Serve Robotics Inc. (SERV) shares climbed Friday after the company announced it's bringing its sidewalk delivery robots to Fort Lauderdale, marking another step in its aggressive nationwide expansion.

Rolling Out Across South Florida

The Fort Lauderdale launch builds on Serve's existing Miami operations, strengthening the company's grip on South Florida's booming delivery market. Residents in Downtown and along Las Olas Boulevard can now get their restaurant orders delivered by Serve's AI-powered robots through the Uber Eats (UBER) platform.

This expansion is part of Serve's ambitious plan to deploy 2,000 delivery robots across the country by the end of this year, all in partnership with Uber Eats. The company has already rolled out its robots in Los Angeles, Chicago, Miami, Dallas-Fort Worth, and Atlanta, and the momentum shows no signs of slowing.

Dr. Ali Kashani, Co-Founder and CEO of Serve Robotics, said the move was a natural next step: "Building on our success in Miami, the expansion to Fort Lauderdale allows us to serve more communities, support more restaurant partners, and continue scaling our low-emissions delivery network across the region."

Aaron Emrich, Global Head of Autonomous Delivery at Uber Eats, highlighted why Fort Lauderdale made sense as a target market: "Fort Lauderdale's vibrant restaurant scene and tech-forward community make it an ideal market to deepen our collaboration and bring more innovative delivery options to customers."

Recent Financial Performance

The expansion news comes on the heels of a somewhat rocky third-quarter earnings report last month. Serve Robotics posted losses of 40 cents per share, missing analyst expectations of 33 cents. Revenue came in at $687,000, just shy of the Street estimate of $691,167.

Still, investors seemed focused on the growth story rather than the near-term numbers. SERV shares were up 2.95% at $13.38 at the time of publication Friday.