XRP News Today: Webus International Plans $300 Million Non-Equity Financing for XRP Reserve

Webus International, a Chinese AI-powered mobility firm, announced on May 29 its plan to raise up to $300 million through non-equity financing. The funds will be used to establish an XRP reserve, which will support the company’s global chauffeur services payments network. The strategy aims to preserve equity value while enabling instant cross-border settlements, on-chain booking records, and a Web3 loyalty program.

The proposed reserve is part of a broader initiative that includes the development of a proprietary blockchain infrastructure and the acceleration of overseas expansion. Webus International stated that it may utilize existing cash, commercial bank loans, shareholder guarantees, and institutional credit lines to assemble the reserve without issuing new shares. The company emphasized that non-equity instruments give it the flexibility to adjust the reserve size according to market conditions.

Webus International plans to couple the reserve with in-house wallets that process passenger fares and immediate driver refunds. This model aligns with the company’s vision of “borderless travel.” As part of the same announcement, Webus International renewed a multi-year partnership with Tongcheng Travel Holdings, one of the largest online travel agencies. The deal extends “Wetour x Tongcheng” inter-city charter lines, pairing Tongcheng’s 240 million annual paying users with Webus’s vehicle network.

CEO Nan Zheng highlighted that the domestic alliance supplies data and route density, while XRP-based payments would remove currency-conversion friction for international trips and driver payouts. Company executives described the financing plan as non-binding until definitive agreements are signed and due diligence hurdles are cleared.

Webus International’s disclosure came one day after VivoPower International, a clean-energy group, announced it had secured commitments for a $121 million private placement to build its own XRP treasury. VivoPower plans to allocate the proceeds to XRP accumulation, infrastructure for the XRP Ledger, and debt reduction. Although several public companies hold Bitcoin, treasuries denominated in XRP remain uncommon. Both Webus and VivoPower cited XRP’s low-fee settlement layer and integration with the XRP Ledger as motivation for their decisions.