emirates7 - Evolution Data Centres (Evolution), a top sustainable data centre operator in Southeast Asia, has announced a strategic investment from Zero Two, a digital infrastructure development and investment platform based in Abu Dhabi.
This investment from Zero Two will provide long-term growth capital to speed up the rollout of hyperscale-ready data centres in key Southeast Asian markets. It is also Zero Two’s first investment in the region since its launch in 2022.
As part of the deal, Zero Two will take a co-controlling stake alongside Warburg Pincus, forming a strong institutional partnership to support Evolution’s ongoing expansion.
This deal is a major step forward for Evolution following Warburg Pincus’s initial investment in 2022, which involved a joint venture to develop and grow sustainable hyperscale data centres in Southeast Asia’s rapidly expanding markets.
Since Warburg Pincus’s involvement, Evolution has significantly grown its data centre portfolio in Thailand, the Philippines, and Vietnam. All facilities will be powered by renewable energy through Power Purchase Agreements (PPAs) with top renewable energy providers.
Darren Webb, CEO and Co-Founder of Evolution Data Centres, said they are very pleased to welcome Zero Two as a strategic partner. He noted that this support will greatly speed up their mission to deliver sustainable, high-performance digital infrastructure across Southeast Asia.
Ahmed Al Hameli, CEO of Zero Two, commented that Evolution’s strong market presence and execution make it an ideal fit for Zero Two’s long-term capital strategy. Together, they plan to fast-track the expansion of energy-efficient hyperscale data centres that meet the region’s fast-growing cloud and AI needs.
Andrew Fitzpatrick, Principal at Warburg Pincus, expressed excitement about Zero Two joining their partnership with Evolution. He highlighted the strong growth prospects for modern data centre capacity in Southeast Asia’s underserved markets, where demand for cloud and AI services is increasing rapidly.
This investment from Zero Two will provide long-term growth capital to speed up the rollout of hyperscale-ready data centres in key Southeast Asian markets. It is also Zero Two’s first investment in the region since its launch in 2022.
As part of the deal, Zero Two will take a co-controlling stake alongside Warburg Pincus, forming a strong institutional partnership to support Evolution’s ongoing expansion.
This deal is a major step forward for Evolution following Warburg Pincus’s initial investment in 2022, which involved a joint venture to develop and grow sustainable hyperscale data centres in Southeast Asia’s rapidly expanding markets.
Since Warburg Pincus’s involvement, Evolution has significantly grown its data centre portfolio in Thailand, the Philippines, and Vietnam. All facilities will be powered by renewable energy through Power Purchase Agreements (PPAs) with top renewable energy providers.
Darren Webb, CEO and Co-Founder of Evolution Data Centres, said they are very pleased to welcome Zero Two as a strategic partner. He noted that this support will greatly speed up their mission to deliver sustainable, high-performance digital infrastructure across Southeast Asia.
Ahmed Al Hameli, CEO of Zero Two, commented that Evolution’s strong market presence and execution make it an ideal fit for Zero Two’s long-term capital strategy. Together, they plan to fast-track the expansion of energy-efficient hyperscale data centres that meet the region’s fast-growing cloud and AI needs.
Andrew Fitzpatrick, Principal at Warburg Pincus, expressed excitement about Zero Two joining their partnership with Evolution. He highlighted the strong growth prospects for modern data centre capacity in Southeast Asia’s underserved markets, where demand for cloud and AI services is increasing rapidly.