Webus International Ltd.

General Information

(Note: The ordinary shares in this IPO are issued by the Cayman Islands-incorporated holding company and not by the underlying business in China.)

We are an emerging leader in China’s Collective Mobility Service (“CMS”) market that provides hassle-free and cost-effective mobility solutions with real-time AI-augmented online support and 24-7 itinerary management support through the VIE and its subsidiary and Wetour. The CMS utilizes privately operated vans and buses to offer customers an alternative way to public transportation when traveling in large groups. Customers come to our platform for any type of CMS, from day-to-day commute, inter-city trips, business visits and cross-province travel to guided tours and tailored vacation packages. Our diverse products and service portfolio covers budget, high-end and customized offerings that appeal to both our individual and corporate customers.

Established in 2019, we experienced rapid growth and ranked as the second-largest online CMS provider in terms of revenue generated in the first half of 2022 by Frost & Sullivan.

Webus expanded its operations to United States in March 2022 through Wetour Travel Tech LLC, a limited liability company formed in United States.

Our websites are: https://www.wetourvip.com/





**Note: The website information is NOT part of this prospectus.

**Note: Revenue and net loss figures are in U.S. dollars (converted from China’s Renminbi) for the 12 months that ended Dec. 31, 2022. The company’s most recent fiscal year was FY2022, which ended June 30, 2022.

(Note: Webus International Ltd. filed an F-1/A on March 17, 2023, disclosing terms for its IPO: 4.0 million shares at $4.00 to $6.00 to raise $20.0 million. Webus International Ltd. filed its F-1 on Feb. 10, 2023, without disclosing terms, for an IPO with estimated proceeds of $20 million. Webus submitted confidential IPO documents to the SEC on Sept. 23, 2022.)


Industry: Charter Bus & Tours & Mobility as a Service (MaaS)
Employees: 32
Founded: 2019
Contact Information
Address 25/F, UK Center, EFC, Yuhang District Hangzhou, China 311121
Phone Number + 86(571) 58000026
Web Address
View Prospectus: Webus International Ltd.
Financial Information
Market Cap
Revenues $25.98 mil (last 12 months)
Net Income $-0.93 mil (last 12 months)
IPO Profile
Symbol WETO
Exchange NASDAQ
Shares (millions): 4.0
Price range $4.00 - $6.00
Est. $ Volume $20.0 mil
Manager / Joint Managers Network 1 Financial Securities
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change