Singapore-Based Digital Edge Raises $1.6 Billion For Data Center Expansion - 1

Photo by Taylor Vick on Unsplash

Singapore-Based Digital Edge Raises $1.6 Billion For Data Center Expansion

  • Written by Andrea Miliani Former Tech News Expert
  • Fact-Checked by Justyn Newman Former Lead Cybersecurity Editor

The Singapore-based company Digital Edge has raised over $1.6 billion to fund and expand its data centers to meet customers’ cloud and AI demands across Asia.

In a Rush? Here are the Quick Facts!

  • Digital Edge raised $1.6 billion, the new capital combines $640 million of equity and $1 billion in debt.
  • The data center company expects to accelerate expansion in Asia to meet its customers’ cloud and AI demands.
  • The startup expects to expand its presence in Malaysia, India, Indonesia, Japan, South Korea, and the Philippines.

According to the press release , the new capital combines around $640 million of equity investment—including existing and new investors—and $1 billion in debt.

Digital Edge—part of the American investing firm Stonepeak’s portfolio—said the new investments will accelerate its expansion to meet AI and cloud demands from its customers.

“This is a major milestone for Digital Edge and an affirmation of the quality of this platform and our team,” said Samuel Lee, Chief Executive Officer of Digital Edge. “We are very proud of what we have achieved and are excited to deliver on the next phase of AI-ready data center developments.”

The data center company was established in 2020 and operates in multiple countries where it expects to continue its expansion, including Malaysia, India, Indonesia, Japan, South Korea, and the Philippines.

Digital Edge currently has 21 data centers with a power capacity of over more than 500 MW and is developing more with more than 300 MW.

“The level of interest received from existing and new investors is a testament to Digital Edge’s proven track record, expansion capacity, and relentless focus on delivering for our customers across the Asia Pacific region,” said Andrew Thomas, Chairman of Digital Edge and a Senior Managing Director at Stonepeak.

Volkswagen And Xpeng Expand Partnership To Build Ultra-Fast EV Charging Network In China - 2

Photo courtesy of XPENG. XPENG and Volkswagen Group China to Jointly Build One of the Largest Super-Fast Charging Networks in China

Volkswagen And Xpeng Expand Partnership To Build Ultra-Fast EV Charging Network In China

  • Written by Andrea Miliani Former Tech News Expert
  • Fact-Checked by Justyn Newman Former Lead Cybersecurity Editor

Volkswagen and the Chinese automaker Xpeng Motors announced a partnership expansion to develop a joint ultra-fast electric vehicle charging network in China this Monday.

In a Rush? Here are the Quick Facts!

  • Xpeng and Volkswagen strengthen their partnership to build the largest ultra-fast EV-changing network in China.
  • The company’s customers will be able to access both Volkswagen and Xpeng’s 20,000 charging stations across 420 cities in China.
  • The automakers expect to build new co-branded stations and optimize current locations.

According to the press release , the automakers signed a Memorandum of Understanding (MOU), in which they agreed to create co-branded charging stations and share existing ones, allowing customers from both companies to access each other’s charging networks.

The new agreement will connect and include over 20,000 charging stations across 420 cities in China. The companies expect to include more stations, improve efficiency, and stand out as China’s largest super-fast charging network.

“Combining the technological advantages in high-power liquid-cooled super-fast charging as well as the broad and complementary coverage of both parties in China, customers of both parties will have the opportunity to enjoy the superior fast charging experience across China,” states the document.

According to Reuters , the German and Chinese companies have been working together since 2023, when they signed an agreement to build new Volkswagen EV models for 2026. That agreement allowed the German company to build more electric vehicles with advanced intelligence at a lower cost. Volkswagen also bought 4.99% of Xpeng for $700 million.

Both firms’ shares have risen since the public announcement. According to CNBC , Xpeng’s shares closed 3.4% higher in Hong Kong, while Volkswagen’s shares increased 2% in Europe—marking a positive start to the year after ending 2024 on a low note.

A few days ago, Volkswagen, Skoda, Audi, and Seat’s electric vehicles were affected by a massive data breach exposing sensitive information from over 800,000 customers.