Online auction platform hires former IAA executive as director of products and technology
Wednesday 20 October 2021, 14:37
Joyride Autos, which is an online auction platform that provides a marketplace for “dumped” cars, has hired a former IAA executive as its very first head of products and technology.
John Krupnik, who was chief information officer at the IAA for 14 years, was hired for this role.
“We are the trailblazers in a historically neglected market, and technological innovation will be key to our continued success,” Joyride co-founder and CEO John Wicker said in a press release.
“Krupnik is a brilliant technologist with a deep understanding of the issues we solve for sellers and buyers of the growing supply of dumped vehicles – a category that has never had a dedicated market,” Wicker said.
In the new role, Krupnik will lead the scale-up of the platform while developing and leading the product, engineering and analysis teams.
“I have spent my career in the world of auto auctions and have never seen a better time for innovation,” Krupnik said in a press release.
“The accelerated shift to e-commerce, the global shortage of the supply chain for cars and their parts, and the increasing average age of vehicles on our roads have all contributed to Joyride’s remarkable momentum,” did he declare. “The opportunity to help lead the Joyride team and innovate in this underserved but rapidly growing category was an obvious decision for me.”
The Joyride platform is designed to facilitate the sale and purchase of vintage and unclaimed vehicles through online auctions.
It was launched in April 2020 and has sold 30,000 vehicles through the platform. Joyride is available in California, Texas, Indiana, and Nevada. The company plans to use a recent $ 2 million seed funding round to expand into new markets.