Funding · Professional & Local Services
MTandT Rentals raises Rs 100 crore from ValueQuest
By Startup Enthusiast ·
- Date
- Company
- MTandT Rentals
- What it does
- Aerial work platform and ground protection provider
- Kind
- Funding
- Amount
- Rs 100 crore
- Stage
- series-a
- Based in
- Chennai
What they do
MTandT Rentals provides aerial work platforms and ground protection solutions for industrial projects
What happened
It raised Rs 100 crore in its first institutional funding from ValueQuest S.C.A.L.E
Why it matters
Fund II; the company grew at over 48% CAGR from FY21 to FY25, driven by demand in airports and renewable energy
The details
- MTandT Rentals raised Rs 100 crore from ValueQuest S.C.A.L.E. Fund II.
- The company will benefit from demand in airports, renewable energy, metro rail, and data centers.
- Previously, it raised Rs 62 crore from early-stage investors and family offices.
- The funds will be used for expansion across India and servicing larger projects.
- The company aims to improve asset utilization and reduce turnaround times.
- It also plans to increase operational efficiency.
The bigger picture
- The company benefits from demand in airports, renewable energy, and semiconductors.
- Other demand drivers include metro rail, data centers, and warehousing.
- MTandT Rentals grew at over 48% CAGR from FY21 to FY25.
About the business
- MTandT Rentals provides aerial work platforms and ground protection solutions.
- Its products include boom lifts, scissor lifts, spider lifts, and PortaDeck composite mats.
- It offers equipment maintenance, operator training, and technical support.
- The company is headquartered in Chennai.
- It serves industrial projects in sectors like airports and renewable energy.
What happens next
- The company will use the funds for expansion across India.
- It will focus on servicing larger and more complex projects.
- Plans include improving asset utilization and reducing turnaround times.
The deal
- Type
- funding
Investors
- ValueQuest S.C.A.L.E. Fund II (lead) — ValueQuest S.C.A.L.E. Fund II is an investment fund that led this round.
Founders
- Rakesh Modi, Founder and leader
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