Investment caseThe only small-cap pure-play robotics name in US equities — a sidewalk-delivery robot operator once backed by Nvidia.
Size / market cap$372M (2026-08-08).
Scarcity / moatFirst mover in L4 sidewalk delivery, tied to Uber Eats.
CompetitionCoco and Starship Technologies (private).
RiskWatched, not held. It operates robots rather than supplying the bottleneck part: it earns delivery fees, without the operating leverage of selling shovels. Quarterly revenue was $3.24M (up 404% year over year and still below expectations) and 2026 guidance has been cut sharply. It fails both the bottleneck test and the operating-leverage test.
Research framework, not investment advice. Specific levels, stops and sizing are Pro content.