Ouster and Serve Robotics Sign Multi-Year Strategic Agreement to Support Expansion of Autonomous Delivery Fleets

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.

“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”

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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.”

About Serve Robotics

Serve Robotics is shaping the future of sustainable, self-driving delivery.
The company designs, develops and operates zero-emission robots that serve
people in public spaces, starting with food delivery. Founded in 2017 as the
robotics division of Postmates, Serve set out to build a robotic delivery
experience that delights customers, improves reliability for merchants and
reduces vehicle emissions to zero. Five years later, the company’s
self-driving robots have successfully completed tens of thousands of
contactless deliveries in Los Angeles and San Francisco. Spun off as an
independent company in February 2021, Serve is backed by Uber, 7-Eleven and
Delivery Hero’s corporate venture units and other world-class investors.
Serve has several established commercial partnerships and continues to
expand its partners platform. Find out more at www.serverobotics.com, follow
us on social media via Twitter and Instagram, or apply to join our team on
LinkedIn.

About Ouster

Ouster (NYSE: OUST) is building a safer and more sustainable future through
its high-resolution digital lidar sensors for the automotive, industrial,
smart infrastructure, and robotics industries. Ouster’s sensors offer an
excellent combination of price and performance with the flexibility to span
hundreds of use-cases and enable revolutionary autonomy across industries.
With a global team and high-volume manufacturing, Ouster supports
approximately 600 customers in over 50 countries. Ouster is headquartered in
San Francisco, CA with offices in the Americas, Europe, Asia-Pacific, and
the Middle East. For more information, visit www.ouster.com, or connect with
us on Twitter or LinkedIn.