Cyngn Expands AV Tech With New Deal at Fortune 500 Auto Supplier for DriveMod Tugger Deployment

Benzinga·03/11/2025 11:05:01

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Cyngn Inc. (NASDAQ:CYN) today announced that it will be deploying its DriveMod Tugger at a global Fortune 500 automotive supplier. This milestone highlights Cyngn's growing proven ability to meet the unique demands of the automotive manufacturing industry and deliver innovative autonomous vehicle (AV) solutions. The automotive supplier company—whose name is withheld for confidentiality—intends to integrate DriveMod Tuggers to automate the transfer of finished goods.

Cyngn's solutions continue to provide value within the sector, with this announcement building on the company's prior commercial contract with a separate, major manufacturer in the automotive service equipment space and a letter of intent that was signed in Q4. Additionally, Cyngn signed a recent contract to deploy DriveMod Tuggers with a major consumer packaged goods (CPG) company in January.

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