Shulou(Shulou.com)11/24 Report--

IT House, June 7 (Xinhua)-- recently, a robotic pizza delivery company called Zume has announced its closure, Bloomberg reported. It is reported that the company raised 5 billion dollars, but has been stumbling for years, was acquired in 2020 to focus on sustainable packaging, but ultimately failed to get out of the predicament.

According to Martin Martin Pichinson, co-founder of bankruptcy consultancy Sherwood Partners, Zume is insolvent and has hired Sherwood Partners to liquidate its assets to protect creditors. Foreign media The Imformation reported that Zume stopped operation at the end of last month.

Before the ▲ source ZUME website, Zume wanted to build a van with a kitchen, use robots to cook pizza in the van, and deliver the pizza quickly. The idea is generally welcomed by the outside world.

After inquiry, CTOnews.com learned that Softbank Corp. invested 375 million US dollars in Zume, and then WeWork and other companies also invested. But Zume has been wrestling with "how to prevent melted cheese from dripping from baked pancakes as the truck moves", spending a lot of money. "they should not waste most of their investment here, just to make sure the food is a little fresher when it reaches the door of the customer," the company said. "

By 2020, the company had laid off more than half of its employees and was acquired by compostable packaging company Pivot Packaging. Alex Garden, then chief executive of Zume, simply blamed the layoffs on "the epidemic and the failure of the company's cash flow transactions".

According to the analysis of foreign media The Information, the biggest reason for Zume's failure is that "although Zume's pizza takeout can be more fresh, the robot pizza is not delicious, and it is more expensive."

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