"XRP Reserve" - China's commuting company Webus receives Ripple Strategy "$100 million credit" to go all in on Ripple, WETO stock price jumps 87%.

Webus International Limited (WETO), a Chinese mobility solution provider, announced on July 1 that it has signed a conditional Securities Purchase Agreement with Ripple Strategy Holdings, allowing access to up to $100 million Senior Equity Line of Credit within 24 months. Webus stated that the company plans to use these funds to establish an XRP strategic reserve. (Background: Ripple's five-year lawsuit has finally ended! Accepting a $125 million fine confirmed that XRP is not a security, and the SEC will no longer appeal) (Additional Background: VivoPower and Flare initiate strategic cooperation to deploy $100 million XRP to enhance institutional revenue) Webus International Limited (WETO), a Chinese mobility solution provider listed on NASDAQ, announced on July 1 that it has signed a conditional Securities Purchase Agreement with Ripple Strategy Holdings, allowing access to up to $100 million Senior Equity Line of Credit within 24 months. Webus stated that the company plans to use these funds to establish an XRP strategic reserve. Details of the Agreement According to the official press release, Webus will withdraw funds in batches based on market conditions, with each withdrawal ranging between $250,000 and $3 million, and must complete an SEC registration statement and obtain written consent from the original underwriter before activation. The pricing will adopt a 'market-based with downside protection' scheme: when the stock price declines, the issuance price will be adjusted accordingly to reduce dilution risk. CEO Zheng Nan explained in the announcement: 'This equity line provides strong backing for our long-term XRP strategy and allows the company to accelerate expansion in North America and the Asia-Pacific.' Fund Direction: XRP Treasury and Three Major Plans According to public information, Webus has submitted a '300M XRP Treasury Plan' to the SEC on May 30, intending to raise $300 million through non-equity instruments to establish a Ripple treasury. The newly added $100 million equity credit will be used in three main areas: firstly, to expand the XRP Treasury and cross-border payment settlement; secondly, to establish a blockchain loyalty program, enhancing user engagement through tokenization of points; and thirdly, to promote the internationalization of Wetour's high-end vehicle and tourism services. Currently, the company has developed a reserve allocation plan with asset management company Samara Alpha and renewed cooperation with the Chinese online travel platform Tongcheng Travel. In the United States, it is jointly developing sightseeing routes with Utour LLC, hoping to combine AI scheduling systems with blockchain to reduce cross-border settlement costs. WETO's stock price surged Fueled by this news, Webus's stock price soared to $4 after the opening of the U.S. stock market on July 1, an increase of 87%, but subsequently gradually fell back, reporting at $2.54, with an increase of only 13.9%, and a market capitalization of approximately $56 million. Source: Google Finance China's Background: New Variables in Cross-Border Mobility Webus International Limited is a company headquartered in Hangzhou, China, founded in 2019, focusing on providing AI-driven mobility solutions, mainly high-end, customizable driver services. The company operates under its 'Mobility as a Service' (MaaS) model, offering services including commuter shuttles, customized rental cars and buses, and travel packages, serving enterprises, schools, industrial parks, as well as individuals and families, through online and offline channels. In May 2025, Webus announced an exploration of a non-equity financing plan of up to $300 million to establish XRP reserves to support global payment solutions, using non-dilutive financing methods such as cash reserves, bank loans, shareholder guarantees, and institutional credits, aiming to maintain capital flexibility and shareholder value. At the same time, the company plans to achieve instant, low-cost cross-border settlement through XRP and develop blockchain infrastructure (including Web3 loyalty tokens and on-chain booking records) to enhance payment efficiency and global expansion. Related Reports Ripple's 'XRPL EVM Sidechain' Mainnet officially launched, what features does it have for XRP gas fees? Dubai government launches real estate tokenization platform Prypco Mint: deployed on XRP Ledger, promising annual returns of 8-12% for on-chain home purchases Tether's cross-chain stablecoin USDT0 lands on Flare! $FLR surged 18%, is the XRP DeFi ecosystem favorable information fermenting? This article was first published in BlockTempo, 'The Most Influential Blockchain News Media'.