Cyngn (NASDAQ:CYN) shares popped more than 480% on Thursday after it announced a collaboration with Nvidia Corp (NASDAQ:NVDA, ETR:NVD) as part of the Automatica 2025 robotics and automation showcase.
The robotics technology firm was selected to integrate Nvidia's Isaac robotics platform to power its next-generation autonomous vehicle solutions for industrial applications such as manufacturing, logistics, and defense.
"This collaboration with Nvidia helps reinforce our mission to build cutting-edge autonomous vehicles that deliver real-world ROI to industrial operators," Cyngn CEO Lior Tal said in a statement.
Cyngn’s autonomous industrial vehicles, including the DriveMod Tugger and DriveMod Forklift, are already operational in commercial environments.
These vehicles use Cyngn’s proprietary DriveMod software integrated with Nvidia Isaac technology to reduce labor costs, increase throughput, and enhance safety in industrial settings.
Shares of Cyngn wer eup 484.8% at $29 at midday on Thursday.