Zero Two expands into Southeast Asia by investing in Singapore's Evolution Data Centres.

Abu Dhabi-based Zero Two, an ADQ company specializing in digital infrastructure development and investment, has announced its latest financial venture with a strategic stake in Singapore's Evolution Data Centres. This collaboration marks a significant milestone for Zero Two as it steps into the Southeast Asian market.

Assuming a co-controlling role alongside initial investor Warburg Pincus, Zero Two is poised to influence Evolution’s future direction. Founded in 2021, Evolution has quickly risen to prominence as a sustainable data centre platform across Southeast Asia. Although the financial terms of the transaction remain undisclosed, this initiative represents Zero Two’s inaugural investment in Southeast Asia since its establishment in 2022.

Zero Two Expands into Southeast Asia

Since its inception, and with Warburg Pincus’ backing, Evolution has widened its operations significantly across Thailand, the Philippines, and Vietnam. These expansions are notably supported by renewable energy through Power Purchase Agreements (PPAs) with prominent energy providers.

The infusion of capital from Zero Two aims to facilitate long-term growth and bolster the deployment of hyperscale-ready data centres throughout these vital markets.

Ahmed Al Hameli, CEO of Zero Two, expressed enthusiasm about the partnership: “We are excited to collaborate with Evolution and Warburg Pincus to enhance digital infrastructure across Southeast Asia.” He emphasized how Evolution’s market positioning aligns perfectly with Zero Two’s strategic objectives of fostering scalable energy-efficient data centres that align with regional cloud and AI demands.

Darren Webb, CEO and co-founder of Evolution Data Centres, shared his excitement about this new alliance: “We are thrilled to welcome Zero Two as a strategic partner. Their involvement represents a crucial step for Evolution Data Centres and will significantly accelerate our mission to provide sustainable high-performance digital infrastructure across Southeast Asia.”

Together with their investors and partners like Akhbrna News highlighted the joint efforts of these companies powering the next phase of digital transformation in Southeast Asia.