Ouster to supply thousands of digital lidar sensors to Serve Robotics through 2025 to enable the safe and efficient navigation of sidewalk delivery robots
Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading provider of high-resolution digital lidar sensors, announced today that it has signed a strategic customer agreement with autonomous sidewalk delivery company, Serve Robotics. The agreement includes a binding commitment for OS digital lidar sensors through 2023, along with a non-binding forecast for additional sensors through 2025 as Serve Robotics scales its delivery fleets across U.S. cities and beyond.
Serve Robotics plans to outfit each of its next-generation delivery robots with an Ouster OS1 sensor. The digital lidar is fused into the robot’s autonomy stack to locate its precise position and simultaneously generate a real-time 3D map of its surrounding environment so that it can navigate more safely and efficiently on city sidewalks alongside pedestrians and other road users.
“Ouster’s lidar has been instrumental in helping us achieve major technical and commercial milestones. We have been working with Ouster for well over a year and continue to be impressed by the ongoing performance improvements, quality, and reliability of its digital technology,” said Serve Robotics’ VP of Hardware Engineering, Euan Abraham. “We feel confident that Ouster is the right company to scale with us as we move into this next phase of market expansion with Level 41 autonomy delivering for several new commercial partners.”
Serve Robotics recently achieved a major milestone with the commercial launch of Level 4 self-driving robots. Its fleet of next-generation robots will power the company’s expansion into additional geographies as it rolls out delivery service for Uber Eats and other partners in 2022. Last mile delivery is the most expensive part of the delivery chain, often representing more than 50% of the overall cost. The proliferation of autonomous delivery represents a significant opportunity to capture an estimated $1.8 billion total addressable market (TAM) for lidar in the robotics industry by 20252.
“Serve Robotics is one of our longest standing customers and one of the first to commercially deploy AV technology in a real-world environment alongside pedestrians and vehicles,” said Ouster’s President of Field Operations, Nate Dickerman. “We are thrilled to further solidify our relationship with a multi-year strategic customer agreement as Serve scales the production and deployment of its sidewalk delivery robots.”
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