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The High Cost of Delaying Industrial Automation

Download our complimentary whitepaper and learn why an autonomous vehicle operates at just one-fourth the cost of relying on human labor.

Cyngn |


The global industrial automation market is projected to grow to $395.09 billion by 2029 and early adopters are already gaining a competitive edge. As a result, failing to adopt this technology at such a crucial juncture can prove costly for your business.

Specifically, we have found that investing in an autonomous DriveMod Tugger costs one-fourth as much as delaying your investment in automation. In this white paper, we explore that by doing nothing, your organization will face high, hidden costs related to labor, productivity, and safety. Download here. 

About Cyngn

Cyngn develops and deploys autonomous vehicle technology for industrial organizations like manufacturers and logistics companies. The Company addresses significant challenges facing industrial organizations today, such as labor shortages and costly safety incidents.

Cyngn's DriveMod technology empowers customers to seamlessly bring self-driving technology to their operations without high upfront costs or infrastructure installations. DriveMod is currently available on Motrec MT-160 Tuggers.

The DriveMod Tugger hauls up to 12,000 lbs, travels inside and out, and targets a typical payback period of less than 2 years. The DriveMod Forklift lifts heavy loads that use non-standard pallets and is currently available to select customers. 

Investor Contact

Natalie Russell, CFO

Media Contact

Luke Renner, Head of Marketing

Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in the Company's reports to the Securities and Exchange Commission (SEC), including, without limitation the risk factors discussed in the Company's annual report on Form 10-K filed with the SEC on March 26, 2026. Readers are cautioned that it is not possible to predict or identify all the risks, uncertainties and other factors that may affect future results. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. Cyngn undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.

Press Release Disclosure

This blog post is provided for informational purposes only and is being cross-posted as a courtesy. It may not reflect the complete or official version of the press release. 

In the event of any discrepancy between the content presented on this page and the version available on the Investor Relations website, the version published on the Investor Relations website shall control.

Official press releases are available at https://investors.cyngn.com/press-releases.

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