Evolution Data Centres
Evolution Data Centres is a Singapore-based hyperscale data centre platform developer founded in 2021, building and operating sustainable colocation, build-to-suit, and GPU-ready infrastructure across emerging Southeast Asian markets (Thailand, Vietnam, Philippines) for hyperscale cloud, content, and AI customers, backed by Warburg Pincus and Zero Two.
- Company typePrivate
- Founded2021
- HeadquartersSingapore, Singapore
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Evolution Data Centres does
Evolution Data Centres Pte Ltd is a Singapore-headquartered, private hyperscale data centre platform developer founded in 2021 to build, own and operate sustainable large-scale data centre infrastructure across emerging Southeast Asian markets (Thailand, Vietnam, Philippines). The company targets hyperscale cloud providers, content delivery networks, and AI/ML operators facing capacity shortages in markets underserved by incumbent operators and high land prices in traditional hubs like Singapore and Hong Kong.
Its core product set comprises flexible Colocation services (subscription-based power and space), Build-to-Suit infrastructure (customised single- or multi-tenant facilities), and GPUaaS Infrastructure Support designed for high-density AI workloads — incorporating hybrid air and direct-to-chip liquid cooling that handles 70% of heat via DLC and supports rack densities above 100kW. Underlying technical differentiators include HVO-based sustainable standby power (drop-in renewable replacement for diesel), software-defined redundancy targeting cost-efficient resilience for distributed AI training clusters, and PUE targets of <1.3 (Thailand), <1.4 (Philippines) and <1.5 (Vietnam), with an ambition to procure 100% renewable energy and reach 20 tonnes CO2/GWh by 2030.
Commercially, Evolution employs an enterprise field-sales motion targeting hyperscale cloud, content and AI clients, layered with country-specific joint ventures that provide local market access, regulatory navigation and execution capability: HITC in Vietnam, Central Pattana PCL in Thailand, and Megawide Construction Corp. in the Philippines. The company is capitalised by a programmatic joint venture with Warburg Pincus (using its $2.8B Asia Real Estate Fund, 2022) and a $325M co-controlling strategic investment from Zero Two (ADQ's digital infrastructure platform) in August 2025, with the IFC proposing a further $150M for Thailand operations. Its operational portfolio includes VN01 Hanoi (4.75MW, Tier III certified, operational), with a 640MW+ pipeline spanning TH01 Bangkok (52MW), TH02 Bangkok (200MW), VN02 Ho Chi Minh City (52MW) and PH01 Manila (100MW+) targeting RFS dates of 2026–2027.
Evolution Data Centres firmographics
Firmographics- Name
- Evolution Data Centres
- Legal name
- Evolution Data Centres Pte Ltd
- Website
- https://evolutiondatacentres.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Evolution Data Centres is a Singapore-based hyperscale data centre platform developer founded in 2021, building and operating sustainable colocation, build-to-suit, and GPU-ready infrastructure across emerging Southeast Asian markets (Thailand, Vietnam, Philippines) for hyperscale cloud, content, and AI customers, backed by Warburg Pincus and Zero Two.
- Ownership category
- akta.pro rank
Evolution Data Centres industry classification
Industry- Product category
- Hyperscale Data Centre Colocation
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Computer Facilities Management Services (541513)
- SIC
- Services-Facilities Support Management Services (8744), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Hyperscale Data Center Campuses (Build-to-Suit) (HDABACAC)
- akta.pro secondary industry
- Enterprise Data Centers & On-Prem Facilities (Owned/Operated) (HDABACAG)
Keywords
Where Evolution Data Centres is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices5 records
Markets served
Evolution Data Centres business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Colocation Services: Flexible colocation solutions offering power and space to meet customer requirements. Provides carrier-neutral environment for technology deployment with design flexibility for optimal data centre infrastructure.
- Build-to-Suit: Flexible design methodology delivering optimal data centre infrastructure for single or multi-tenant requirements. Data centre solutions built specifically for customer requirements with scalable capacity.
- GPU-as-a-Service (GPUaaS) Infrastructure: Infrastructure designed to support high-performance computing demands of AI with power at scale, working directly with GPU manufacturers to support their products.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Colocation - Power and Space |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
Evolution Data Centres product offering
Product offeringCore offering
Evolution Data Centres develops, owns, and operates sustainable hyperscale data centres across emerging Southeast Asian markets (Thailand, Vietnam, Philippines), delivering flexible colocation services, custom build-to-suit infrastructure, and high-density facilities engineered for AI and GPU-as-a-Service workloads. Its portfolio spans operational, under-construction, and planned facilities exceeding 640MW of capacity, supported by direct enterprise sales and joint ventures with local partners in each market.
Product overview
Evolution Data Centres is a sustainable hyperscale data centre platform developer that builds, owns, and operates large-scale data centre infrastructure across Southeast Asia. The platform consists of three core service offerings: Colocation Services (flexible power and space solutions), Built to Suit (customized infrastructure for single or multi-tenant deployments), and GPUaaS Infrastructure Support (high-performance computing infrastructure for AI workloads). The company operates a portfolio of data centre facilities across Thailand (TH01 Bangkok - 52MW across two phases, TH02 Bangkok - 200MW), Vietnam (VN01 Hanoi - 4.75MW operational, VN02 Ho Chi Minh City - 52MW under development), and Philippines (PH01 Manila - 100MW+ under development). All facilities are designed for hyperscale cloud, content, and AI workloads with a focus on sustainability and renewable energy integration.
Differentiator
Problem solved
Functional benefit
Products and services
- Colocation Services Flexible colocation solutions providing power and space to meet customer requirements, designed to create the optimal environment for customer technology deployments in a carrier-neutral setting. Targeted at hyperscale cloud, content, and AI customers needing reliable power, cooling, and interconnection across Southeast Asia.
- Built to Suit Data Centre Solutions Flexible design methodology delivering optimal data centre infrastructure built specifically for single-tenant or multi-tenant requirements, with scalable capacity tailored to customer specifications. Targeted at enterprise and wholesale customers with bespoke power, cooling, and layout needs.
- GPU-as-a-Service (GPUaaS) Infrastructure Support High-performance computing infrastructure designed to support the demands of AI workloads, providing power at scale and working directly with GPU manufacturers to validate facility specifications. Supports densities well over 100kW per system using direct-to-chip liquid cooling and software redundancy for distributed AI training.
- VN01 Hanoi Data Centre Operational 4.75MW data centre at EcoDC E4 within Hoa Lac Hi-tech Park, Hanoi, Vietnam. 5 data halls, up to 750 racks, 5kW average density up to 20kW max, 2,000 sqm of white space, carrier-neutral with 2 diverse PoEs. Certified ISO 27001:2022, ISO 9001:2015, PCI-DSS, and Uptime Tier III design and construction (first in Vietnam).
- TH01 Bangkok Data Centre Two-phase hyperscale data centre in central Bangkok at Bang Na Trad Road, joint venture with Central Pattana PCL. Phase 1: 12MW (sold). Phase 2: 40MW. 20,470 sqm, 8 network providers, projected PUE <1.3. RFS Phase 1 Q4 2026, Phase 2 Q2 2027.
- TH02 Bangkok Data Centre 200MW hyperscale data centre at Thanon Phraeksa, Mueang Samut Prakan District, Thailand. 96,800 sqm, 7 network providers, RFS Q2 2027.
- VN02 Ho Chi Minh City Data Centre 52MW hyperscale data centre under development at Saigon Hi-Tech Park, Ho Chi Minh City, Vietnam, via joint venture with HITC. 49,500 sqm land area, multiple network providers, RFS Q4 2027.
- PH01 Manila Data Centre 100MW+ capacity data centre under development at Gateway Business Park, General Trias, Cavite, Philippines, via joint venture with Megawide Construction Corp. 40,000 sqm, 5 confirmed network providers, projected PUE <1.4, RFS Q3 2027.
Quantifiable outcome
- Carbon intensity target of 20 tonnes CO2/GWh by 2030 (vs 1,263 tonnes without decarbonisation)
- +2 more outcomes
Companies that use Evolution Data Centres
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles3 records
Evolution Data Centres technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Evolution Data Centres partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and flagship.
- HTC InternationalcorePartnership with HTC International (same as HITC) to develop large-scale data centres in Vietnam supporting the country's digital transformation.
- HTC InternationalcoreStrategic partnership with HTC International in Vietnam for data centre development.
- HITC (HTC International Telecommunication JSC)flagshipJoint venture to develop large-scale AI and hyperscale data centres in Ho Chi Minh City and Hanoi, Vietnam. Partnership combines Evolution's international hyperscale expertise with HITC's local telecommunications infrastructure capability. Initial projects include EcoDC expansion in Hanoi and new hyperscale facility in Ho Chi Minh City.
- Citicore Renewable Energy Corporation (CREC)flagshipStrategic MOU for up to 100MWAC of baseload, 24/7 renewable power through power purchase agreement. Partnership enables delivery of hyperscale-ready data centre facility powered entirely by renewable energy in the Philippines without reliance on RECs.
- National Telecoms Public Company Limited (NT)coreCooperation agreement with NT to develop digital infrastructure in Thailand. NT provides comprehensive telecommunication network services with terrestrial and submarine cable systems, over 10 points of interconnection and 9 submarine cable systems supporting connectivity for the Bangkok data centre.
- International Gateway (IGC)corePartnership between Evolution DC Thailand, Central Pattana and International Gateway to develop advanced network infrastructure for the Bangkok data centre development.
- Banpu NEXTcoreBanpu NEXT partnered with Evolution to provide smart energy solutions for Thailand and Vietnam data centres. Banpu NEXT, a subsidiary of Banpu, provides tailor-made solar power systems and smart energy solutions delivering up to 30MW for initial Thailand site and up to 50MW for Vietnam site.
- ENGIE ImpactcorePartnership with ENGIE Impact to create and measure sustainability standards. ENGIE Impact helps define sustainability KPIs and independently assesses Evolution's progress against targets including carbon emissions, renewable energy, energy efficiency, green buildings, and water/waste management.
- Citicore Renewable Energy Corporation (CREC)corePartnership with CREC for renewable power supply to Philippines data centre operations. CREC will supply 24/7 renewable power significantly below prevailing market rates through unique synergies with joint venture partner Megawide.
- Central Pattana PCLflagshipJoint venture agreement to design, build and operate a state-of-the-art carrier-neutral data centre in central Bangkok. Central Pattana is one of Thailand's largest property developers. Partnership delivers 36MW initially with expansion potential, located at Bang Na Trad Road.
- Megawide Construction Corp.flagshipJoint venture to design, build and operate a carrier-neutral data centre in the Philippines. Project involves 69MW colocation facility on 4-hectare campus in Cavite, with initial 23MW phase. Megawide is part of Citicore Holdings Investment Inc.
Scale indicators7 records
Recent moves10 records
Expansion highlights5 records
Evolution Data Centres competitors and assessment
Company assessmentDirect peers
- Yondr Group: Global hyperscale data centre developer with significant operations in Southeast Asia and APAC. Most directly comparable peer; Evolution's VP Sales (Mingli Xue) was previously Senior Director at Yondr, indicating strong industry overlap in hyperscale customer base and go-to-market approach.
- AirTrunk: Asia-Pacific hyperscale data centre specialist operating large-scale campuses in Singapore, Japan, Hong Kong, Malaysia, and Australia. Comparable in hyperscale focus, sustainability positioning, and large campus development model targeting cloud and AI workloads.
- ST Telemedia Global Data Centres: Singapore-headquartered data centre operator with a pan-Asian footprint including facilities in Singapore, Thailand, Philippines, India, and other markets. Comparable for its regional Southeast Asia expansion strategy and carrier-neutral colocation offerings.
- Bridge Data Centres: Hyperscale-focused data centre developer with operations across Southeast Asia (Malaysia, Indonesia, Thailand) and China. Comparable for its hyperscale-build-to-suit model and focus on emerging Asia markets for cloud and AI workloads.
- BDx (Big Data Exchange): Hong Kong-headquartered data centre operator with facilities across Southeast Asia including Indonesia, Singapore, Malaysia, Thailand, and Philippines. Comparable for its Southeast Asia emerging-markets carrier-neutral colocation focus.
- GDS Holdings: China-headquartered data centre operator expanding across Asia with carrier-neutral hyperscale facilities. Comparable for hyperscale focus, build-to-suit offerings, and high-density colocation design for AI/cloud workloads.
- Chindata Group: Asia-Pacific hyperscale data centre platform focused on cloud and AI workloads in China and emerging Asia. Comparable for its hyperscale build-to-suit platform and direct-to-chip liquid cooling capabilities for high-density AI deployments.
Broad incumbents
- NTT Global Data Centers: Global data centre arm of NTT with broad APAC presence. Comparable as a broad incumbent offering hyperscale-ready colocation across Southeast Asia, though operating at much larger scale with broader service portfolio.
- Digital Realty: Global hyperscale colocation provider with PlatformDIGITAL offering spanning APAC including Singapore. Comparable as a large incumbent serving hyperscale cloud customers, though with broader global portfolio rather than emerging Asia focus.
Emerging players
- EdgeConneX: Global hyperscale and edge data centre provider expanding in APAC. Comparable for its build-to-suit hyperscale data centre model supporting cloud and AI customers, though with more focus on edge and tier-2 markets globally.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Evolution Data Centres social profiles
Digital presenceEvolution Data Centres compliance and trust
Trust signalCompliance4 records
Evolution Data Centres financial estimates
Financial estimateRevenue estimate
Valuation estimate
Evolution Data Centres leadership team
Management profileNumber of profiles
Profiles10 records
Evolution Data Centres subsidiaries and ownership
Company hierarchySubsidiaries2 records
Evolution Data Centres funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Evolution Data Centres M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Evolution Data Centres
What does Evolution Data Centres do?
Evolution Data Centres develops, owns, and operates sustainable hyperscale data centres across emerging Southeast Asian markets (Thailand, Vietnam, Philippines), delivering flexible colocation services, custom build-to-suit infrastructure, and high-density facilities engineered for AI and GPU-as-a-Service workloads. Its portfolio spans operational, under-construction, and planned facilities exceeding 640MW of capacity, supported by direct enterprise sales and joint ventures with local partners in each market.
Is Evolution Data Centres a public or private company?
Evolution Data Centres is a private company. It is classified as private equity controlled and is currently operating.
When was Evolution Data Centres founded?
Evolution Data Centres was founded in 2021. It employs 1 to 10 people.
Where is Evolution Data Centres based?
Evolution Data Centres is headquartered in Singapore, Singapore, in the Asia region.
How does Evolution Data Centres make money?
Three revenue lines are on record. Colocation Services are the primary driver. The others are build-to-Suit and GPU-as-a-Service (GPUaaS) Infrastructure.
Who are Evolution Data Centres's main competitors?
Direct peers on record are Yondr Group, AirTrunk, ST Telemedia Global Data Centres, Bridge Data Centres, BDx (Big Data Exchange), GDS Holdings and Chindata Group. Broad incumbents are NTT Global Data Centers and Digital Realty. EdgeConneX is listed as an emerging player.
Does Evolution Data Centres have an API?
No public API is recorded for Evolution Data Centres.
What industry is Evolution Data Centres in?
Evolution Data Centres's product category is Hyperscale Data Centre Colocation. Its primary akta.pro industry code is HDABACAC, Hyperscale Data Center Campuses (Build-to-Suit), with a secondary code of HDABACAG, Enterprise Data Centers & On-Prem Facilities (Owned/Operated). Its NAICS code is 518210 and its SIC code is 8744.