Webus International Limited Secures $100 Million Credit Line with Ripple Strategy Holdings
US-listed Webus International Limited has announced a senior equity credit line agreement with Ripple Strategy Holdings for up to $100 million. According to the press release, this financing is part of Webus’ strategy to increase its XRP reserves.
Webus operates as an AI-powered mobility solutions provider, offering customizable luxury chauffeur services globally. CEO Nan Zheng stated that the credit line reflects Webus’ confidence in its XRP-based growth strategy. He added, “This $100 million facility minimizes shareholder dilution by allowing us to raise capital only when we need it, as we aim to accelerate our growth in North America and Asia Pacific.”
The agreement allows the company to draw funds in tranches ranging from $250,000 to $3 million, depending on market conditions and capital needs, and is valid for 24 months. The structure is designed to be shareholder-friendly, offering market-based competitive pricing and downside protection features.
The funds will be used for XRP-supported payments, blockchain-based loyalty programs, and various global expansion initiatives.
Following the announcement, Webus shares initially rose as much as 87% but have since tapered off some of those gains.
This is not investment advice.
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