Gujarat Fluorochemicals, India’s leading fluorochemicals company, has announced that its subsidiary, GFCL EV, has raised approximately $80 million from a global marquee investor. 

 

This comes on top of $50 million already secured from the International Finance Corporation (IFC), a member of the World Bank Group.

 

The capital infusion will drive high-value manufacturing, create jobs, strengthen global supply chain positioning, and advance priorities in energy security, transport electrification, and local value creation.

 

With a diversified battery materials portfolio and robust credentials, GFCL EV aims to reinforce India’s emergence as a competitive player in the battery-materials value chain. Grounded in innovation and sustainability, the company will accelerate clean-technology adoption and lower emissions.

 

GFCL EV in India boasts fully integrated manufacturing capabilities for battery chemicals, with backward integration into key raw materials.

 

Vivek Jain, Chairman, INOXGFL Group, said: “We are delighted to welcome another marquee investor after IFC as our partner in GFCL EV. This round of financing further reinforces our vision for a greener future supported by IFC’s global expertise and commitment to sustainable development, aiding in accelerating India’s energy transition. These partnerships underline our leadership in battery materials and shall create long term sustainable value for existing shareholders.”

 

Bir Kapoor, DMD and CEO, Gujarat Fluorochemicals, added: “Together we have achieved Capital raise of 130 million USD, which will enable us to scale up our manufacturing capacity for advanced battery materials strengthening our position in the global supply chain."