Cyngn appoints former Lyft executive Ran Makavy to board

Cyngn Inc. (NASDAQ: CYN) announced the appointment of Ran Makavy to its board of directors. Makavy previously held senior positions at Lyft Inc., where he led growth initiatives and managed the core platform through the company's 2019 initial public offering.

At Lyft, Makavy built the growth team responsible for driver and rider acquisition and retention, managing performance marketing teams and market operations. Following Lyft's public offering, he oversaw sales and partnership teams, along with the healthcare division that provided services to healthcare providers.

Before joining Lyft, Makavy founded Snaptu, which Facebook Inc. acquired in 2011. At Facebook, he led growth initiatives in emerging markets, focusing on user expansion and product localization across high-growth regions.

"Ran has scaled growth and platform teams at global technology companies and knows how to convert product strength into adoption," said Lior Tal, CEO of Cyngn. "As we expand deployments and increase utilization, his perspective and operating rigor will be mission-critical for Cyngn."

Makavy replaces Colleen Cunningham, who departed at the end of last year. He also serves as an early-stage investor and has backed more than 60 startups.

Cyngn develops autonomous vehicle technology for industrial organizations, including manufacturers and logistics companies. The company's DriveMod technology is currently available on Motrec MT-160 Tuggers and BYD Forklifts, targeting applications in facilities that require material handling and transportation.

The appointment comes as Cyngn expands commercial deployments of its autonomous vehicle solutions in industrial settings.

You May Also Be Interested In

• Standard Nuclear names former DOE nuclear policy chief to its board
• Daré Bioscience prices $6M direct offering at $1.37 per share
• Air T reports revenue jump but widens operating loss in Q1 fiscal 2027