Daimler invests in smartphone based app AutoGravity

Daimler stated on Tuesday it was investing into AutoGravity, a smartphone-based auto leasing and financing app as part of a more comprehensive push by the automaker to develop a digital platform for financial services.

Car purchases in the United States can use AutoGravity to discover customized buying and renting offers.

AutoGravity, established in October 2015 and based in Irvine, California, AutoGravity is noticed for transforming car financing. It features numerous vehicle brands and models, and makes it possible for numerous financial service providers and vehicle manufacturers the chance to provide automobile financing and leasing through smartphone.