Serve Robotics Expands Market Reach Through Acquisition
Serve Robotics (NASDAQ: SERV) has announced its acquisition of Diligent Robotics, a company specializing in AI-powered hospital delivery robots, which marks a significant expansion into the healthcare sector. The deal, revealed on January 21, facilitates Serve’s entry into indoor environments, complementing its existing fleet of over 2,000 sidewalk delivery robots already operating across various U.S. cities including Los Angeles, Atlanta, and Miami.
According to a report by MarketsAndMarkets, the global humanoid robot market is set to grow from $2.92 billion in 2025 to $15.26 billion by 2030, at a compound annual growth rate of 39.2%. Analysts note that the acquisition could substantially increase Serve’s addressable market, with Northland Capital Markets’ Michael Latimore projecting a price target of $26 per share, nearly double its current value.
