MYCRANE Trading Gets $50M Boost for UAE Launch
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..
BorgWarner Secures Major Electric Motor Deal with Leading Chinese Automaker
BorgWarner has won a significant contract from a major Chinese original equipment manufacturer (OEM) to supply advanced electric motors for its new energy vehicle (NEV) lineup. The platform-based motor design supports a wide range of applications, including battery electric and hybrid models, and integrates BorgWarner’s ultra-short hairpin welding process for improved compactness and space efficiency.“This contract represents another milestone in the growth of our electric motor business in China,” said Dr Stefan Demmerle, Vice President of BorgWarner Inc. and President and General Manag..
Torrent Power Issues 200 MW Renewable Energy Tender with Battery Storage
Torrent Power has floated a Request for Selection (RfS) to procure 200 MW of firm and dispatchable renewable energy (FDRE) integrated with an energy storage system (ESS), along with a greenshoe option for an additional 100 MW.The projects can be set up anywhere in India, with power supplied to the Central Transmission Utility/interstate transmission system (ISTS) network at a location specified in the power purchase agreement (PPA). Eligible technologies include solar, wind, wind–solar hybrid, or other renewable systems paired with ESS, with the storage charged solely from renewable sources...
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