Cyngn Triples Vehicles Ordered Year-Over-Year

Core Insights - Cyngn has tripled the sales of its autonomous DriveMod Tuggers in 2025 compared to 2024, indicating strong customer adoption and operational expansion [1][2] - The company anticipates further deployments in early 2026, including multi-vehicle implementations and fleet expansions at existing customer sites [2] - Cyngn's recent $32 million funding raise and collaboration with NVIDIA aim to enhance next-generation autonomous vehicle development [2] Company Overview - Cyngn specializes in developing and deploying autonomous vehicle technology for industrial sectors, addressing challenges such as labor shortages and safety incidents [3] - The DriveMod technology allows customers to integrate self-driving capabilities without significant upfront costs or extensive infrastructure [4] Product Details - The DriveMod Tugger can haul up to 12,000 lbs and typically achieves a payback period of less than 2 years [4] - DriveMod is compatible with Motrec MT-160 Tuggers and BYD Forklifts, enhancing operational efficiency for customers [4] Operational Activities - Cyngn has conducted numerous customer facility visits to assess workflows and validate deployment use cases [6] - The company has executed multiple on-site demonstrations of the DriveMod Tugger and completed upgrades of its technology at active customer locations [6]