Vebu
Assembly Line
Serve Robotics to Acquire Autocado Robot Maker Vebu, Expanding Automation Offering
Serve Robotics Inc. (Nasdaq: SERV), a leading autonomous robotic delivery company, announced its agreement to acquire the assets of Vebu Inc., a trailblazer in full-stack automation and robotics solutions for restaurant partners. Financial terms of the all-stock transaction were not disclosed and the transaction is subject to customary closing conditions.
Vebu’s signature robotic product is the Autocado, the pioneering avocado-processing robot which eliminates the need for restaurant workers to cut, core and scoop avocados to prepare guacamole. The Autocado allows employees to load up to 25 pounds of avocados into the device and walk away to focus on serving customers and preparing other items. It is in pilot testing in Chipotle’s Huntington Beach, Calif. restaurant.