Webus International Ltd. announced a significant partnership with Ripple Strategy Holdings, securing a $100 million equity line, which creates potential for increased XRP adoption in mobility services.
Webus and Ripple Partnership
Webus International Ltd., under CEO Nan Zheng's leadership, has secured a $100 million equity line from Ripple Strategy Holdings. This move targets leveraging XRP for growth in North America and Asia-Pacific. Nan Zheng stated, "This $100 million facility reflects strong confidence in our long-term XRP strategy, providing flexibility to raise capital strategically while minimizing shareholder dilution."
Surge in Webus Shares
The announcement led to a significant surge in Webus shares, which rose 87% intraday following the announcement. Ripple Strategy Holdings is the primary backer, indicating confidence in XRP's market value.
Prospects of XRP Integration in Mobility Services
The funding strategy involves tranche-wise delivery, emphasizing XRP-backed treasury initiatives. Webus can draw amounts between $250,000 and $3 million over 24 months, subject to market and regulatory conditions. The project integrates cryptocurrency into premium mobility services, which may lead to diversified capabilities in service payments and customer loyalty programs.
Webus's strategy marks one of the first large-scale XRP integrations in mobility services, highlighting the cryptocurrency's evolving role beyond traditional finance. Success will depend on market acceptance and regulatory decisions.
