VCI Global Limited announced it has secured an additional US$100 million investment commitment from Alumni Capital LP. This commitment builds on an earlier US$30 million equity line agreement from 2024, reflecting confidence in VCI Global’s strategic direction.
The US$100 million commitment will be allocated to strengthen the company's AI business and advance renewable energy initiatives, with US$50 million specifically for AI operations. These initiatives are expected to generate an additional US$50 million in revenue for VCI Global over the next three years.
VCI Global also plans to allocate up to US$50 million over the next five years to acquire renewable energy projects across Southeast Asia and Europe. This investment aligns with the company's commitment to sustainability and is expected to drive exponential revenue growth.
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