tl;dr
Webus International plans to raise up to $300 million through non-equity financing to create an XRP reserve supporting its global chauffeur payments network. The Chinese AI mobility firm aims to use existing cash, loans, and credit lines without issuing new shares to enable instant cross-border sett...
Webus International aims to raise $300 million through non-equity financing to establish an XRP reserve supporting its global chauffeur payments network.
The Chinese AI mobility company plans to utilize existing cash, loans, and credit lines without issuing new shares to enable instant cross-border settlements, on-chain booking, and a Web3 loyalty program.
This XRP reserve initiative aligns with Webus's broader strategy of proprietary blockchain infrastructure development and overseas expansion, reinforced by a renewed multi-year partnership with China's Tongcheng Travel Holdings.
Webus will integrate the XRP reserve with in-house wallets managing passenger fares and immediate driver refunds, promoting the vision of “borderless travel.”
The financing plan remains non-binding pending definitive agreements and due diligence, aiming to eliminate currency-conversion friction for international trips and driver payouts.
Simultaneously, VivoPower International has committed $121 million via a private placement to build its own XRP treasury—marking a rare corporate move towards XRP reserves.
VivoPower plans to allocate proceeds for XRP accumulation, XRP Ledger infrastructure, and debt reduction, joining Webus in leveraging XRP’s low-fee settlement capabilities and ledger integration.