Webus International Announces Strategic $300M Non-Equity Financing Plan To Establish XRP Reserve For Global Payment Solutions; Renews Nationwide Mobility Partnership With Tongcheng Travel

Benzinga·05/29/2025 13:23:36

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Webus International Limited ("Webus," the "Company," "we," "our," or "us") (NASDAQ:WETO), a recognized provider of AI-driven mobility solutions specializing in premium, customizable chauffeur services for travelers worldwide, today 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 US$300 million (the "Financing") 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 (the "Partnership") with Tongcheng Travel Holdings Ltd. (HKSE: 0780.HK), one of China's largest online travel platforms.

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