Bidbus inc

About Bidbus inc

Bidbus Inc. is an AI-native online marketplace that facilitates the sale of used cars from consumers directly to dealerships through a competitive auction process. Founded in 2022 by Ellson Chen (COO), Duke Yan, and Kraig Coomber (CFO), the Costa Mesa-based company aims to address inefficiencies in vehicle sourcing for dealers and simplify the selling process for car owners. The founders' background as auto dealers, brokers, and wholesalers provided them with insights into the market's pain points.

The platform allows consumers to list their vehicles for sale, receive a free quote, and enter a two-hour online auction where over 1,000 verified dealers can bid. This model creates competition, often resulting in higher prices for sellers compared to traditional trade-ins or offers from single buyers. An AI assistant guides sellers through the listing, and they can set a minimum reserve price, ensuring they are not obligated to sell if the bids are unsatisfactory. For dealerships, Bidbus provides direct access to a supply of high-quality, privately-owned vehicles, which are often better maintained and have lower mileage than typical auction inventory from rental fleets or repossessions.

Bidbus does not buy the cars itself but acts as a facilitator, connecting the seller with the winning dealership and managing the arrangements for transaction completion. The company's business model focuses on owning the entire workflow, from the pre-auction process to post-auction delivery, saving costs for dealers and maximizing returns for sellers. Currently serving California with plans for expansion into Arizona and Nevada, the company has seen significant traction. In July 2025, Bidbus announced it had raised $3.3 million in a seed funding round led by Mucker Capital to enhance its AI capabilities and expand into new markets.