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Serve Robotics Acquires Phantom Auto’s Assets for $5.75M, Boosts Autonomous Robot Fleet with Low-Latency Tech
Yahoo Finance· 2025-09-22 15:19
Serve Robotics Inc. (NASDAQ:SERV) is one of the best small cap AI stocks to invest in according to hedge funds. On September 9, Serve Robotics announced the acquisition of the assets of Phantom Auto Inc. and its subsidiary, Voysys AB, for a cash consideration of ~$5.75 million. The acquisition was completed earlier in the year and enhances Serve’s technology stack for its quickly expanding fleet of autonomous delivery robots. Voysys AB is headquartered in Norrköping, Sweden, and was founded in 2014. It’s ...