Evolution Data Centres, a leading sustainable data centre company in Southeast Asia, has received an investment from Zero Two, a digital infrastructure development and investment company based in Abu Dhabi.
This investment will provide funds to help build hyperscale-ready data centres in key markets across Southeast Asia. This marks Zero Two’s first investment in the region since its launch in 2022.
As part of this deal, Zero Two will share control with Warburg Pincus, forming a strong partnership to support Evolution’s growth.
This investment follows Warburg Pincus’s initial investment in 2022, which aimed to develop and grow sustainable hyperscale data centres in fast-growing Southeast Asian markets.
Since then, Evolution has expanded its operations in Thailand, the Philippines, and Vietnam, using renewable energy from Power Purchase Agreements (PPAs) with top renewable energy providers.
KEY QUOTES:
“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. Together with our investors and partners, we’re powering the next phase of digital transformation in the region.”
Darren Webb, CEO and Co-Founder of Evolution Data Centres
“We are excited to partner with Evolution and Warburg Pincus to support the expansion of digital infrastructure across Southeast Asia. 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.”
Ahmed Al Hameli, CEO of Zero Two
“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. With strong execution capabilities and the backing of leading investors and trusted local partners, Evolution is uniquely positioned as an early mover and leading sustainable data centre platform in the region. We are pleased to have found a well-aligned and strategic partner in Zero Two to embark on this journey with us.”
Andrew Fitzpatrick, Principal at Warburg Pincus
