London-headquartered Gorilla Technology Group (NASDAQ: GRRR) has raised aggregate gross proceeds of $232 million from two bond financings, directing the capital toward AI infrastructure programs in Indonesia, India, and Thailand.

In a statement on Tuesday, Gorilla Technology, said the the most recent financing of $125 million would help the deployment of NeutraDC Batam program in Indonesia, while the earlier financing supports Gorilla’s equity contribution to the Yotta 2 program in India.

The company said both financings provide the corporate equity component required to unlock larger project-level and asset-backed financing packages, with separate debt financing offers covering approximately 70 percent of expected GPU, networking, and related infrastructure costs for the NeutraDC Batam program.

In Indonesia, the NeutraDC Batam program supports a signed five-year AI compute infrastructure contract representing $2.5 billion of expected revenue. The first phase of $1.3 billion is slated for deployment in September 2026 and December 2026. The remaining contracted capacity is set for delivery in the first half of 2027.

In India, Yotta 1 program comprises 640 high-performance servers with 5,120 GPUs, funded from existing cash resources, with the 640 servers expected to be built, shipped, and deployed by end of August 2026. The program can contribute $500 million of revenue over five years.

Yotta 2 program can support the deployment of an additional 20,736 next-generation GPUs and carries an estimated project value of $2.5 billion under the current commercial framework.

In Thailand, Gorilla is advancing the Korat 200MW campus toward commercialization. At full capacity, the facility can support 100,000 to 110,000 next-generation GPU equivalents.

Jay Chandan, Chairman and CEO of Gorilla Technology, said the $125 million capital raise is enabling execution of a signed contract worth $2.5 billion of expected revenue over five years.

Southeast Asia’s $30 billion data center boom is racing into a power wall