Cyngn executes a pre-order agreement with Arauco

Cyngn announced a paid pre-order Agreement with Arauco, a global company of sustainable forestry products, pulp, and engineered wood that is a supplier to the furniture and construction industries. The initial 100 autonomous electric DriveMod-enabled forklifts aim to enhance Arauco’s operations and drive efficiency in their material handling processes in the near future. This Pre-Order Agreement marks a significant milestone in Cyngn’s DriveMod Forklift initiative that was first announced in June and exemplifies the two companies’ collaborative efforts to power AI innovations. Deliveries to Arauco are targeted to begin in 2024.