US-Listed Webus International Limited has announced that it has signed a senior equity credit line agreement with Ripple Strategy Holdings for up to $100 million. Funding will be used as part of Webus’ strategy to increase XRP reserves, according to a press release.
Webus operates as an AI-powered mobility solution provider that offers customizable luxury driver services globally. The credit line reflects Webus’ confidence in its XRP-based growth strategy, CEO Nan Zheng said. “The $100 million facility aims to accelerate growth in North America and the Asia-Pacific region, so we will minimize shareholder dilution by allowing us to raise capital only when needed,” Zheng said.
Under the agreement, the company can use the funds in tranches ranging from $250,000 to $3 million, depending on market conditions and capital needs, under a credit line that is valid for 24 months. This structure is designed to be shareholder-friendly with its competitive market-based pricing and downside protection.
It has been announced that the funds acquired will be used for XRP-supported payments, blockchain-based loyalty programs, and other global expansion initiatives.
Following the announcement, Webus stocks rose 87%, but have since cut some of those profits.
*This is not investment advice.
