Webus announces $300M strategic financing plan for XRP Blockchain integration

Webus International (WETO) announced two complementary strategic developments that significantly advance its vision of a seamless, borderless travel ecosystem. The Company is exploring a financing strategy of up to $300M through a diversified mix of non-equity funding vehicles to establish an XRP reserve for supporting global payment solutions. This approach includes the potential use of available cash reserves, bank lending, shareholder guarantees, and third-party institutional-backed credit facilities from traditional banks. By leveraging these non-dilutive financing methods, the Company seeks to maintain capital flexibility, support long-term growth, and preserve shareholder value while advancing its strategic objective in the digital asset and cross-border paryment space. In addition, the Company renewed its nationwide mobility partnership with Tongcheng Travel Holdings. The Financing, which is currently under discussion, would provide support for three key Webus initiatives: Establishment of a strategic XRP reserve enabling instant, low-cost cross-border settlements Development of a comprehensive blockchain infrastructure including wallets, Web3 loyalty tokens, and on-chain booking records Acceleration of global expansion initiatives The renewed multi-year strategic cooperation with Tongcheng extends their successful “Wetour Tongcheng” branded inter-city charter lines throughout China. The partnership leverages Tongcheng’s vast mobility data and 240 million annual paying users with Webus’s premium vehicle network to deliver seamless first- and last-mile services domestically.