Shares of Cyngn Inc (NASDAQ:CYN) climbed sharply in premarket trading on Tuesday after the autonomous vehicle software specialist disclosed a threefold increase in sales of its DriveMod Tuggers for 2025 versus 2024. The stock advanced about 27% as the market reacted to the firm's announcement of stronger commercial uptake.
Cyngn described stepped-up customer engagement and broader operational activity across enterprise locations. Company field teams have been carrying out numerous facility visits, conducting on-site demonstrations, deploying software upgrades and preparing fleets to satisfy heightened demand for its autonomous tuggers.
In a statement accompanying the update, Chief Executive Officer Lior Tal commented on the magnitude of the year-over-year change, saying:
"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 indicated that additional rollouts are slated to start in early 2026 and that these will include implementations involving multiple vehicles as well as fleet expansions at existing customer sites. Cyngn framed this sales acceleration in the context of recent corporate developments: a $32 million capital raise and an expanded collaboration with NVIDIA intended to aid next-generation autonomous vehicle work.
Cyngn’s DriveMod Tugger is engineered to make intelligent, real-time operational decisions while interfacing with warehouse management systems to enable mission deployment within industrial environments. The firm emphasized that hands-on activity at customer facilities has been a major component of its commercial progress.
Investors in Cyngn reacted to the sales disclosure and the company’s near-term deployment outlook, lifting the stock sharply in premarket trading. Management reiterated a focus on converting the increased orders and field work into lasting commercial results as additional deployments are scheduled to begin in early 2026.