Bidbus raises $15M Series A to let dealers compete for used car purchases

Bidbus, a startup that enables car dealerships to bid against each other for used vehicles, has secured $15 million in a Series A funding round. The round was led by Ibex Investors, an early-stage mobility-focused venture fund. The platform gives used car sellers leverage by creating a competitive bidding environment among dealerships. The fresh capital is expected to support Bidbus in scaling its dealer network and marketplace operations.