Bidbus Startup Uses Bidding to Compete Dealerships for Used Car Inventory

The startup Bidbus creates a digital marketplace where multiple dealerships bid on used cars, aiming to achieve greater market efficiency and provide buyers with higher value. This model leverages market competition to increase the price for sellers, addressing inefficiencies in the used car trade.

Bidbus, which lets dealerships bid on used cars, has raised $15 million in a Series A round that was led by early-stage mobility fund Ibex Investors.

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