XRP News Today: Webus Plans $300 Million Financing for XRP Reserve and Global Expansion

Webus International Limited, a leading provider of AI-driven mobility solutions, has unveiled a strategic financing plan aimed at raising up to $300 million. This initiative is designed to establish an XRP reserve, which will support global payment solutions and enhance the company's cross-border payment capabilities. The financing strategy involves a diversified mix of non-equity funding vehicles, including available cash reserves, bank lending, shareholder guarantees, and third-party institutional-backed credit facilities from traditional banks. By leveraging these non-dilutive financing methods, Webus aims to maintain capital flexibility, support long-term growth, and preserve shareholder value while advancing its strategic objectives in the digital asset and cross-border payment space.

The financing plan is intended to support three key initiatives. First, it will enable the establishment of a strategic XRP reserve, facilitating instant and low-cost cross-border settlements. Second, it will drive the development of a comprehensive blockchain infrastructure, including wallets, Web3 loyalty tokens, and on-chain booking records. Third, it will accelerate global expansion initiatives, allowing Webus to extend its reach and enhance its service offerings worldwide.

In addition to the financing plan, Webus has renewed its nationwide mobility partnership with Tongcheng Travel Holdings Ltd. This multi-year strategic cooperation extends their successful "Wetour × Tongcheng" branded inter-city charter lines throughout the region. The partnership leverages Tongcheng's vast mobility data and extensive user base with Webus's premium vehicle network to deliver seamless first- and last-mile services domestically. This collaboration is expected to create a powerful synergy between Webus's domestic and international operations, strengthening its network infrastructure and enhancing its service offerings.

Nan Zheng, Chief Executive Officer of Webus, highlighted the potential of these strategic developments. He noted that the partnership with Tongcheng strengthens Webus's network infrastructure, while the integration of an XRP blockchain has the potential to revolutionize cross-border payments for both partners and travelers worldwide. Zheng emphasized that the technology roadmap now delivers end-to-end innovation, providing unmatched reach across the mobility landscape and eliminating traditional payment friction for instant settlement with chauffeurs and service providers worldwide.

The Financing Plan remains non-binding until definitive documentation is completed and specified conditions are satisfied. Webus International Limited is a recognized provider of AI-driven mobility solutions, specializing in premium, customizable chauffeur services for travelers worldwide. Through its innovative "Mobility-as-a-Service" (MaaS) model, Webus delivers exceptional personalized transportation experiences with its extensive fleet of luxury vehicles and professional chauffeurs. The company's flagship brand, “Wetour,” specializes in high-end customized travel services, offering airport transfers, intercity transportation, private guided tours, and luxury chartered services for both leisure and business travelers. Leveraging proprietary technology, Webus's platform integrates real-time AI support with 24/7 multilingual itinerary management, ensuring seamless mobility solutions across all international destinations it serves.