SAN FRANCISCO, June 24, 2026 (GLOBE NEWSWIRE) --
Serve Robotics Inc.
(Nasdaq: SERV), a leading autonomous robotics company, today announced the appointment of Andreas Lieber to the company’s Board of Directors, effective June 22, 2026. Mr. Lieber will replace Sarfraz Maredia, Global Head of Autonomous Mobility & Delivery at Uber, who is stepping down after serving three years on Serve's Board.
Andreas Lieber brings deep experience scaling technology and logistics businesses across Uber, Postmates, Pinterest, Groupon, Yahoo, and T-Mobile. At Postmates, he served as General Manager and interim CEO, leading the company through its integration with Uber, the period during which Serve was spun out as an independent company. He later served as Chief Operating Officer of Shippo, the logistics and shipping platform, and currently serves as General Manager, Industry & Technology, at California Forever, where he is responsible for building and leading the company's manufacturing and industrial business across one of the country's largest planned development projects.
"Serve started on sidewalks delivering food, and we're now operating robots in hospitals and kitchens as well as beginning to build the infrastructure for other robotics companies to run on. That's a different company than the one we started, and the board is growing with it," said Ali Kashani, co-founder and CEO of Serve Robotics. "Andreas has built and scaled exactly this kind of platform, at Postmates and Shippo in logistics, at Uber and Pinterest, and now city-scale infrastructure at California Forever. That's the perspective we need as we grow."
"Sarfraz Maredia joined us when sidewalk delivery was still considered niche. He helped us build the discipline and focus that made our evolution possible, and played an important role in helping Serve become a public company. We’re grateful for that foundation,” added Kashani.
"It has been a privilege to serve on Serve’s Board over the past three years. Watching this team grow a small footprint in sidewalk robots into a robotics infrastructure company has been exciting to see,” said Sarfraz Maredia. “Given his background at Postmates and Uber, I am confident Andreas Lieber is the right person for where Serve is headed, and I look forward to watching what comes next."
About Serve Robotics
Serve Robotics (Nasdaq: SERV) designs and operates autonomous robots that navigate complex, human-centric environments. Since spinning off from Uber in 2021, Serve has deployed more than 2,000 robots across the U.S., reaching a population of approximately 3 million and supporting delivery for more than 4,000 restaurants. In 2026, Serve acquired Diligent Robotics, expanding its operations beyond sidewalk delivery into indoor service robots used in hospitals. Serve designs both the hardware and software behind its robots, enabling them to work safely in public and private environments at scale.
For more information, visit
www.serverobotics.com
or follow the company on X, Instagram, and LinkedIn @serverobotics.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Serve intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Exchange Act. These forward-looking statements can be about future events, including statements regarding Serve's intentions, objectives, plans, expectations, assumptions and beliefs about future events, including Serve's expectations with respect to the financial and operating performance of its business, its capital position, and future growth. The words "anticipate", "believe", "expect", "project", "predict", "will", "forecast", "estimate", "likely", "intend", "outlook", "should", "could", "may", "target", "plan" and other similar expressions can generally be used to identify forward-looking statements. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward-looking statements. Any forward-looking statements in this press release are based on management's current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. Risks that contribute to the uncertain nature of the forward-looking statements include those risks and uncertainties set forth in Serve's Annual Report on Form 10-K for the year ended December 31, 2025, filed with the United States Securities and Exchange Commission (the "SEC") and in its subsequent filings filed with the SEC. All forward-looking statements contained in this press release speak only as of the date on which they were made. Serve undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.
Contacts
Media
press@serverobotics.com
Investor Relations
investor.relations@serverobotics.com
View the Zacks #1 Rank List
Serve Robotics Appoints Andreas Lieber to Board of Directors
Serve Robotics appointed Andreas Lieber to its Board of Directors, replacing Sarfraz Maredia, effective June 22, 2026.
Quiver AI Summary
Serve Robotics Inc. announced the appointment of Andreas Lieber to its Board of Directors, effective June 22, 2026, replacing Sarfraz Maredia, who is stepping down after three years. Lieber has extensive experience in technology and logistics, previously holding roles at major companies such as Uber, Postmates, and California Forever. His expertise is expected to support Serve's growth as it evolves from its origins in sidewalk delivery to providing infrastructure for robotics across various sectors. Co-founder and CEO Ali Kashani expressed gratitude for Maredia's contributions and confidence in Lieber's ability to guide Serve in its future endeavors. Since its spin-off from Uber in 2021, Serve has deployed over 2,000 robots for various delivery services and expanded operations into indoor service robots.
Potential Positives
Potential Negatives
FAQ
Who is the new board member at Serve Robotics?
Andreas Lieber has been appointed to the Board of Directors of Serve Robotics, replacing Sarfraz Maredia.
What experience does Andreas Lieber bring to Serve Robotics?
Mr. Lieber has extensive experience in scaling technology and logistics businesses, including roles at Uber and Postmates.
Why did Sarfraz Maredia step down from the board?
Sarfraz Maredia stepped down after three years to focus on other opportunities, having contributed to Serve's evolution and public listing.
What significant acquisition did Serve Robotics make in 2026?
In 2026, Serve Robotics acquired Diligent Robotics, expanding its focus from sidewalk delivery to indoor service robots.
How many robots has Serve deployed since its spin-off?
Since spinning off from Uber, Serve Robotics has deployed over 2,000 robots across the U.S., serving roughly 4,000 restaurants.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SERV Insider Trading Activity
$SERV insiders have traded $SERV stock on the open market 33 times in the past 6 months. Of those trades, 0 have been purchases and 33 have been sales.
Here’s a breakdown of recent trading of $SERV stock by insiders over the last 6 months:
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$SERV Revenue
$SERV had revenues of $3M in Q1 2026. This is an increase of 577.47% from the same period in the prior year.
You can track SERV financials on Quiver Quantitative's SERV stock page.
You can access data on SERV stock through the Quiver Quantitative API.
$SERV Hedge Fund Activity
We have seen 122 institutional investors add shares of $SERV stock to their portfolio, and 88 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$SERV Analyst Ratings
Wall Street analysts have issued reports on $SERV in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
To track analyst ratings and price targets for $SERV, check out Quiver Quantitative's $SERV forecast page.
$SERV Price Targets
Multiple analysts have issued price targets for $SERV recently. We have seen 6 analysts offer price targets for $SERV in the last 6 months, with a median target of $16.3.
Here are some recent targets:
Full Release
SAN FRANCISCO, June 24, 2026 (GLOBE NEWSWIRE) -- Serve Robotics Inc. (Nasdaq: SERV), a leading autonomous robotics company, today announced the appointment of Andreas Lieber to the company’s Board of Directors, effective June 22, 2026. Mr. Lieber will replace Sarfraz Maredia, Global Head of Autonomous Mobility & Delivery at Uber, who is stepping down after serving three years on Serve's Board.
Andreas Lieber brings deep experience scaling technology and logistics businesses across Uber, Postmates, Pinterest, Groupon, Yahoo, and T-Mobile. At Postmates, he served as General Manager and interim CEO, leading the company through its integration with Uber, the period during which Serve was spun out as an independent company. He later served as Chief Operating Officer of Shippo, the logistics and shipping platform, and currently serves as General Manager, Industry & Technology, at California Forever, where he is responsible for building and leading the company's manufacturing and industrial business across one of the country's largest planned development projects.
"Serve started on sidewalks delivering food, and we're now operating robots in hospitals and kitchens as well as beginning to build the infrastructure for other robotics companies to run on. That's a different company than the one we started, and the board is growing with it," said Ali Kashani, co-founder and CEO of Serve Robotics. "Andreas has built and scaled exactly this kind of platform, at Postmates and Shippo in logistics, at Uber and Pinterest, and now city-scale infrastructure at California Forever. That's the perspective we need as we grow."
"Sarfraz Maredia joined us when sidewalk delivery was still considered niche. He helped us build the discipline and focus that made our evolution possible, and played an important role in helping Serve become a public company. We’re grateful for that foundation,” added Kashani.
"It has been a privilege to serve on Serve’s Board over the past three years. Watching this team grow a small footprint in sidewalk robots into a robotics infrastructure company has been exciting to see,” said Sarfraz Maredia. “Given his background at Postmates and Uber, I am confident Andreas Lieber is the right person for where Serve is headed, and I look forward to watching what comes next."
About Serve Robotics
Serve Robotics (Nasdaq: SERV) designs and operates autonomous robots that navigate complex, human-centric environments. Since spinning off from Uber in 2021, Serve has deployed more than 2,000 robots across the U.S., reaching a population of approximately 3 million and supporting delivery for more than 4,000 restaurants. In 2026, Serve acquired Diligent Robotics, expanding its operations beyond sidewalk delivery into indoor service robots used in hospitals. Serve designs both the hardware and software behind its robots, enabling them to work safely in public and private environments at scale.
For more information, visit www.serverobotics.com or follow the company on X, Instagram, and LinkedIn @serverobotics.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Serve intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Exchange Act. These forward-looking statements can be about future events, including statements regarding Serve's intentions, objectives, plans, expectations, assumptions and beliefs about future events, including Serve's expectations with respect to the financial and operating performance of its business, its capital position, and future growth. The words "anticipate", "believe", "expect", "project", "predict", "will", "forecast", "estimate", "likely", "intend", "outlook", "should", "could", "may", "target", "plan" and other similar expressions can generally be used to identify forward-looking statements. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward-looking statements. Any forward-looking statements in this press release are based on management's current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. Risks that contribute to the uncertain nature of the forward-looking statements include those risks and uncertainties set forth in Serve's Annual Report on Form 10-K for the year ended December 31, 2025, filed with the United States Securities and Exchange Commission (the "SEC") and in its subsequent filings filed with the SEC. All forward-looking statements contained in this press release speak only as of the date on which they were made. Serve undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.
Contacts
Media
press@serverobotics.com
Investor Relations
investor.relations@serverobotics.com
Read full article here »