Cyngn Launches Dealer Portal to Facilitate the Scaled Expansion of Its Dealer Network

Rhea-AI Summary

Cyngn (Nasdaq: CYN) has launched a new Dealer Portal to support its expanding dealer network in selling autonomous vehicle solutions. The online resource hub provides dealers with comprehensive access to sales materials, pricing information, and co-marketing resources to streamline the sales process of DriveMod Tuggers. CEO Lior Tal emphasized that several Motrec dealers have begun selling their autonomous solutions across North and Central America, with the portal designed to accelerate technology adoption. The platform includes training materials and technical documentation to support dealers in pursuing industrial autonomy opportunities. This initiative builds on Cyngn's existing partnerships with key dealers in the industrial vehicle sector, aiming to expand their market reach and facilitate efficient implementation of autonomous solutions.

Positive

• Launch of comprehensive Dealer Portal streamlines sales process and support for dealers
• Existing partnership with Motrec dealers across North and Central America shows market penetration
• Portal provides training materials and technical documentation to enhance dealer capabilities
• Strategic expansion of dealer network indicates growing market presence

Negative

• None.

MENLO PARK, Calif., June 2, 2025 /PRNewswire/ -- Cyngn (the "Company" or "Cyngn") (Nasdaq: CYN) today announced the launch of the Cyngn Dealer Portal, an online resource hub created to support its growing dealer network. The portal provides easy access to a comprehensive suite of Cyngn assets, including sales materials, detailed pricing information, and co-marketing resources. This new tool will allow dealers to effectively present Cyngn's autonomous solutions to their customers, increasing efficiency and facilitating faster sales cycles.

"In the last several months, several Motrec dealers have begun to sell DriveMod Tuggers throughout North and Central America. With the Dealer Portal, we are making it easier than ever for dealers to access the information they need to confidently introduce our autonomous solutions to their customers. We see this as a key step in accelerating the adoption of our technology across various sectors," said Lior Tal, Cyngn's CEO.

Through the Dealer Portal, Cyngn continues to deliver on its core competency of using technology to introduce innovative, value-generating solutions to an established industry.  Partners can access information that will help them stay up-to-date with product offerings, pricing models, and marketing initiatives through a simple web portal. In addition to resources that simplify the sales process, the portal provides training materials and technical documentation to support dealers as they engage new customers and pursue opportunities in industrial autonomy.

The launch of the Dealer Portal builds on the momentum of Cyngn's Dealer Network, which includes partnerships with prominent dealers and service providers in the industrial vehicle sector. These partnerships are essential for expanding Cyngn's reach and enhancing the ability of companies in various industries to implement autonomous vehicle solutions efficiently.

Dealers who are not yet part of Cyngn's network are encouraged to explore the benefits of joining. For more information about joining Cyngn's Dealer Network and gaining access to the Dealer Portal, please visit: https://www.cyngn.com/company/dealer-network.

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 MT160 Tuggers and BYD Forklifts.

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. For all terms referenced within, please refer to the Company's annual report on Form 10-K with the SEC filed on March 6, 2025.

Investor Contact
investors@cyngn.com

Media Contact
Luke Renner | Head of Marketing
media@cyngn.com 

Find Cyngn on:

• Website: https://cyngn.com
• X: https://x.com/cyngn
• LinkedIn: https://www.linkedin.com/company/cyngn
• YouTube: https://www.youtube.com/@cyngnhq

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 6, 2025. 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.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/cyngn-launches-dealer-portal-to-facilitate-the-scaled-expansion-of-its-dealer-network-302467086.html

SOURCE Cyngn

FAQ

What is the purpose of Cyngn's new Dealer Portal?

Cyngn's Dealer Portal is an online resource hub that provides dealers with sales materials, pricing information, and co-marketing resources to help them effectively sell Cyngn's autonomous solutions to customers.

How does the CYN Dealer Portal benefit Cyngn's sales process?

The portal streamlines the sales cycle by providing dealers easy access to comprehensive sales materials, pricing information, training resources, and technical documentation for Cyngn's autonomous solutions.

Which regions are currently served by Cyngn's dealer network?

Cyngn's dealer network, including Motrec dealers, currently serves North and Central America.

How can dealers join Cyngn's dealer network?

Interested dealers can explore joining Cyngn's network by visiting https://www.cyngn.com/company/dealer-network.

What products are Cyngn dealers currently selling?

Cyngn dealers are currently selling DriveMod Tuggers, which are autonomous vehicle solutions for industrial applications.