyes profitability
02 March 2021 - 19:52
San Francisco — Uber Technologies is spinning off Postmates’s delivery robot operation into a separate start-up, marking another chapter in the ride-hailing giant’s attempts to narrow its focus and become profitable.
Uber will co-lead what is likely to be a $50m investment in the new delivery start-up, Serve Robotics, which will bring food, groceries and other items to Uber customers without human intervention. Uber will be a minority shareholder in Serve Robotics, the companies said...
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