VLF magneto-electric (ME) antennas have gained attention for their compact size and high radiation efficiency in lossy conductive environments. However, the need for a large DC magnetic field bias presents challenges for miniaturization, limiting portability. This study introduces a self-biased ME antenna with an asymmetric design using two magneto materials, inducing a magnetization grading effect that reduces the resonant frequency during bending. Operating principles are explored, and performance parameters, including the radiation mechanism, intensity and driving power, are experimentally assessed. Leveraging its excellent direct and converse magneto-electric effect, the antenna proves adept at serving as both a transmitter and a receiver. The results indicate that, at 2.09 mW and a frequency of 24.47 kHz, the antenna has the potential to achieve a 2.44 pT magnetic flux density at a 3 m distance. A custom modulation–demodulation circuit is employed, applying 2ASK and 2PSK to validate communication capability at baseband signals of 10 Hz and 100 Hz. This approach offers a practical strategy for the lightweight and compact design of VLF communication systems.