EPG Secures Over $100M for AI Data Center Growth

Singapore’s EPG Draws Backing From Decarbonization Partners, Alibaba Cloud as AI Compute Demand Grows

EPG closed over $100 million in Series B+ financing on March 31, led by Decarbonization Partners, a joint venture between BlackRock and Temasek, alongside Alibaba Cloud and other strategic investors. 

The round follows the company’s Series B financing, which closed earlier in 2026. Together, the two rounds give EPG a broader capital base to fund manufacturing scale-up, research and development, and international delivery operations. 

EPG, founded in 2004, builds prefabricated modular data center systems that bundle power, IT, and cooling into factory-assembled units. The model compresses on-site construction timelines and reduces dependence on civil engineering workflows constraints that have slowed conventional data center builds as operators push for denser, faster deployments to support AI workloads.

In the AI era, competition goes beyond computing power to delivery speed and energy efficiency. This funding will strengthen our global manufacturing and delivery capabilities to meet growing demand.
Alick Wan, Founder and Chairman of EPG.

Decarbonization Partners, which has attracted $1.40 billion from more than 30 institutional investors across North America, Europe, and the Asia Pacific, focuses on late-stage and early-growth private equity in companies developing net-zero technologies. The EPG investment marks one of the venture’s more visible bets on physical AI infrastructure rather than software or compute chips. 

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In 2025, EPG delivered more than 200MW of prefabricated modules. That included a 60MW-plus facility the company describes as one of the largest single modular projects completed in Asia. The company also opened offices in Japan, Thailand, and Dubai during the year and grew its workforce 87.6% year-on-year, per the press release. 

That follows a headquarters move. On March 18, EPG relocated its overseas base within Singapore to Novena Square Tower, a signal of its long-term commitment to the international market. 

It is unclear how the proceeds of Series B+ will be allocated across the company’s dual R&D centers in Singapore and Shanghai and its manufacturing hubs in Malaysia and China. EPG did not disclose a post-money valuation for either the Series B or B+ rounds. 

The financing comes as data center operators across Asia-Pacific face pressure to expand capacity faster than traditional construction permits allow. Hyperscalers and cloud providers have increasingly turned to modular vendors to bridge the gap between surging AI infrastructure demand and the multi-year lead times associated with ground-up builds.

EPG said proceeds will go toward R&D, manufacturing capacity, and international delivery operations, with 2026 described in the release as a “turning point” in the company’s global expansion.

Disclaimer: This reporting is based on publicly available reports, including press releases of PRNewswire.Nervnow has not independently verified claims. 

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