Alta Equipment Group joins Cyngn dealer network

Earlier this morning, the company announced: “Cyngn announced the expansion of its dealer network to include Alta Equipment Group. The purveyor of both construction and material handling equipment will begin selling Cyngn’s autonomous DriveMod Tugger. The DriveMod Tugger bundles Cyngn’s autonomous vehicle technology with Motrec’s MT-160. This announcement follows two significant milestones for Cyngn: the launch of the DriveMod Tugger and the Cyngn Dealer Network in the fall of 2023. Cyngn has continued to grow its Dealer Network, including the recent addition of RobotLab, a robotics company with over 10,000 robots deployed. Alta’s decision to join Cyngn’s Dealer Network came after a successful summit at Cyngn’s Menlo Park headquarters, where key decision-makers experienced the company’s autonomous mobile robots firsthand. Cyngn plans to continue expanding its Dealer Network by adding more distribution and integration partners in the future.” Shares of Cyngn closed up 85% in regular trading today at $7.33 per share.