KUALA LUMPUR, Malaysia, March 17, 2025 – VCI Global Limited (NASDAQ: VCIG), a leading AI infrastructure provider, has announced the acquisition of Datanex Asia Sdn Bhd (“Lux-Motion”), a high-growth Malaysian luxury supercar e-commerce platform. The deal, valued at approximately US$1.8 million, represents a strategic move to integrate AI-driven automotive financing and blockchain technology, further solidifying VCI Global’s position in the luxury automotive sector.
As an AI-powered luxury supercar e-commerce platform, Lux-Motion is leveraging digital innovation to reshape high-end automotive services. Its core technology, the LuxScore system, utilizes comprehensive data sources to provide accurate financial assessments along with personalized luxury supercar recommendations. By combining AI-driven risk evaluation with blockchain-backed transaction security, Lux-Motion aims to provide a streamlined marketplace that delivers tailored, efficient, and secure transactions for both buyers and sellers.
Lux-Motion’s platform offers several key features:
- AI-Powered Instant Financing: Automated loan approvals and same-day disbursements.
- Lease-to-Own & Flexible Payment Options: Expanding financing accessibility for luxury car buyers.
- Blockchain-Based Digital Ownership: Secure, tokenized asset tracking for vehicle transactions.
- AI-Powered Vehicle Matching: Proprietary LuxScore algorithm optimizes financing and pricing.
The integration of AI-driven risk assessment and blockchain-backed transaction security strengthens VCI Global’s presence in the expanding digital automotive marketplace. With the global automotive e-commerce market projected to reach approximately US$343.13 billion by 2032, VCI Global is poised to capitalize on this growth by transforming high-value vehicle financing.
This acquisition not only accelerates VCI Global’s expansion into AI-driven digital lending but also increases its potential for strategic mergers, acquisitions, and partnerships. Leveraging Lux-Motion’s AI-powered financing model, VCI Global reinforces its leadership in high-value automotive transactions, unlocking new revenue streams and heightening 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,” stated Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.
About Datanex Asia Sdn Bhd (Lux-Motion)
Lux-Motion is Malaysia’s AI-powered luxury supercar e-commerce platform, transforming high-end automotive services through digital innovation. The company provides a technology-driven approach to luxury car ownership, offering buyer-centric solutions and premium chartered car services suited for high-net-worth clients. Its proprietary LuxScore system enhances transaction efficiency through data-driven financial assessments and personalized vehicle recommendations.
For more information, visit https://lux-motion.com/.
About VCI Global Limited
VCI Global is a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy. With its presence in Asia, Europe, and the United States, VCI Global is dedicated to driving technological innovation, sustainable growth, and financial excellence across multiple industries.
For more information on the Company, visit https://v-capital.co/.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements. These statements, which are subject to risks and uncertainties, include the Company’s ability to grow its business and other statements that are not historical facts. Such forward-looking statements are based on current beliefs, expectations, and future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19), and future measures taken by authorities in the countries wherein the Company has supply chain partners, and the Company’s customers’ economic condition. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.
CONTACT INFORMATION:
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