HomeUAEMYCRANE Trading Raises $50M to Launch in UAE

MYCRANE Trading Raises $50M to Launch in UAE

MYCRANE Trading Raises $50M to Launch in UAE

MYCRANE Trading, a new company that sells, rents, and maintains cranes, is based in Dubai’s Jebel Ali Free Zone. It has secured $50 million in funding from an investment company in DIFC to launch its operations in the UAE.

In partnership with MYCRANE, the world’s first global online crane rental platform, MYCRANE Trading will combine physical crane inventory with digital marketplace features.

This will provide smooth sales and rental services across the Gulf Region, covering all types of cranes including all-terrain, crawler, and rough-terrain cranes.

“We’re seeing strong global demand for both new and used cranes, along with increased interest from owners to monetise surplus equipment,” said Andrei Geikalo, Founder of MYCRANE and CEO of MYCRANE Trading. “This venture allows us to instantly connect sellers with our platform’s thousands of fleet-o.

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Based in Jebel Ali, MYCRANE Trading will serve clients worldwide, focusing on the Middle East, Africa, CIS, and Asia. It will use MYCRANE’s strong buyer-seller network, market data, and online platform to offer clear and competitive deals.

A dedicated management team based in the UAE has been appointed, with Sudheesh Mohan as Head of Sales and Marketing and Mina Asham as Head of Tower Cranes.

“This partnership blends the efficiency of our online marketplace with the trust and reliability of a physical operations base,” said Ashishkumar Tiwari Sales Director at MYCRANE. “Every crane is sourced with full documentation and inspection, ensuring our customers buy with confidence.”

The launch comes after MYCRANE’s recent achievements, including expanding internationally, adding new platform features and winning three industry awards in 2025.

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