Serve Robotics acquired Vayu Robotics for $63.3 million to enhance its autonomous delivery capabilities. The acquisition included 1,696,069 Serve common shares upfront, with additional contingent shares based on milestones. Serve Robotics also acquired the assets of Phantom Auto, including its subsidiary Voysys AB, for approximately $5.75 million to improve teleoperation and ultra-low-latency video connectivity for its delivery fleet. In terms of customer growth, Serve Robotics expanded its service to over 320,000 households, marking a 110% increase since December 2024. Financially, Serve Robotics reported Q2 2025 revenue of $642,000, a 46% increase compared to Q1 2025, and a 37.1% year-over-year increase. The company also reported a 150% sequential increase in revenue for Q1 2025, reaching $440,000, driven by the deployment of over 250 new robots. However, Serve Robotics faced challenges with a Q2 EPS of -$0.36, which was worse than the consensus estimate of -$0.17, and a Q2 2025 loss of $0.24 per share, missing the Street estimate of a $0.21 loss per share. The company ended Q1 2025 with a cash position of $198 million after securing $91.5 million in new capital.