After first indicating in January it planned to spin off Postmates X, the robotics division of on-demand food delivery firm Postmates, Uber Technologies (NYSE: UBER) has made it official, according to published reports.
Bloomberg first reported that Uber would co-lead a $50 million investment in the new company, Serve Robotics, which will be based in San Francisco. Venture firm Neo will also be involved, the publication reported.
Serve Robotics is part of Postmates, which Uber acquired last year...
https://www.freightwaves.com/news/uber-spinning-off-robotic-delivery-division