85.8 F
Laguna Hills
Monday, Sep 26, 2022
-Advertisement-

AutoGravity’s Co-Founder Departs as CEO

Andy Hinrichs in May departed as chief executive of AutoGravity, an award-winning fintech company he co-founded in 2016, the Business Journal has learned.

An AutoGravity spokeswoman didn’t immediately return messages to explain the departure and who is currently in charge. Hinrichs’ LinkedIn page said he was no longer chief executive as of May.

Hinrichs built AutoGravity into an app that connected 2 million users with car dealers and financial firms; it’s generated $2 billion in financing requests to date.

The company attracted a $50 million investment from Daimler AG and then added investments from VW Credit Inc.

AutoGravity, which had 110 employees in March, was aiming to expand to 200 by the end of the year.

The company’s performance impressed judges who honored it with an Excellence in Entrepreneurship Award at the Business Journal’s 17th annual event in March.

Automotive News last November named Hinrichs as a 2017 “All Star” in the finance and insurance category.

Peter J. Brennan
Peter J. Brennan
Peter J. Brennan has been a journalist for 40 years. He spent a decade in Latin America covering wars, narcotic traffickers, earthquakes, and business. His resume includes 15 years at Bloomberg News where his headlines and articles sometimes moved the market caps of companies he covered by hundreds of millions of dollars. His articles have been published worldwide, including the New York Times and the Washington Post; he's appeared on CNN, CBC, BBC, and Bloomberg TV. He was awarded a Kiplinger Fellowship at The Ohio State University.
-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-