Bidbus raises $15M Series A to reverse-auction used cars to dealers

Los Angeles startup Bidbus closed a $15 million Series A led by Ibex Investors, backed by Mucker Capital, FJ Labs, Motley Fool Ventures, and others. The platform lets private sellers list vehicles once and accept competing bids from franchised dealerships—inverting the typical trade-in model. Major dealers Lithia Motors and Penske Automotive are already customers, using Bidbus as a supplementary sourcing channel alongside existing acquisition infrastructure.