John Krupnik Named Chief Product and Know-how Officer at Joyride Autos – Collision WeekAugust 18, 2022
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October 22, 2021 By
Joyride Autos, the net public sale platform and market for undervalued automobiles together with these impounded and deserted at automotive towing and restore services, introduced that it has introduced on John D. Krupnik as the corporate’s first chief product and expertise officer. Krupnik joins Joyride from Insurance coverage Auto Auctions (NYSE: IAA), the place he served as chief info officer for 14 years.
“We’re the primary mover in a market that traditionally has been neglected, and expertise innovation goes to be key to our continued success,” mentioned John Wicker, co-founder and CEO of Joyride. “Krupnik is an excellent technologist with a deep understanding of the issues we’re fixing for each sellers and consumers of the rising provide of undervalued automobiles—a class that has by no means earlier than had a devoted market.”
Krupnik will probably be chargeable for scaling Joyride’s expertise platform, which brings the cumbersome and costly strategy of operating auto auctions absolutely on-line, unlocking new worth for each consumers and sellers of unclaimed or aged automobiles. He’ll construct and lead the corporate’s product, engineering and analytics groups.
“I’ve spent my profession on the earth of auto auctions, and I’ve by no means seen a second that’s extra ripe for innovation,” mentioned Krupnik. “The accelerated shift to e-commerce, world provide chain scarcity for vehicles and their components, and elevated common age of automobiles on our roads have all contributed to Joyride’s exceptional early momentum. The chance to assist lead the Joyride crew and innovate on this underserved but quickly rising class was an apparent resolution for me.”
Since first launching in April 2020, Joyride has already offered 30,000 automobiles on its platform. The corporate has efficiently expanded to California, Texas, Indiana, and Nevada, and lately raised a $2 million seed spherical to speed up its entry into new markets.
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