Yondr Group and Everstone form a $1 billion strategic joint venture to assist hyperscale clients and serve the fast-developing Indian industry, expected to surpass $4.5 billion by 2025.
The partners established the brand name for their joint venture, EverYondr. They expect the first facility to deliver 30MW and 60MW of IT capacity by 2023 and when wholly built, respectively.
The entities have already secured land and power for the data center. They will utilize the funds to construct and operate multi-locational hyperscale data center businesses.
Dave Newitt, who serves the role of a CEO and Founder at Yondr Group, had this to say:
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. 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 unrivaled value to our hyperscale clients.
It will cover vital Indian geographies, including but not limited to the Mumbai Metropolitan Region, Hyderabad, Bangalore, Chennai, and the National Capital Region (Delhi).
— Business Standard (@bsindia) July 27, 2021
Yondr is a privately owned entity. It’sa global provider of hyperscale data center development, operations, and ownership services. It has a proven track record of delivering hyperscale capacity across Europe, Asia-Pacific, and the Americas.
Everstone is significant private equity, real estate, green infrastructure, credit, and venture capital investment business. Its real estate business, named Indospace, is one of India’s largest industrial real estate developers. More precisely, it has over 47 million square feet under construction.
Sameer Sain, who serves the role of a Co-Founder & CEO of Everstone Group, had this to say:
To meet the accelerated pace of cloud adoption, hyperscale companies are increasingly looking to credible partners to help realize their expansion needs. Yondr’s global experience, combined with Everstone’s strong execution capabilities in India, will provide clients with a credible and consistent choice.