Exhibit 99.1 Serve Robotics Serve Robotics Announces Third Quarter 2024 Results • Announced plans for geographic expansion into the Dallas Fort Worth metro • Completed $32.3 million in capital raise transactions; Cash balance of $50.9 million as of third quarter end • Announced agreement to acquire Vebu and its pioneering avocado-processing robot, Autocado SAN FRANCISCO, November 7, 2024 — Serve Robotics Inc. (the "Company" or "Serve") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today an ...