Cyngn reports commercial growth as autonomous vehicle deployments expand

Cyngn Inc. (NASDAQ: CYN) reported increased bookings and expanded deployments across industrial operations as the company transitions from pilot programs to scaled autonomous vehicle implementations.

The Mountain View, California-based company tripled DriveMod Tugger bookings in 2025 compared to the previous year, according to a press release statement. Deployments expanded at customers including G&J Pepsi and Coats, moving beyond initial pilot phases into production environments.

Cyngn extended its reach into agriculture through a partnership with Chandler Automation, deploying four autonomous DriveMod Tuggers to Vann Family Orchards. The company also reported expansion activity among existing enterprise and Fortune 100 customers.

"By concentrating on repeatable workflows, Cyngn positions its autonomous vehicle deployments as scalable systems rather than one-off integrations," said CEO Lior Tal.

The company appointed Ran Makavy, a former Lyft and Facebook executive, to its board of directors in January. In March, Cyngn completed a $9.65 million registered direct offering, extending its financial runway to 2028.

Cyngn develops autonomous vehicle technology for industrial organizations including manufacturers and logistics companies. The DriveMod Tugger hauls up to 12,000 pounds and targets a payback period of less than two years, according to the company.

The company's DriveMod technology is available on Motrec MT-160 Tuggers and BYD Forklifts. Early single-route automations are evolving into multi-vehicle, multi-workflow systems across the company's installed base.

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