U.S.-Listed Webus to Raise Up to ¥43 Billion for XRP Reserve Fund

On the 29th, Webus International (NASDAQ: WETO), a provider of AI-driven mobility solutions, announced its strategy to raise up to $300 million (over ¥43 billion) for the establishment of an XRP reserve fund. The company is considering a diverse combination of non-dilutive financing methods, including cash reserves, bank loans, shareholder guarantees, and credit lines backed by third-party institutions. Following this announcement, Webus's stock price surged by 68.88% from the previous day. The raised funds are intended to support three main initiatives: the establishment of the XRP reserve fund, the development of blockchain infrastructure including wallets and Web3 loyalty tokens, and the acceleration of global expansion efforts.