FCC

MYCRANE invests in India as expansion continues

2023-10-11

Online crane rental platform MYCRANE announced the launch of wholly-owned operations in India on day one of the Conex construction trade show, currently taking place in Gandhinagar, Gujarat (September 21-23).

Substantial investment from a Series A round has facilitated a global rollout of MYCRANE, which uses tech solutions to drive efficiency in the wider construction sector. Its most well-known tool is the world’s first online crane rental service, accessible at www.my-crane.com.

Operations in India will be handled by MYCRANE’s experienced local partners Rajiv Waichal, based in Pune, Maharashtra, and Ganesh M. Patil, who is located in Surat, Gujarat. Pan-India expansion will follow in the coming months.

MYCRANE founder and CEO Andrei Geikalo, said: “India is forecast to be one of the fastest growing large economies in 2023, and for the next five years. Whether it’s a record order of new aircraft from Airbus and Boeing, new semi-conductor facilities being built in Gujarat or countless infrastructure projects in Mumbai, India’s rise is not in question.

“This growth is driven by digitalisation – something that’s obvious to any visitor here, who will have noticed QR codes at every humble food stall and the huge take-up of mobile phone payments. MYCRANE is delighted to be present in one of the world’s most exciting commercial markets - at a truly exciting time.”