Yondr Group, a global provider of hyperscale data center development, operations/ownership, and services, has formed a strategic joint venture with private investment firm Everstone Group. With a capitalization of $1 billion, the joint venture will assist hyperscale clients and serve the fast-developing Indian industry, which is expected to surpass $4.5 billion by 2025.
Operating under the brand name EverYondr, their first facility will deliver 30MW of IT capacity by 2023 and 60MW of IT capacity when completely built. This data center will be located in the Mumbai Metropolitan Region, for which land and power have already been secured.
“EverYondr’s early acquisition of its first campus in the Mumbai Metropolitan Region reinforces our commitment to the region. Unlike other mature hyperscale markets, data centers in India require a proactive approach to development and a streamlined delivery process,” said Dave Newitt, CEO and Founder at Yondr Group. “As a business, our mission is to help clients meet their data center capacity and technical real estate needs, faster and with better performance outcomes than anyone else. Collaborating with a specialized and trusted partner like Everstone will enable us to continue to deliver on that promise in the Indian market that is critically under-served today. Bringing together Everstone’s deep knowledge of the Indian market and Yondr’s technical expertise and track record in developing capacity at scale, this joint venture will deliver unrivalled value to our hyperscale clients.”
Hyperscale Data Centers India
The funds will be utilized to construct and operate multi-locational hyperscale data center businesses in key Indian geographies, including but not limited to the Mumbai Metropolitan Region, Hyderabad, Bangalore, Chennai, and the National Capital Region (Delhi).
Everstone is a major private equity, real estate, green infrastructure, credit, and venture capital investment business. Indospace, the company’s real estate business, is one of India’s largest industrial real estate developers, with over 47 million square feet under construction.
Yondr is a privately held hyperscale data center developer and operator with a proven track record of delivering hyperscale capacity across Europe, Asia-Pacific, and the Americas.
To meet the accelerated pace of cloud adoption, hyperscale companies are increasingly looking to credible partners to help realize their expansion needs,” said Sameer Sain, Co-Founder & CEO of Everstone Group. “Yondr’s global experience combined with Everstone’s strong execution capabilities in India, will provide clients with a credible and consistent choice.”