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."
