EquipmentShare has announced $ 20 m in funding to bring more efficiency to the buying , selling and lending of construction equipment . About 1,000 companies and contractors use it 's marketplace , which includes equipment such as forklifts , mobile generators , and drill rigs . Rental rates are based on equipment weight , with the start - up taking a cut from every transaction . The company is now focused on its fleet management software , ES Track , that can track the location , condition and use of a fleet in real time through automated data collection . The new product is planned for launch in September .
EquipmentShare has announced $20m in funding to bring more efficiency to the buying, selling and lending of construction equipment. About 1,000 companies and contractors use EquipmentShare's marketplace, which lists equipment such as forklifts, mobile generators, and drill rigs. Rental rates are based on equipment weight, with the start-up taking a cut from every transaction. The company is now focused on its fleet management software, ES Track, that can track the location, condition and use of a fleet in real time through automated data collection. The new product is planned for launch in March.