Yondr group, Everstone form JV for data centres with $1 bn initial capital

The first facility to be located in Mumbai Metropolitan Region, for which land and power have been acquired, will deliver 30 Mw by 2023 and 60 Mw of IT capacity when fully developed

Yondr group, a developer and operator of data centres, said today it has formed a joint venture with Everstone group for data centres. The JV will have a initial capital of $1 billion.

Operating under the brand name EverYondr, the first facility to be located in Mumbai Metropolitan Region, for which land and power have already been acquired, will deliver 30 Mw by 2023 and 60 Mw of IT capacity when fully developed, it said.

The joint venture will support hyperscale clients and service the rapidly growing Indian market, the size of which is projected to exceed $4.5 billion by