MyCrane signs MOU with Equip9

Online crane rental platform MyCrane and aggregated digital platform Equip9 signed a Memorandum of Understanding (MOU) at construction equipment event Excon, which took place in Bangalore, India in December.

Based in Pune, India, Equip9 is an AI-enabled start-up that has developed a heavy equipment app. According to MyCrane it has over 30,000 registered users who comprise operators, mechanics, rental equipment and owners, resellers, virtual dealerships, suppliers, financiers, e-learning and other entities.

The two companies will work together on technical and commercial projects focussing on how AI can be used to power recommendation and selection models, including those to identify the most appropriate lifting equipment, or rental provider.

Under the terms of the MOU, MyCrane will assist Equip9 in expanding its reach beyond India, especially in the Middle East, while Equip9 will help MyCrane increase its penetration in the Indian market. MyCrane announced the launch of wholly-owned operations in India in September 2023, following the appointment of experienced industry partners Rajiv Waichal and Ganesh M. Patil.

“Both MyCrane and Equip9 share a common interest in ensuring the construction sector reaps the benefits of digitalisation that are present in many other segments,” said Andrei Geikalo, CEO and founder of MyCrane.

“With this agreement we are establishing a formal basis of collaboration to better assist our customers, providing them with the best digital tools to help them to work more efficiently, while increasing sustainability and reducing waste at the same time.

“By partnering with Equip9, MyCrane will continue to innovate and offer the most advanced technology, and I am particularly excited to explore how AI might be used to match our customers with the most appropriate crane supplier. By joining forces, we will also be able to boost our visibility in a critical market for MyCrane.”

Gaurav Bhushan, founder of Equip9, added: “Collaboration among start-ups cultivates innovation and sustainable growth. A faster search with the Equip9 app and the dedicated crane rental platform of MyCrane will make the construction and heavy equipment business easy.”