Leading AI infrastructure service provider secures hundreds of millions of dollars in investment, with participation from Forebright, Hillhouse Capital, Yunfeng Capital, etc. It has entered the supply chains of major tech companies.
Text | Lin Qingqing
Editor | Yuan Silai
Yingke learned that EPG, a provider of modular data center (MDC) solutions, has recently completed a Series B financing of hundreds of millions of US dollars. This round of financing was led by international capitals Forebright and Silicon Peak, followed by GL Ventures, Newell Capital, Yunfeng Fund, and Xinghang Capital. Yiwei Capital served as the long - term exclusive financial advisor. This round of financing will be mainly used for capacity expansion, working capital replenishment, and global market expansion to better ensure the delivery of customers' data centers, especially in the high - power density data center (AIDC) market driven by AI computing power. In 2025, the company also completed Series A and Series A+ financings totaling tens of millions of US dollars from investors such as Zhongding Capital.
EPG was founded in 2004 by a team with over twenty years of experience in the data center field. The company positions itself as a provider of modular data center (MDC) solutions. By standardizing and integrating the four core modules of power generation, power distribution, IT, and refrigeration in the factory, it significantly shortens the construction cycle of data centers and reduces costs. Moreover, EPG has established a super factory and a complete delivery team overseas to help customers with global data center delivery.
Currently, the global data center industry is facing profound efficiency challenges. In overseas markets, especially in Southeast Asia and Europe, the local supply chain is weak and the professional labor force is scarce, resulting in a long - cycle and high - cost traditional construction model. According to Yingke, taking Malaysia as an example, it often takes 2 to 3 years to build a data center, and the cost is 30% or more higher than that in China. Meanwhile, the AI wave has spawned a new round of investment in computing power infrastructure. Large - scale technology companies have put forward more stringent requirements for the delivery speed, power density, and heat dissipation efficiency of data centers, and the traditional construction model has become difficult to adapt. This has created a huge market opportunity for prefabricated and modular construction solutions.
Yingke learned that EPG's modular data center (MDC) solution transfers most of the on - site construction work to the factory. The four prefabricated modules are assembled and tested in the factory and then mainly undergo rapid splicing and commissioning after being transported to the site. The core of this method is to disassemble the data center into four standard modules of power generation, power distribution, IT, and refrigeration for high - level integrated prefabrication. While significantly reducing the construction time, it realizes the standardization of products and delivery, which helps global customers manage their data center assets scattered in different countries with a unified architecture. In terms of core technology, the company has independently developed and launched key products such as liquid - cooling systems and diesel generator sets. Its cold - plate liquid - cooling solution can meet the heat - dissipation requirements of the latest generation of high - power GPU servers through unique pipeline design and coolant selection, reducing the power usage effectiveness (PUE) of the data center to below 1.3. The self - developed diesel generator sets target the long - term shortage of backup power supply in domestic and overseas markets.
In terms of market verification, EPG's solutions have entered the supply chains of domestic Internet and data center operators such as ByteDance, Alibaba, and GDS. It is also supplying products to overseas IDC manufacturers and global technology giants. The foundation for achieving this is its early - built overseas localization capabilities. The company has set up its own factory in Malaysia, established a team of over a hundred people in countries such as Malaysia, Singapore, and Thailand, and was the first to obtain strict certifications such as BOMBA and CE in multiple regions, becoming one of the few manufacturers capable of large - scale overseas delivery.
Although prefabrication is regarded as the major trend in data center construction, there are few Chinese manufacturers with global delivery capabilities. The industry is still in its early stage, and the competition has not yet reached a white - hot level. The competitive barriers are extending from technical products to in - depth local operation and global layout rhythm. EPG's difference lies in that it completed the construction of overseas localization capabilities earlier and has established a complete system from production, compliance to service in Southeast Asia. In EPG's view, this gap based on time and experience accumulation has won it a crucial customer window period. As domestic leading customers take the lead in formulating standards, 2026 may become a key node for the domestic prefabrication market, and the penetration speed of the overseas market is expected to be faster.
In addition, the rapid development of AIDC has continuously increased the power density of single cabinets, which poses more complex requirements for the heat - dissipation and power - distribution design of prefabricated modules in a limited space. Currently, the company is researching and developing more energy - efficient heat - dissipation solutions such as magnetic levitation chillers to meet future market demands. EPG has a clear strategic path. Based on its mature experience in the Southeast Asian market, it will gradually expand its business to Europe and the United States, and through the coordinated division of labor between its factories in Shanghai and Malaysia, it can flexibly serve the delivery preferences of customers in different regions around the world.
In terms of the team, Wan Renjun, the founder, chairman, and CEO of EPG, has over twenty years of experience in data centers and critical power equipment and has led the deployment of data center power supply systems in multiple countries and regions. The company has long - term accumulation in the field of thermal management and continuously strengthens the R & D and innovation of refrigeration systems. The expansion and delivery of overseas business are guaranteed by local teams to respond to customers' needs more flexibly and promptly.