Webus signed a $100 million deal with Ripple Strategy Holdings, aimed at supporting XRP-related projects. This capital will enhance Webus’s initiatives in crypto payments, loyalty programs, and global expansion over the next 24 months.
Following the funding announcement, Webus shares jumped by 130%, reflecting positive market sentiment. CEO Nan Zheng noted the deal allows efficient capital raising while minimizing shareholder dilution, reinforcing their strategy in North America and Asia-Pacific.
Leave a Reply