Cyngn Inc. (NASDAQ: CYN) is an industrial-grade autonomous vehicle technology leader. The Mountain View, California-based company creates and implements autonomous driving software solutions for industrial and commercial companies. In contrast to consumer autonomous vehicle companies, Cyngn tackles the utilitarian concerns of industrial businesses, such as labor shortages, expensive safety accidents, and the requirement for operational efficiency.
The company floated on the stock market on October 20, 2021, but its performance on the stock has been beset by great challenges until today, when there is an upsurge. Cyngn’s market cap has varied wildly, hitting a high of $127,350 per share in October of last year before falling sharply. As of June 26, 2025, after announcing the alliance with Nvidia, the company’s market cap stood at around $51.24 million.
The DriveMod technology platform
The core of Cyngn’s business model is its own DriveMod technology that transforms regular industrial vehicles into autonomous vehicles. DriveMod can be retrofitted on existing industrial vehicles as well as installed on brand new vehicles directly from the assembly line, offering customers an economical way to automate without having to spend considerable capital.
DriveMod Platform utilizes robust, heavy-duty trucks from dealerships like Motrec, BYD, and Columbia. The lead applications include the DriveMod Tugger, with a payload capacity of up to 12,000 pounds and a less-than-two-year payback period, and the DriveMod Forklift for heavy-duty loads and non-standard pallets. The technology enables trucks to travel indoors and outdoors, providing organizations with versatile automation solutions for material handling and transportation.
Enterprise autonomy suite
Cyngn’s overall solution goes beyond the central DriveMod system with its Enterprise Autonomy Suite, which consists of three significant components:
- DriveMod is the base autonomous driving solution, offering the AI-driven technology for vehicles to drive autonomously in complex industrial settings. This system uses high-performance computer vision, AI, and NVIDIA accelerated computing to offer autonomous capabilities on a range of vehicle platforms.
- Cyngn Insight is the operator-facing fleet management system, providing monitoring, management, and analysis of autonomous vehicle activity. It enables operators to remotely deploy and monitor fleet performance, providing real-time insight into operational efficiency and vehicle utilization.
- Cyngn Evolve is the in-house development suite of the company that utilizes field data to iteratively optimize artificial intelligence models by simulation and high-end analytics. Cyngn uses this part of the package to optimize its technology based on real-world deployment experience.
The Nvidia collaboration that spurred the rally
The sudden dramatic increase in the stock started on June 26, 2025, when Cyngn announced that it was joining forces with NVIDIA at the Automatica 2025 robotics and automation event. The tie-up places Cyngn on a selective list of robotics creators using the Isaac platform of NVIDIA to drive industrial automation solutions.
Automatica 2025, to be hosted in Munich, Germany, June 24-27, 2025, is Europe’s leading congress on robotics and automation. The event provides a worldwide platform to exchange novel ideas in intelligent automation as well as robotics and thus Cyngn has a significant event to present its technology strength.
The partnership specifically denotes Cyngn’s implementation of its DriveMod software within NVIDIA’s Isaac environment to enable high-fidelity, large-scale virtual testing of complex autonomous maneuvers. Through the partnership, Cyngn is able to take advantage of NVIDIA’s three-computer robotics development platform to train, simulate, and deploy autonomous vehicles more effectively.
Stock performance and market reaction
The response of the market towards the Nvidia partnership was nothing short of miraculous. Cyngn stock saw a stunning jump, going from about $5.01 to more than $29.25 in a single day of trading, up by more than 483%. Pre-market trading alone set the stock up more than 100%, from $5.01 to $11.67, before the start of the actual trading day.
This giant rally followed record-breaking volume, with more than 44 million shares exchanging on June 26, 2025 – greater than the stock’s total trading volume all of 2025. The rise was among the largest one-day stock rises on Wall Street in 2025.
The catalyst for this dramatic movement was NVIDIA’s mention of Cyngn in a developer blog post, which marked the first-ever reference to Cyngn on NVIDIA’s official website. This subtle endorsement from NVIDIA CEO Jensen Huang’s team was interpreted by investors as significant validation of Cyngn’s technology and market position.
