Yondr Group, a data centre company, has formed a joint venture with Everstone Group, a private investment firm, to develop hyperscale data centres in India.
Under the brand name EverYondr, the company’s first location was in the Mumbai Metropolitan Region.
Land and power have already been acquired for the development, and the data centre will provide 30MW of IT capacity by 2023 and 60MW of IT capacity when fully developed.
“EverYondr’s early acquisition of its first campus in the Mumbai Metropolitan Region demonstrates our commitment to the region,” said Yondr Group CEO Dave Newitt. “By combining Everstone’s extensive market knowledge and Yondr’s technical expertise and track record of scaling capacity, this joint venture will provide unmatched value to our hyperscale clients.”
The joint venture will receive an initial $1 billion in funding to develop and operate a number of hyperscale data centres throughout India. According to the companies, planned developments include, but are not limited to, Mumbai, Hyderabad, Bangalore, Chennai, and Delhi metros.
Indospace, Everstone’s real estate arm, is India’s largest industrial real estate developer, with over 47 million square feet currently under construction.
“To keep up with the rapid adoption of cloud computing, hyperscale companies are increasingly seeking credible partners to assist them in achieving their expansion goals,” added Sameer Sain, Co-Founder & CEO of Everstone Group. “With Yondr’s global experience and Everstone’s strong execution capabilities in India, clients will have a credible and consistent partner.”
Digital Realty, Iron Mountain, and EdgeConneX have all formed joint ventures with investors to develop data centres in India in 2021. Simultaneously, CapitaLand, NTT, STT GDC, PDG, Hiranandani Group, and Reliance Jio all made announcements this year regarding hyperscale facilities in the country.
Yondr has historically focused on Europe, but announced a $2 billion expansion plan into the Americas earlier this year, including a 270-acre campus in Northern Virginia.
