CoreWeave said Wednesday that it is entering India through a partnership with data center developer AdaniConneX, taking 240 megawatts of capacity at a campus in Navi Mumbai. The AI cloud provider plans to fill the space with Nvidia’s Vera Rubin platform, with the first phase expected to be ready in mid-2028.

What Happened

CoreWeave will occupy three 80 MW buildings at AdaniConneX’s Taloja campus as the sole tenant, according to the company’s announcement. It also holds an option to take a further 240 MW at the same campus, which would bring its potential capacity there to 480 MW. Capacity will come online in phases after the first stage in 2028.

The buildings are designed around high-density GPU computing. CoreWeave said the data halls will use direct liquid cooling, supported by a non-evaporative chilled-water system, and that the design is meant to accommodate future generations of AI hardware.

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CoreWeave did not disclose the financial terms. Yahoo Finance reported that the investment is expected to reach several billion dollars over the life of the project. The company also plans to open an office in India and hire local staff to work with customers and partners.

“India has the talent, developers, and ambition to become a major center of AI innovation,” Chief Operating Officer Sachin Jain said in the announcement.

Why It Matters

The deal gives CoreWeave its first capacity in South Asia and adds to a push beyond its base in North America and Europe. The company entered Asia-Pacific in August with three facilities in Indonesia totaling 360 MW, according to Yahoo Finance, which also reported that CoreWeave had about 4.2 gigawatts of contracted power as of Aug. 11.

CoreWeave linked the expansion to the IndiaAI Mission, the government program that funds domestic compute capacity and AI development. Governments across Asia have been encouraging AI infrastructure built within their borders, and India has become a major destination for data center investment.

For AdaniConneX, the lease supports its plan to build 1 gigawatt of data center capacity in India. The developer is a joint venture between Adani Enterprises and EdgeConneX, the data center company owned by EQT.

The non-evaporative cooling choice matters for a site of this size: closed chilled-water loops consume far less water than evaporative cooling towers, although they typically use more electricity.

Context

The timeline is long. Mid-2028 means the first capacity will arrive well after the first Vera Rubin systems reach customers elsewhere, and CoreWeave has not named any Indian customers for the site. Investors gave a muted response: CoreWeave shares fell 2% in premarket trading after the announcement, Yahoo Finance reported.

What to Watch

Key milestones include construction progress at Taloja toward the mid-2028 first phase, whether CoreWeave exercises its option on the second 240 MW and which customers, Indian or international, sign up for capacity. The size of the local team CoreWeave builds in India will also indicate how much of the demand it expects to come from domestic AI developers.