Yondr Group has formed a strategic joint venture partnership with Everstone Group through the brand name EverYondr.
The joint venture will become the first hyperscale data centre facility located in the Mumbai Metropolitan Region, for which land and power have already been acquired. It will deliver 30 MW by 2023 and 60 MW of IT capacity when fully developed.
The project has an initial capitalisation of US$1 billion and will support hyperscale clients as well as service the rapidly growing Indian market, the size of which is projected to exceed $4.5 billion by 2025.
The investment will be used to fund the development and operation of multi-locational hyperscale data centre business across important geographies in India, including but not restricted to the metros of Mumbai, Hyderabad, Bangalore, Chennai and National Capital Region (Delhi).
Starting with Mumbai, the venture is expected to deliver a portfolio of facilities at true hyperscale, significantly propelling India’s IT and power capacity to meet the growing demand from public cloud providers and end-users at scale.
“To meet the accelerated pace of cloud adoption, hyperscale companies are increasingly looking to credible partners to help realise their expansion needs,” said Sameer Sain, co-founder and CEO of Everstone.
“Yondr’s global experience combined with Everstone’s strong execution capabilities in India, will provide clients with a credible and consistent choice,” said Sain.
Dave Newitt, CEO at Yondr, said that unlike other mature hyperscale markets, data centres in India require a proactive approach to development and a streamlined delivery process.
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,” said Newitt.