Serve Robotics has successfully raised an additional $80 million through a direct offering of 4.2 million shares, following an earlier $86 million fundraising in December 2024. This latest funding is earmarked for working capital as the company aims to extend its operational runway until the end of 2026. The funds will also facilitate self-funded equipment investments, reducing reliance on financing costs. Serve Robotics, which went public via a reverse merger, is focused on scaling its sidewalk delivery robot operations. The closing of this funding round is expected shortly, pending conditions.