AdaniconneX, a joint venture between Adani Enterprises Ltd and EdgeConneX, recently made headlines by raising $213 million for data centers in India. This significant investment demonstrates the country’s growing interest and potential for data center infrastructure.
The funding round attracted several high-profile investors, including Tiger Global Management, EDBI, and others. The funding was finalized through a framework pact with international lenders like ING Bank N.V., Mizuho Bank Ltd., MUFG Bank Ltd., Natixis, Standard Chartered Bank, and Sumitomo Mitsui Banking Corp.
The capital raised will support Adani conneX‘s plans to develop and operate data centers across various Indian cities, catering to the increasing demand for cloud services, digital transformation, and edge computing. The data centers will be located in Chennai and Noida and have a combined capacity of 67 MW.
‘The construction facility is the key ingredient of AdaniConneX’s capital management plan, providing the pathway for us to deliver on-time a reliable and sustainable data center capacity of 1 GW by 2030,” said Jeyakumar Janakaraj, chief executive officer, of AdaniConneX
The funds raised in this investment round will support the construction of multiple data centers, each equipped with advanced technology, redundant power supply, robust security measures, and connectivity options. These facilities will provide businesses with reliable and scalable infrastructure, enabling them to leverage cloud computing, artificial intelligence, IoT (Internet of Things), and other emerging technologies to drive innovation and growth.