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Strategic Move Positions VCI Global’s Fintech Division Among Tech Unicorns like Carsome and SoftBank-Backed Carro

KUALA LUMPUR, Malaysia, March 17, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), a leading AI infrastructure provider, has signed a definitive agreement, valued at approximately US$1.8 million, to acquire Datanex Asia Sdn Bhd (“Lux-Motion”), a high-growth Malaysian luxury supercar e-commerce platform. The acquisition marked a significant expansion into AI-driven automotive financing and blockchain-powered digital lending, further solidifying VCI Global’s leadership innovation within the luxury auto sector.

As an AI-powered luxury supercar e-commerce platform, Lux-Motion is transforming high-end automotive services through advanced digital innovation. At the core of its technology, the LuxScore system leverages comprehensive data sources to provide accurate financial assessments and personalized luxury supercar recommendations. By integrating AI-driven risk evaluation with blockchain-backed transaction security, Lux-Motion ensures a seamless, intelligent marketplace that delivers highly tailored, efficient, and secure transactions for buyers and sellers.

Lux-Motion’s platform offers:

• AI-Powered Instant Financing: Automated loan approvals and same-day disbursements.

• Lease-to-Own & Flexible Payment Options: Expands financing accessibility for luxury car buyers.

• Blockchain-Based Digital Ownership: Ensures secure, tokenized asset tracking for vehicle transactions.

• AI-Powered Vehicle Matching: Proprietary LuxScore algorithm optimizes financing and pricing options.

By integrating AI-powered risk assessment and blockchain-backed transaction security, Lux-Motion strengthens VCI Global’s presence in the rapidly expanding digital automotive marketplace. With the global automotive e-commerce market projected to reach approximately US$343.13 billion by 2032 at a compound annual growth rate (CAGR) of 16.6%, VCI Global is well-positioned to capitalize on this growth by transforming high-value vehicle financing.

The acquisition of Lux-Motion not only accelerates VCI Global’s expansion into AI-driven digital lending but also enhances its potential for strategic mergers, acquisitions, and partnerships. By leveraging Lux-Motion’s AI-powered financing model, VCI Global reinforces its leadership in high-value automotive transactions, unlocking new revenue streams and increasing market valuation in the evolving digital lending landscape.

“Luxury car buyers expect efficiency, trust, and seamless financing. This acquisition is a strategic milestone that strengthens our position in AI-powered asset financing while laying the foundation for future expansion into high-value digital lending, enabling VCI Global to compete with major digital automotive platforms. By integrating AI-driven risk assessment, fintech-backed lending, and blockchain-powered ownership, we are building a scalable ecosystem that streamlines luxury car transactions—enhancing the customer experience, unlocking new revenue streams, increasing market valuation, and driving long-term value for our investors,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.