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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.

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
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