Webus International Secures up to $100 Million Equity Line with Ripple Strategy Holdings on

Rhea-AI Summary

Webus International (NASDAQ: WETO), a leading AI-driven mobility solutions provider, has secured a conditional Securities Purchase Agreement with Ripple Strategy Holdings for a senior equity line of credit up to $100 million.

The 24-month facility will be available at Webus's discretion, with individual drawdowns ranging from $250,000 to $3 million per tranche. The funding is designed to support the company's XRP treasury strategy, including crypto-enabled payments and blockchain-based loyalty programs. The agreement's completion is subject to SEC registration statement effectiveness and existing underwriter consent.

CEO Nan Zheng emphasized that the facility demonstrates confidence in their long-term XRP strategy while providing flexible capital access with minimal shareholder dilution. The funding aims to accelerate growth across North America and Asia-Pacific markets.

Positive

• Secured up to $100 million in flexible equity financing
• Drawdown flexibility ranging from $250,000 to $3 million per tranche over 24 months
• Structure designed to minimize shareholder dilution
• Strategic funding to support crypto-enabled payments and blockchain initiatives

Negative

• Agreement is conditional upon SEC registration statement effectiveness
• Requires existing underwriter consent before closing
• Potential dilution risk from equity-based financing

Insights

Financial Analyst

Webus secured $100M equity line to fund XRP treasury strategy, providing flexible capital with minimal dilution, subject to SEC registration.

Webus International has secured a $100 million conditional equity line of credit with Ripple Strategy Holdings, providing significant financial flexibility over the next 24 months. This funding structure allows the company to access capital in tranches ranging from $250,000 to $3 million, depending on market conditions and specific needs. The structure appears strategically designed to minimize shareholder dilution while ensuring capital availability for growth initiatives.

The capital will primarily fund Webus's XRP treasury strategy, which includes developing crypto-enabled payments and blockchain-based loyalty programs. This suggests the company is making a substantial commitment to blockchain technology integration across its premium chauffeur service operations. The conditional nature of this agreement is important to note - the deal remains subject to SEC registration effectiveness and consent from Webus's existing underwriter.

For investors, this financing arrangement represents a vote of confidence in Webus's business model and growth trajectory. The company gains access to substantial capital without immediately diluting shareholder value, while the flexible drawdown structure allows management to time capital raises strategically. The market-based pricing with "downside protection" mentioned in the release suggests mechanisms are in place to protect both the company and the investor during market volatility.

This capital infusion could accelerate Webus's competitive positioning in the emerging intersection between premium mobility services and cryptocurrency applications, potentially creating first-mover advantages in crypto-powered mobility solutions across its target markets in North America and Asia-Pacific.

Funding to accelerate XRP Treasury Strategy Growth

HANGZHOU, China, July 01, 2025 (GLOBE NEWSWIRE) -- Webus International Limited (“Webus” or the “Company”) (NASDAQ: WETO), a leading provider of AI-driven mobility solutions specializing in premium, customizable chauffeur services worldwide, today announced that it has signed a conditional Securities Purchase Agreement with Ripple Strategy Holdings for a senior equity line of credit of up to US$100 million.

Subject to the effectiveness of a registration statement with SEC, and the receipt of consent from the Company’s existing underwriter, the $100 million commitment will be available at the Company’s discretion over a 24-month period, with drawdowns ranging from $250,000 to $3 million per tranche, depending on market conditions and capital needs. The structure is designed to be shareholder-friendly, featuring competitive, market-based pricing with downside protection.

The proceeds are expected to support the growth of Webus’s XRP treasury strategy, including crypto-enabled payments, blockchain-based loyalty programs, and other initiatives tied to its global expansion.

“This $100 million facility reflects strong confidence in our long-term XRP strategy,” said Nan Zheng, Chief Executive Officer of Webus. “It provides us flexibility to raise capital strategically, only when needed, while minimizing shareholder dilution. We believe this will help us accelerate the growth across North America and Asia-Pacific, and strengthen our leadership in crypto-powered premium mobility.”

The closing of the Securities Purchase Agreement remains subject to customary conditions, including the effectiveness of a resale registration statement filed with the SEC and the receipt of written consent from Company’s lead underwriter.

About Webus International Limited
Webus International Limited is a recognized provider of AI-driven mobility solutions specializing in premium, customizable chauffeur services for travelers worldwide. Through our innovative "Mobility-as-a-Service" (MaaS) model, we deliver exceptional personalized transportation experiences with our extensive fleet of luxury vehicles and professional chauffeurs.

Our flagship brand “Wetour” specializes in high-end customized travel services, offering airport transfers, intercity transportation, private guided tours, and luxury-chartered services for both leisure and business travelers.

Webus is also exploring innovative treasury strategies through a strategic digital asset management framework, having signed a Delegated Digital-Asset Management Agreement, establishing potential future XRP treasury operations with an authorized mandate cap of up to US$300 million. This framework positions Webus to integrate blockchain technology for cross-border payment solutions and global expansion initiatives.

Leveraging proprietary technology, our platform integrates real-time AI support with 24/7 multilingual itinerary management, ensuring seamless mobility solutions across all international destinations we serve. For more information, please visit our website at https://ir.wetourglobal.com or www.wetourglobal.com.

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. These forward-looking statements include, without limitation, the Company's statements regarding the expected trading of its common stock on the Nasdaq Capital Market and the closing of the Offering. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Investor Relations Contact:

Annabelle Li

Investor Relations – Webus International Limited

Email: ir.annabelle@webus.vip

FAQ

What is the size of Webus International's (WETO) new equity line of credit?

Webus International has secured an equity line of credit of up to $100 million from Ripple Strategy Holdings.

How long is the term of WETO's new financing agreement?

The financing agreement has a term of 24 months, during which Webus can draw down funds at its discretion.

What are the drawdown limits for Webus's new equity line?

Webus can draw down between $250,000 to $3 million per tranche, depending on market conditions and capital needs.

What will Webus International use the $100 million funding for?

The funding will support Webus's XRP treasury strategy, including crypto-enabled payments, blockchain-based loyalty programs, and global expansion initiatives.

What conditions must be met for WETO's financing agreement to close?

The agreement requires SEC registration statement effectiveness and written consent from the company's lead underwriter to close.