MTandT Rentals, a provider of aerial work platforms and ground protection access solutions, has raised Rs 100 crore from ValueQuest S.C.A.L.E. Fund II. The Chennai based company had earlier raised Rs 62 crore from early-stage investors and family offices. This marks its first private equity or institutional funding. The fresh funds will be used to support the next phase of growth and expansion across India, the company said in a press release.

The company plans to use the funds to service large and complex projects with higher asset utilization, faster turnaround times and improved operational efficiency. It is also positioned to benefit from rising demand across sectors such as airports, renewable energy, semiconductors, metro rail, data centers, warehousing and large industrial facilities. MTandT Rentals reported a CAGR of over 48 percent during FY21 to FY25.

About MTandT Rentals

MT and T rentals has been founded by Rakesh Modi. MTandT Rentals provides equipment solutions for infrastructure, industrial and construction sectors, focusing on safety, reliability and operational efficiency. Its offerings include aerial work platforms such as boom lifts, scissor lifts and spider lifts, along with ground protection access solutions like PortaDeck composite mats. It also provides services such as equipment maintenance, operator training and technical support.