10 New Heavy Equipment Rental Companies | StartUs Insights (2024)

Related topics: Heavy Equipment Companiesheavy equipment rental softwareheavy equipment rental solutionsnew companiesNew Heavy Equipment

This article provides an overview of 10 new heavy equipment rental companies. These firms offer sustainable equipment rental, heavy equipment management, online crane rental, and more. Their solutions also include digital equipment management platforms and Internet of Things (IoT)-enabled asset monitoring systems, among other technologies. This overview highlights the innovative approaches these companies bring to the market, emphasizing the evolving landscape of heavy equipment rental. The last update of this report was 5 days ago. If you spot incomplete or incorrect info, please let us know.

Continue reading to gain up-to-date and data-driven insights on:

• Profiles of 10 Emerging Heavy Equipment Rental Companies
• How to Scout Top Heavy Equipment Rental Solutions Easily

Key Takeaways

Drawing insights from the Big Data & AI-powered StartUs Insights Discovery Platform that provides data on over 4.7+ million emerging companies globally, we explore the evolving landscape of the heavy equipment rental industry. This sector is marked by key trends and a substantial workforce, shaping its future. Here are some key insights at a glance:

• Current Heavy Equipment Rental Trends: Some of the major trends impacting the heavy equipment rental industry are electrification, remote asset monitoring, autonomous machinery, as well as AI and machine learning integration.
• Heavy Equipment Rental Industry Stats: The sector comprises 39.8K+ organizations worldwide. Out of these, 1.4K+ new heavy equipment rental companies were founded in the last five years, with 2020 as the average founding year. On average, each of these companies employs about 14 people. Moreover, the average funding received by these 1.4K+ new heavy equipment rental companies per round in the same span is USD 15.1 million.
• 10 New Heavy Equipment Rental Companies to Watch:
  1. InfraFleet – Sustainable Equipment Rental
  2. Agrix – Agri Machinery Rental
  3. Quipli – Equipment Rental Software
  4. Equiptal – Heavy Equipment Management
  5. Smartyard – Construction Machinery Rental
  6. MYCRANE – Online Crane Rental
  7. Heevi – On-Demand Equipment Inventory Access
  8. KEY2ASSET – Rental Equipment Monitoring
  9. Nomad Plant – Wet Hire for Construction Equipment
  10. RendaloMaq – Construction Equipment Rental

Discover 10 out of 1.4K+ Emerging Heavy Equipment Rental Companies

In this section, we spotlight 10 new heavy equipment rental companies offering construction machinery and equipment rental, sustainable machines, and more. These firms integrate digital platforms, IoT, and advanced analytics to simplify asset tracking and management. They also leverage real-time data, automation, and streamlined interfaces to enhance operational efficiency and project connectivity. Read on to explore the innovative solutions these companies offer across diverse applications in the heavy equipment rental industry.

Note on Signal Strength
One of the unique metrics we feature for each company is Signal Strength, a proprietary data point generated by our Discovery Platform. It gauges the extent to which a company’s influence has permeated the global ecosystem of startups, scaleups, and emerging companies. This proprietary metric serves as a valuable guidepost for understanding a company’s standing in the broader market landscape.

1. InfraFleet

• Founding Year: 2022
• Employee Range: 2-10
• Location: UK
• Signal Strength: Very Strong
• What they do: InfraFleet offers sustainable heavy equipment rental and leasing solutions for infrastructure maintenance and construction projects. Its rental platform offers an electric van mounted access platform and an off-grid mobile welfare unit. InfraFleet’s equipment benefits contractors and project managers by providing cost-effective, emission-free alternatives to traditional diesel machinery.

2. Agrix

• Founding Year: 2020
• Employee Range: 11-50
• Location: India
• Signal Strength: Very Strong
• What they do: Agrix provides heavy equipment rental services to enhance farm mechanization. Its smartphone app allows farmers to manage the rental of farm machinery. The app also offers a digital farm management system that combines hyperlocal data collection for crop health and farmer finances. Farmers use this for digital maps and real-time yield predictions, facilitating better planning and market linkage with off-takers while reducing downtime and operational costs.

3. Quipli

• Founding Year: 2020
• Employee Range: 11-50
• Location: USA
• Signal Strength: Very Strong
• What they do: Quipli’s platform facilitates heavy equipment renting. The platform simplifies inventory management by tracking and servicing the company’s equipment. Its e-commerce capabilities allow rental companies to conduct transactions online to enhance accessibility and efficiency. Additionally, the platform integrates billing, invoicing, and payments for improved financial management.

4. Equiptal

• Founding Year: 2022
• Employee Range: 11-50
• Location: Saudi Arabia
• Signal Strength: Very Strong
• What they do: Equiptal develops an online marketplace and data platform for equipment owners and renters. The company integrates telematics gateways into equipment with onboard electronic control modules (ECMs) to capture and transmit sensor data, which is then used by the platform for analysis and monitoring. This data feeds into a central database for processing and is accessible through customizable dashboards or APIs. The company’s rule engine further analyzes the data to offer insights into actionable machine states and performance metrics. Equipment and site managers leverage the platform to centralize project data and improve operational efficiency.

5. Smartyard

• Founding Year: 2019
• Employee Range: 11-50
• Location: Belgium
• Signal Strength: Medium
• What they do: Smartyard streamlines construction machinery and equipment rental and leasing. Its digital platform connects equipment owners with renters to provide a broad network for transactions. Additionally, it supports real-time tracking for delivery accuracy and offers overviews of current rentals to improve asset visibility. This promotes better project management and reduces overhead through automated processes. Consequently, this enables construction companies and individual contractors to manage their assets more effectively.

6. MYCRANE

• Founding Year: 2020
• Employee Range: 11-50
• Location: UAE
• Signal Strength: Very Strong
• What they do: MYCRANE offers an online rental platform for cranes. Customers benefit from features like the Crane Selector Tool, which assists in choosing the appropriate crane type and capacity. The company streamlines contract management and proposal tracking, improving efficiency for both renters and crane rental companies. Rental companies also gain access to a broad customer base, streamline fleet management, and enhance profitability through the platform’s digital toolbox.

7. Heevi

• Founding Year: 2020
• Employee Range: 2-10
• Location: Turkey
• Signal Strength: Very Strong
• What they do: Heevi simplifies the rental process for machines and commercial vehicles. It allows users to rent machinery by hour, day, or month, as well as locate and rent equipment based on specific filters. It offers features such as real-time map listing and direct communication with contractors and employers. This service benefits contractors and employers by facilitating smoother operational flows and equipment access.

8. KEY2ASSET

• Founding Year: 2019
• Employee Range: 11-50
• Location: Netherlands
• Signal Strength: Medium
• What they do: KEY2ASSET provides a smart monitoring platform for heavy equipment rental and management. It features access control, monitoring, and billing to manage equipment usage comprehensively. The company’s hardware unit supports multiple connectivity options, like wifi, Bluetooth, and LTE-M, to ensure reliable data transmission. This allows clients to leverage real-time insights into equipment usage, location, and operational status. Further, the platform supports pay-per-use billing, directly linking equipment usage with client invoicing for precise cost allocation. This technology enables rental companies, logistics operators, and infrastructure managers to ensure efficient asset management and security.

9. Nomad Plant

• Founding Year: 2021
• Employee Range: 2-10
• Location: Australia
• Signal Strength: Weak
• What they do: Nomad Plant digitizes the plant hire process and tracks internal fleet management for civil contractors. The company’s platform allows civil contractors to streamline the procurement of wet and dry plant suppliers. It enhances visibility from the initial inquiry to on-site equipment deployment, centralizing rental data. Further, the company aids in internal fleet tracking, as well as enables civil contractors to make informed decisions based on analytics of asset utilization, market rates, and hiring patterns.

10. RendaloMaq

• Founding Year: 2020
• Employee Range: 11-50
• Location: Chile
• Signal Strength: Very Strong
• What they do: RendaloMaq offers a rental platform that facilitates the quotation process for renting or purchasing earth-moving equipment, telescopic arms, scissor lifts, and more. Through the platform, suppliers, contractors and project managers easily select from a wide array of machinery and request quotes for daily, monthly, or project-based rentals. The platform also simplifies the transaction process by facilitating communication and negotiation between suppliers and renters. Additionally, it provides real-time tracking and management tools for suppliers to monitor their equipment efficiently.

Quick Tip to Find New Heavy Equipment Rental Solutions

Utilizing a SaaS platform like the Discovery Platform for identifying new heavy equipment rental solutions provides significant benefits compared to traditional scouting methods:

• Increased Efficiency: The Discovery Platform offers advanced tools that streamline the scouting process. It replaces your hours of conventional desk research, saving time and resources in identifying heavy equipment rental innovations.
• Access to Real-time Insights: Gain a competitive edge with up-to-date information on the latest trends in the heavy equipment rental sector. The platform keeps you informed with near real-time updates on emerging heavy equipment rental solutions and news, enabling you to make swift and informed decisions.
• Tailored Exploration: Customize your search to focus on specific niches within the heavy equipment rental sector, such as construction equipment rental, on-demand machine access, or equipment inventory management. The platform’s diverse filtering options allow you to target your scouting efforts precisely, ensuring that you find the most relevant and groundbreaking companies in the field.

Ready to Explore All New Heavy Equipment Rental Companies?

This overview highlights just a few heavy equipment rental solutions from all 1.4K+ new companies currently covered by the Discovery Platform. To explore them all, book a personalized demo or download one of our free Industry Innovation Reports for a quick overview. We seek partnerships with industry experts to deliver actionable insights into startups and tech. Interested? Let us know!

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