GFCL EV Lands $50M IFC Investment for Battery Materials

Gujarat Fluorochemicals (GFL) has announced that the International Finance Corporation (IFC) will invest about $50 million in its subsidiary, GFCL EV Products (GFCL EV), through compulsorily convertible instruments to support the development of India’s first integrated battery-materials facility.

According to the company, the partnership will promote high-value manufacturing, create employment opportunities, strengthen India’s role in global supply chains, and advance national objectives related to energy security, transport electrification, and domestic value creation.

GFCL EV, which offers a diversified portfolio of battery materials, aims to bolster India’s competitiveness in the global battery-materials market. With an emphasis on innovation and sustainability, the company plans to accelerate clean-technology adoption, reduce emissions, and support India’s ambition to emerge as a global hub for advanced battery materials.

News by Rahul Yelligetti.