Evolution Data Centres (Evolution), a leading sustainable data centre platform in Southeast Asia, today announced a strategic investment by Abu Dhabi-headquartered digital infrastructure development and investment platform Zero Two.
The investment will provide long-term growth capital to fast-track the deployment of hyperscale-ready data centres across key Southeast Asian markets. This marks Zero Two’s inaugural investment in Southeast Asia since its launch in 2022.
Under the transaction terms, Zero Two will join Warburg Pincus in a co-controlling position, forming a robust institutional partnership to support Evolution’s continued expansion.
This milestone follows Warburg Pincus’s initial investment in 2022, which created a joint venture focused on developing and scaling sustainable hyperscale data centres in Southeast Asia’s rapidly growing markets.
Since then, Evolution has expanded its portfolio across Thailand, the Philippines, and Vietnam, with all facilities set to be powered by renewable energy through Power Purchase Agreements (PPAs) with top renewable providers.
Darren Webb, CEO and Co-Founder of Evolution Data Centres, said, “We are absolutely delighted to welcome Zero Two as a strategic investor. Their support marks a major milestone for Evolution Data Centres and will significantly accelerate our mission to deliver sustainable, high-performance digital infrastructure across Southeast Asia.”
Ahmed Al Hameli, CEO of Zero Two, added, “Evolution’s strong market positioning and leading execution capabilities make it a compelling fit for Zero Two’s long-term capital deployment strategy. Together, we aim to accelerate the scale-up of energy-efficient hyperscale data centres that meet the region’s rapidly growing cloud and AI demands.”
Andrew Fitzpatrick, Principal at Warburg Pincus, commented, “We are excited to welcome Zero Two into our partnership with Evolution. We see a high growth trajectory in modern data centre capacity at scale across Southeast Asia’s significantly underserved markets, where cloud and AI demand is rising rapidly.”
–Input WAM
