CYNGN Inc (CYN)

[US Market News]

Cyngn Triples Vehicles Ordered Year-Over-Year

January 27, 2026 12:05 PM
PR Newswire (US)

MOUNTAIN VIEW, Calif., Jan. 27, 2026 /PRNewswire/ -- Cyngn today announced that it has tripled the number of autonomous DriveMod Tuggers it sold in 2025 compared to 2024, reflecting accelerating customer adoption and expanded operational activity across enterprise sites.

Over the past several months, Cyngn teams across sales, engineering, customer success, and operations completed a concentrated burst of field execution to support this growth, including:

• Dozens of customer facility visits to assess workflows and validate deployment use cases
• Multiple on-site DriveMod Tugger demonstrations
• Back-to-back upgrades of DriveMod 10.8 and Enterprise Autonomy Suite 3.0 at active customer locations
• Fleet readiness work bringing up a new batch of vehicles to prepare for new rollout demand

The company expects additional deployments to begin in early 2026, including multi-vehicle implementations and fleet expansions at existing customer sites.

"Tripling the number of vehicles ordered year-over-year reflects real operational momentum," said Lior Tal, Chief Executive Officer of Cyngn. "Our teams are executing across demos, upgrades, and fleet preparation, and we are focused on scaling this progress into sustained commercial performance."

This update follows Cyngn's $32 million funding raise and expanded collaboration with NVIDIA to support next-generation autonomous vehicle development.

About Cyngn

Cyngn develops and deploys autonomous vehicle technology for industrial organizations like manufacturers and logistics companies. The Company addresses significant challenges facing industrial organizations today, such as labor shortages and costly safety incidents.

Cyngn's DriveMod technology empowers customers to seamlessly bring self-driving technology to their operations without high upfront costs or infrastructure installations. DriveMod is currently available on Motrec MT-160 Tuggers and BYD Forklifts.

The DriveMod Tugger hauls up to 12,000 lbs, travels inside and out, and targets a typical payback period of less than 2 years. The DriveMod Forklift lifts heavy loads that use non-standard pallets and is currently available to select customers.

Investor Contact:
Natalie Russell
CFO
[e-mail] 

Media Contact:
Luke Renner
Head of Marketing
[e-mail] 

Where to Find Cyngn:

• Website: https://cyngn.com
• X: https://x.com/cyngn
• LinkedIn: https://www.linkedin.com/company/cyngn
• YouTube: https://www.youtube.com/@cyngnhq

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in the Company's reports to the Securities and Exchange Commission (SEC), including, without limitation the risk factors discussed in the Company's annual report on Form 10-K/A filed with the SEC on November 14, 2025. Readers are cautioned that it is not possible to predict or identify all the risks, uncertainties and other factors that may affect future results. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. Cyngn undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.

 

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SOURCE Cyngn

Original: Cyngn Triples Vehicles Ordered Year-Over-Year