Evolution Data Centres (EDC) has entered into a joint venture with Warburg Pincus to develop sustainable hyper-scale data centres across Southeast Asia.
Evolution Data Centres was founded by a group of individuals experienced in the Asian data centre market to “address two key challenges: the lack of quality and scale of data centre capacity in emerging Asian markets, and the critical need for sustainable infrastructure in the region,” the company said in a statement.
Warburg Pincus will be committing capital from its Asia real estate fund, which closed with committed capital of $2.8 billion at the end of 2021. The company currently has over $7.5 billion invested in over 50 real estate ventures across Asia.
Darren Webb, Co-Founder and Chief Executive Officer of EDC said, “I am delighted to announce our new partnership with Warburg Pincus. It is great to have the backing of such a credible investor who shares our passion for building and operating hyper-scale, sustainable data centres across multiple high-growth markets in Southeast Asia. This funding will help us realise our vision of being the leading sustainable data centre provider in the region.”
“Warburg Pincus has an outstanding track record of investing in Asia real estate and digital infrastructure. We look forward to drawing on their wealth of experience in undertaking large-scale capital expenditure programs in the region as we embark on our next stage of growth,” added Ed Martin-Sperry, Co-Founder and Chief Investment Officer of EDC.