VCI Global Expands with Acquisition of Lux-Motion: Taps into $350 Billion Automotive E-Commerce Market

Deal News | Mar 17, 2025 | EIN

VCI Global Limited, an AI infrastructure leader, has announced the acquisition of Datanex Asia Sdn Bhd, known as Lux-Motion, a Malaysian luxury supercar e-commerce platform, for approximately $1.8 million. The acquisition marks a strategic expansion into the high-growth automotive e-commerce market, leveraging Lux-Motion's advanced AI and blockchain technologies to enhance digital lending and high-value vehicle financing. With the automotive e-commerce industry expected to reach $343.13 billion by 2032, VCI Global aims to capitalize on this trend by enhancing its AI-driven automotive services and expanding its fintech capabilities. This acquisition not only strengthens VCI Global's position in the automotive sector but also opens avenues for further strategic partnerships and growth in the digital lending space.

Sectors

Automotive E-Commerce
Fintech
Artificial Intelligence

Geography

Malaysia – Lux-Motion is a Malaysian-based company, indicating the geographical ties to the acquisition.
United States – VCI Global is listed on NASDAQ and has a presence in the United States, highlighting its global operations.
Asia – As VCI Global has a significant presence in Asia, the acquisition strengthens its influence in the Asian market.

Industry

Automotive E-Commerce – The acquisition focuses on Lux-Motion, a digital platform for luxury supercars, marking a strategic entry into the flourishing automotive e-commerce market.
Fintech – Lux-Motion's platform offers AI-powered instant financing and blockchain-based digital ownership, enhancing VCI Global's fintech capabilities.
Artificial Intelligence – The use of AI in Lux-Motion's technology, such as AI-powered vehicle matching and risk assessment, positions VCI Global as a leader in AI innovations for the automotive sector.

Financials

$1.8 million – The deal value for the acquisition of Lux-Motion by VCI Global.
$343.13 billion – The projected size of the global automotive e-commerce market by 2032.

Participants

Name	Role	Type	Description
VCI Global Limited	Bidding Company/Buyer	Company	A diversified global holding company with a focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy.
Datanex Asia Sdn Bhd (Lux-Motion)	Target Company	Company	A Malaysian-based luxury supercar e-commerce platform leveraging AI and blockchain for high-end automotive services.