MYCRANE Trading Gets $50M Boost for UAE Launch

12 Aug 2025 CW Team

MYCRANE Trading, a newly formed crane sales, leasing, and maintenance provider headquartered in Dubai’s Jebel Ali Free Zone, has secured $50 million in funding from a DIFC-based investment holding company to launch its UAE operations.

In partnership with MYCRANE, the world’s first global online crane rental platform, MYCRANE Trading will merge physical inventory with digital marketplace capabilities to deliver seamless sales and rental services across the Gulf Region. The combined portfolio will cover all terrain, crawler, rough terrain, and tower cranes, each backed by certified inspection and safety documentation.

“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-owning users, meeting urgent purchase needs with verified equipment at competitive prices.”

From its Jebel Ali base, MYCRANE Trading will serve global clients with a focus on the Middle East, Africa, CIS, and Asia, leveraging MYCRANE’s established buyer–seller network, market data, and digital reach to provide transparent, competitive transactions.

A dedicated UAE-based management team has been appointed, including 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 follows MYCRANE’s recent milestones, including international expansion, new platform features, and three industry award wins in 2025.

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