Cyngn Inc. (NASDAQ:CYN) shares are trading higher Tuesday after the company announced that it tripled the number of autonomous DriveMod Tuggers it sold in 2025 compared to 2024.
Cyngn Reports Year-Over-Year Vehicle Sales Growth
Cyngn said the year-over-year increase reflects accelerating customer adoption and expanded operational activity across enterprise sites.
The company attributed the growth to a concentrated period of field execution across its sales, engineering, customer success and operations teams. Cyngn said recent efforts included dozens of customer facility visits to assess workflows, multiple on-site DriveMod Tugger demonstrations and back-to-back upgrades of DriveMod 10.8 and its Enterprise Autonomy Suite 3.0 at active customer locations.
Cyngn also noted it completed fleet readiness work to bring a new batch of vehicles online in preparation for additional rollout demand.
The company said it 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 CEO Lior Tal. "Our teams are executing across demos, upgrades, and fleet preparation, and we are focused on scaling this progress into sustained commercial performance."
Cyngn said the update follows its $32 million funding raise and expanded collaboration with Nvidia to support next-generation autonomous vehicle development.
CYN Price Action: At the time of writing, Cyngn shares are trading 5.29% higher at $2.20, according to data from Benzinga Pro.
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