Investing.com -- Cyngn Inc (NASDAQ:CYN) stock surged 27% in premarket trading Tuesday after the company announced it has tripled sales of its autonomous DriveMod Tuggers in 2025 compared to 2024.
The autonomous vehicle technology company reported significant growth in customer adoption and expanded operational activity across enterprise sites. Cyngn’s recent field execution has included numerous customer facility visits, on-site demonstrations, software upgrades, and fleet preparation work to meet growing demand.
"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."
The company expects additional deployments to begin in early 2026, including multi-vehicle implementations and fleet expansions at existing customer locations. This sales growth follows Cyngn’s recent $32 million funding raise and expanded collaboration with NVIDIA to support next-generation autonomous vehicle development.
Cyngn’s DriveMod Tugger is designed to provide intelligent, real-time decision-making capabilities while integrating with warehouse management systems for seamless mission deployment in industrial settings.
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