Latest news with #Mycrane
Yahoo
a day ago
- Business
- Yahoo
Dubai's crane leasing provider Mycrane Trading secures $50m investment
Mycrane Trading, a newly formed crane sales, leasing, and maintenance services provider in the Jebel Ali Free Zone, Dubai, has secured a $50m investment from a Dubai International Financial Centre-based investment holding company. Through a partnership with Mycrane, a global online crane rental platform, Mycrane Trading aims to integrate physical inventory and the former's digital reach to enhance crane sales and leasing in the Gulf Middle East region, according to a press release posted on Zawya. By leveraging Mycrane's existing platform, both companies will enhance their offerings. The combined portfolio of sales and rentals will include all-terrain, crawler, rough-terrain, and tower cranes, each with certified inspection and safety reports. Mycrane CEO and founder Andrei Geikalo said: "We've seen rising global demand for both new and used cranes, and growing appetite from asset owners to monetise surplus equipment. "With Mycrane Trading as a key partner, we can now respond directly to this demand by instantly connecting sellers with the rental platform's thousands of fleet-owning users, many of whom have urgent purchase needs. 'Whether purchasing locally or internationally, Mycrane Trading customers can access genuine machines at the best possible prices, supported by expert sourcing, rigorous checks and a dedicated customer service team.' The business will focus on the Middle East, Africa, Commonwealth of Independent States (CIS), and Asia. A management team, including Sudheesh Mohan as head of sales and marketing and Mina Asham as tower crane head, has been recruited. Mycrane sales director Ashishkumar Tiwari said: "Mycrane Trading combines the efficiency and reliability of our digital marketplace with a physical base at Jebel Ali Free Zone. 'Every crane is carefully sourced, with full documentation and inspection available, giving customers trusted access to verified equipment at competitive prices. "This partnership follows a series of Mycrane growth milestones, including ongoing international expansion, new platform features, and three separate industry award wins in 2025." "Dubai's crane leasing provider Mycrane Trading secures $50m investment" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Trade Arabia
2 days ago
- Business
- Trade Arabia
Mycrane Trading raises $50m to launch UAE operations
Mycrane Trading, a newly established crane sales, leasing and maintenance services provider, based in Jebel Ali Free Zone, Dubai, has announced the successful closing of a $50 million investment deal with a DIFC-based investment holding company. In partnership with Mycrane, the first global platform for online crane rental, Mycrane Trading will integrate physical inventory and digital reach to deliver seamless access to sales and rentals in the Gulf region. By leveraging the existing platform, both companies will enhance their joint offering through this strategic alliance. Their combined sales and rental portfolio will include all-terrain, crawler, rough-terrain and tower cranes, each accompanied by certified inspection and safety reports. "We've seen rising global demand for both new and used cranes, and growing appetite from asset owners to monetise surplus equipment," remarked Andrei Geikalo, the founder of Mycrane and CEO of Mycrane Trading. "With Mycrane Trading as a key partner, we can now respond directly to this demand by instantly connecting sellers with the rental platform's thousands of fleet-owning users, many of whom have urgent purchase needs," he explained. Whether purchasing locally or internationally, Mycrane Trading customers can access genuine machines at the best possible prices, supported by expert sourcing, rigorous checks and a dedicated customer service team," he stated. Mycrane Trading will leverage its partner's established network of global crane buyers and sellers, as well as its digital reach and market data, to provide competitive and transparent equipment sales. The business will serve customers worldwide, with a particular focus on the Middle East, Africa, CIS and Asia. A dedicated management team has been recruited to run the new operation, including the appointment of Sudheesh Mohan as Head of Sales and Marketing, and Mina Asham as Head of Tower Cranes, both based in the UAE. Ashishkumar Tiwari, Mycrane Sales Director, said: "Mycrane Trading combines the efficiency and reliability of our digital Marketplace with a physical base at Jebel Ali Free Zone. Every crane is carefully sourced, with full documentation and inspection available, giving customers trusted access to verified equipment at competitive prices." "This partnership follows a series of Mycrane growth milestones, including ongoing international expansion, new platform features, and three separate industry award wins in 2025," he noted. Geikalo said: "Our mission has always been to simplify crane procurement. This new collaboration allows us to do that — not just for rentals, but for ownership too." Mycrane Trading is a full service provider of crane solutions, specialising in the purchase, lease and sale of heavy construction equipment, spare parts and accessories.-TradeArabia News Service
Trade Arabia
12-05-2025
- Business
- Trade Arabia
Mycrane wins ‘Startup of the Year' award
Mycrane, the first global platform for online crane rental, has been named Startup of the Year at the Construction Technology Awards, held on May 1 in Dubai. The annual awards celebrate the most impactful digital transformation in the built environment across the Middle East and Africa, with entries evaluated for innovation, traction, scalability and benefit realisation. Mycrane received the award in recognition of its success in modernising the crane rental industry, delivering a platform that streamlines the procurement of lifting equipment and improves outcomes for both customers and equipment providers. It acknowledges the strength of the testimonials supplied by Mycrane's global users and equipment suppliers. 'This award affirms our commitment to introducing digital innovation in a sector that is now embracing new, more efficient ways of working,' said Andrei Geikalo, founder and CEO of Mycrane. 'By providing a smart, efficient and transparent way to source cranes online, we are helping companies complete their projects faster, more cost-effectively and with less environmental impact.' Founded in 2021, Mycrane is headquartered in Dubai with regional operations in India, Saudi Arabia and the USA. Since launch, the platform has attracted more than 1,700 registered crane rental companies offering in excess of 14,000 cranes -- giving customers access to what is effectively the largest crane fleet in the world. Mycrane clients can easily submit details of their lifting requirements via the platform to receive personalised quotes from verified suppliers, avoiding the need for multiple manual enquiries. The company also operates an online Marketplace for buying and selling new and used lifting equipment. Mycrane's success at the 2025 CTF Awards places the company firmly among the construction industry's most forward-thinking innovators, the company said. The event recognised a host of high-profile names across its shortlist and winners' list, including NEOM, Nesma & Partners, Saudi Binladin Group, El Seif Engineering Contracting Company, Dubai Municipality, Trojan Construction, and AtkinsRéalis.
Trade Arabia
04-03-2025
- Business
- Trade Arabia
Mycrane wins prestigious EPC award at India event
Mycrane, the first global platform for online crane rental, last month received a prestigious award celebrating innovation in the fields of engineering, infrastructure and construction. The Dubai-based entity had scooped the 'Global Platform For Innovative Online Crane Rental' prize at the 11th annual EPC World Awards held in New Delhi, India. The award follows a period of sustained growth for Mycrane in India, where the platform now has over 1,300 users which includes more than 550 customers, generating hundreds of rental enquiries every month. Mycrane continues to add 10% more users monthly. Its valued clients in India include the largest industrial names, such as Larsen & Toubro, Tata, KP Energy, Macawaber Beekay, Birla Corp, Megha Engineering and NCC, as well as global brands including Linde, Technip, Thyssenkrupp, ArcelorMittal Nippon Steel and Siemens Gamesa. Worldwide, Mycrane has more than 1,700 registered crane rental companies offering in excess of 14,000 cranes – collectively forming the biggest fleet of cranes in the world. Mycrane founder and CEO Andrei Geikalo said: "This award reaffirms our mission to benefit the entire crane rental industry by providing a seamless, digital-first solution that enhances efficiency and transparency." "We dedicate this award to our incredible team, partners and clients who continue to support our vision," he stated. "As Mycrane expands in India, we remain committed to making crane rental faster, easier, and more rewarding for all involved," he added. Ashishkumar Tiwari, regional sales director for India and Middle East, said: "By connecting customers with nearby cranes, Mycrane helps reduce rental costs and encourages competition, benefiting both customers and suppliers." "With hundreds of monthly enquiries on Mycrane, our suppliers can quickly deploy their machines, leading to higher profitability and better equipment utilization," remarked Tiwari.
