World’s first online crane rental platform Mycrane has been riding the wave of investment and expanded its operation into India. 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.

Mycrane’s experienced local partners Rajiv Waichal, based in Pune, Maharashtra, and Ganesh M. Patil, who is located in Surat, Gujarat, will handle operations in India. Pan-India expansion will follow in the coming months, the company said.

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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,” Geikalo said.

Seasoned industry experts, both Rajiv Waichal and Ganesh M. Patil were previously employed by Reliance Industries, a multinational conglomerate involved in energy and petrochemicals, among other sectors, and the largest private sector corporation in India.

Rajiv Waichal oversaw after-sales service for Tadano Cranes and was also employed by Terex India. Ganesh M. Patil is a certified mechanical engineer with two decades of experience working with material handling equipment and heavy commercial vehicles, previously employed by OEMs and crane manufacturers such as Tractors India, Grove and Manitowoc.