Webus International Limited, a China-based AI-powered mobility and chauffeur services provider, has announced plans to raise up to $300 million through non-equity financing to establish a strategic reserve of XRP. The initiative aims to integrate XRP’s cross-border settlement capabilities into Webus’s global payment network, supporting on-chain booking records and a Web3-based loyalty program. The company will use a combination of existing cash, commercial bank loans, shareholder guarantees, and institutional credit lines to build the reserve, with the goal of preserving equity value by avoiding the issuance of new shares. In-house wallets will be used to process passenger fares and immediate driver refunds. The financing plan is non-binding, subject to final agreements and due diligence, and no timeline for closing the facilities or purchasing XRP has been specified. Webus is also renewing its multi-year partnership with Tongcheng Travel Holdings, one of China’s largest online travel agencies. The collaboration will extend the 'Wetour x Tongcheng' inter-city charter lines and leverage the XRP Ledger for settling cross-border rides and driver payouts, aiming to reduce currency-conversion friction for international trips. This move is the first of three initiatives financed by the package, which also includes developing proprietary blockchain infrastructure and accelerating overseas expansion. The announcement follows a similar initiative by VivoPower International, which recently disclosed a $121 million plan to build an XRP treasury.