Thank you joining call. earnings inaugural all you, thank Serve's for and Aduke,
You we earnings topics. cover earlier release may will X In this already have read today. our call, from
are the like I briefly First, you our to to introduce to of those who would new story. company
scale our share near-term fleet I'll Second, robots. plans our X,XXX to to
vision. would spend long-term questions. Third, Brian our your spend and I QX the like bit fleet finally, time remaining our the results outlining to financial will end, upcoming answering a discuss the And impact of we time growth. our of At little will
why in with using X to Serve cars? Postmates started advanced deliver first XXXX. of last-mile Uber question, sharing spinning pan My help by and Robotics. to projects in this a an transportation vision answer in I burritos out before town as founded this company start X quick of effort history the independent autonomous into XXXX Serve Let's a robots division revolutionize was of co-founders
automation half where a X.X are the and food with are delivery delivery, [ well than trips We of robots. robotics. This delivery expect all and traffic and delight experience reliability suited last-mile depth us delivery, provide customers, approximately to for serve well eliminate of a for in experience and positions food growing ] reduce team Our miles less merchants, even comes improve including that to continue vehicle pedestrians congestion for robotics safety will market, improve cyclists. and emissions we cyber
lower that local affordable robots all which At mile scale, expect annually, by X% by cost to XXX estimate greenhouse megatons last we emissions global accessible, complete at gas which economies. represents car couriers, and We reducing trips, our over boost of emissions could turn more robots making lower delivery deliveries than approximately. in can
in maybe them Los on TV, Mulaney's Beverly the friendly on seen Hills latest Cop Angeles, John special Netflix probably robots like you've already you've live you delivering seen If or in sidewalks our Everybody's on or movie. L.A.
double digits of And has Our the current delivery operation consistently volume XXX we've months. month-over-month since tens in XX Angeles, for Los been increasing fleet by over serving and delivered of thousands to households we've restaurants. XXXX, throughout our past been
main sources. revenue generates X business Our from
is revenue anyone. the operate We don't We sell delivering First Delivery-as-a-Service. fleet of our them This we make is for robots. packages. to
function is out-of-home fortunate we revenue X what ads paid and scale size, are supply. These our stream second global Our streams have and partners more enterprise demand revenue is This of than on placing robots. to advertising. a our we for available fleet have get as
of size. software, is which is third independent revenue stream our Our fleet
quarter, is This our from International. income by with revenue nonrecurring represented software contracts Magna services
food goes of our broader our plan master is revenue last-mile beyond software vision Our to delivery. part that a nod and
down into other the platform will cost then we begins delivery. bring expand of robotics but delivery, categories food our plan food for Our with beyond we as commercializing last-mile
And finally, need about broader our to use environments. with coexist and our vision presentation. navigate our new I'll that we complex technology power any of to will humans speak at robots core end this the
final NVIDIA, born is strengths, to is Magna, and differentiation. QX engineering experience robots X-Eleven; robust for differentiated of access like such before finally, and history We competitive an possible Also, few partners approach The customers was years our use fleet, X believe our and key compared deployed and unique and to insights Serve Hero a data-driven a and proprietary to relationships Tier discussing by this Uber, today. had Level our our data Angeles, inside what operating on first-of-a-kind commercially in the Los collecting go-to-market, X topic autonomous and were made city touch autonomous includes because they of with as industry our forming which experience restaurants only Delivery we data. strategic to valuable superior from
way, With the dive the QX. the company let's into of intro out highlights of
onto the in milestone providing NASDAQ million capital began growth. $XX As us Serve of symbol and after offering Market source our public with This you in important successful may the new for an journey, know, Capital uplisting was completed April, in we trading and under raising important ticker a financing, SERV. an
hours ready out per robots hours the metrics, to measures of also daily and while field daily our average perform supply active quarter that daily deliveries, Daily robots active across in to supply day our operational the record number QX continued the a deliveries. robots our We've extend average measures growth track hours. robots had in of number strong primary performing of and are
a important deployments. are our in gauge efficiency progress These metrics larger fleet they as high-level of indicate and of provide operating advance
to robots active daily compared daily prior increase QX supply to XX% and quarter last XX% Together, a QX increasing XXXX. During These compared QX, we year. a produced led and to represents XXX% the increase increase quarter-over-quarter hours, year. and last compared quarter by delivery by XX QX the a revenues our XXX XX% same XXX% to and over this branding XX% quarter-over-quarter robots. That increase had
quarter-over-quarter same period positive corresponding the operation to This improvement this year. was stacks. driven to holding gross margin throughout our gross flat and autonomy, last accomplished improvements and revenues software margin while over impact We compared cost by XX% of our observed
average speed we've lowered steadily rate improving of to navigation challenging route capabilities reduced of connectivity human made in example, deployment planning, autonomous increased in For our also more intervention. We've improved improvements robots continued of operations. And environments, robots. resulting cost the we've and daily
As operations, improve up X,XXX we scale robots. our fleet we the continue to to path to pave our
Uber X,XXX to go allows city robot to. is may having an which we existing agreement have in Eats, As to expansion we rapidly each us with scale you access by know, demand the delivery under
the designed our robots scale our be business We've partners key with The Uber ability extremely like model. of through minimal one to strengths to require interact to simple training. is of and
message. So to Uber we merchants a simple with through able are e-mail onboard new
headline share deployment We'll we we on that expansion like to and like in annually. over what expect million run operations. process would X look have expect this, phases: the coming but scaled once months. in design, I to is to fleet detail generate proceeding fair $XX the message X,XXX go on The manufacturing, is to $XX million scale-up this the into here plan, robots we execute revenue rate
we design starts have with enables continuously Let's phase. growth improve The that robot our performance of ensuring us software design, effective unit begin and reliable foundation economics. operational to hardware and high the performance and with
on as or robots now unique have had Since delivery. operational our engineering the month. ground iterations robots. up completed really as the as in X,XXX based from third-generation And well the EVT, our validation and of on XXXX, we've test insights that phase be used data share designed The are entered our we to successive I'm we to units that and last-mile we proprietary certification validation phase last of scale hardware have will design process. testing fleet to the of excited
But improvements a the the proud for of areas introduction very the our the we've are share of to fleet. X with to We'll now, of I'll highlight Gen improvement. about have made few We third-generation more robots robots.
made significant drive newest in AI would that to we've sensor introduced compute. This autonomy improvements. power onboard Xx models continuous First, our our our a increase suite and upgrades
day. These pack robots Second, we drivetrain the not our the charge, travel hardware more as upgrades all single single costs battery more least, of to cutting a while have in in roughly and more accomplished on fast, last more far and twice new a were the move enable twice every battery break and design hours as spend XX% but capacity. with quickly X new improvements above XX% field And half.
that So per at robots, for half to range, sum of cost power more hours more up, compute AI, upgraded more Xx the sensors, all more and robot. operating battery, more faster
This manufacturing. brings to phase, the us second
for now manufacturing. are scaled the preparing third-generation We robots
have may the largest be our we you of International, contracted April one manufacturer. have announcement, our to vehicle manufacturers contract Magna contract in As seen
next-generation robots, throughout of multistep year. our assembled began chain the steps that initial of our calendar also will have the and full We manufacturing process supply rest the continue a
of expect XXXX. roll first production off QX to end the the We robot by line the
deployment. to me the leads This phase, third
Our within cities. footprint expansion plan well Los into both involves geographic our core new expansion Angeles as expansion as in operating
in As area onboarding you local Eats. expanded and Uber in Town with have may L.A. partnership we Korea throughout seen our into began June, merchants delivery our
We expansion entering end XXXX Angeles additional by of by the robots QX Los rolling of geographical intend the in at by to one end major and continue new this QX. out market metro XXX least
San remains end as consideration some Vancouver, by and new And goal markets Diego, the deployment previously disclosed, include Our of XXXX. X,XXX Canada. under robots Dallas
is the fourth the is process phase in improving and operational and completed, This deployments efficiency initial have of over we new operation. final a scaled Once time. geography performance
better years years our We've for robotic our local expensive this scale of planning to that and the is labor. economies resource, of improve tools robots and capacity. by are learned spent much allocation our X over there focusing significant and operational algorithms that our past driven most Over processes developing delivery time, and advanced we've designing task X on efficiency of in
to autonomy to making deployment per of of increase placement operational cost by progress and operations, in volumes software record translated which a decreases consistent consistent also plan, of on led improvements ] our revenue delivery. in robots, [ a efficiency Our have into dollar has delivery track steady our
itself important year. at beginning be investment Naturally, than financial will XXXX XXXX. utilization, be and each will can and we of impact, require since much costs to in for this our production manufacturing robot revenues full found our in front-loaded expected less have Ultimately, plan will rollout that pay X
million to we run the we annual million fleet complete the Once rate. $XX in generate just revenue new to $XX discussed, of X robots we phases expect
With financials. to rollout that, over me Brian to further discuss and the let turn it our
