Abu Dhabi’s Zero Two invests in Singapore-based Evolution Knowledge Centres

Abu Dhabi-headquartered Zero Two, an ADQ firm concerned in digital infrastructure improvement and funding, has invested within the Singapore-based Evolution Knowledge Centres (Evolution).

Zero Two will assume a co-controlling place alongside Warburg Pincus, one of many early buyers within the firm.

Evolution, based in 2021, is a number one sustainable information centre platform in Southeast Asia. Zero Two didn’t disclose any monetary particulars of the transaction, but it surely was the corporate’s first funding in Southeast Asia since its launch in 2022.

Zero Two expands into Southeast Asia

Since Warburg Pincus’ preliminary funding, Evolution has considerably expanded its portfolio throughout Thailand, the Philippines, and Vietnam, all of which shall be powered by renewable vitality by way of Energy Buy Agreements (PPAs) with main renewable vitality suppliers.

Zero Two’s funding in Evolution will present long-term development capital aimed toward accelerating the deployment of hyperscale-ready information centres throughout key Southeast Asian markets.

Ahmed Al Hameli, CEO of Zero Two, commented: “We’re excited to accomplice with Evolution and Warburg Pincus to help the enlargement of digital infrastructure throughout Southeast Asia.

“Evolution’s robust market positioning and main execution capabilities make it a compelling match for Zero Two’s long-term capital deployment technique. Collectively, we intention to speed up the scale-up of energy-efficient hyperscale information centres that meet the area’s quickly rising cloud and AI calls for.”

Darren Webb, CEO and co-founder of Evolution Knowledge Centres, added: “We’re completely delighted to welcome Zero Two as a strategic investor. Their help marks a serious milestone for Evolution Knowledge Centres and can considerably speed up our mission to ship sustainable, high-performance digital infrastructure throughout Southeast Asia.

“Collectively, with our buyers and companions, we’re powering the following section of digital transformation within the area.”