Exhibit 99.1 Serve Robotics Serve Robotics Announces Second Quarter 2024 Results • Manufacturing activities commenced on 2,000-robot fleet deployment following entry into manufacturing agreement with Magna and amendment to lidar supply agreement with Ouster • Cash position bolstered by proceeds of $40 million equity of ering, as well as post-quarter $15 million private placement transaction SAN FRANCISCO, August 13, 2024 — Serve Robotics Inc. (the "Company" or "Serve") (Nasdaq: SERV), a leading autonomous s ...