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Nvidia and Uber hold over 20% of Serve Robotics, a rapidly growing company valued at $500 million, which has developed autonomous delivery robots. Despite generating only $221,555 in revenue in Q3, Serve's robots have made over 50,000 deliveries with high reliability, aiming to deploy 2,000 new units by 2025. However, the company faces significant financial challenges, posting an $8 million net loss in the quarter and having only $50.9 million in liquid assets.
Magna International Inc., a Canadian mobility technology company, is a global automotive supplier with expertise in vehicle development and contract manufacturing. Its product offerings span body exteriors, chassis, seating systems, and advanced driver assistance systems, supported by a network of 343 production facilities and 105 development centers across 28 countries.
Magna International Inc. is a Canadian mobility technology company and a global automotive supplier, specializing in vehicle development and contract manufacturing. With expertise in body, chassis, seating, powertrain, and advanced driver assistance systems, the company operates around 343 production facilities and 105 development centers across 28 countries. Its diverse product offerings include battery housings, chassis systems, and complete vehicle technology.
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