Zero Two Invests in APAC Data Center Firm Evolution

Zero Two has invested in Evolution, taking a co-controlling position alongside Warburg Pincus. Terms of the deal were not shared, though reports from Mingtiandi puts the figure at $325 million.

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. Together with our investors and partners, we’re powering the next phase of digital transformation in the region.”

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 centers that meet the region’s rapidly growing cloud and AI demands.”