Gujarat Fluorochemicals' Subsidiary GFCL EV Raises USD 80 Million, Adding to USD 50 Million from IFC

Gujarat Fluorochemicals Limited (GFL), India’s leading fluorochemicals company’s subsidiary GFCL EV, announced on 27th March, 2026, that it has raised approximately USD 80 million from a global marquee investor. This fundraising is in addition to the approximately USD 50 million already raised from the International Finance Corporation (IFC), a member of the World Bank Group (WBG). These capital raisings will drive high-value manufacturing, create jobs, strengthen positions in global supply chains, and advance energy security, transport electrification, and local value creation. GFCL EV, with its diversified battery materials offerings and strong credentials, aims to reinforce India’s emergence as a competitive player in the battery-materials value chain. GFCL EV in India has fully integrated manufacturing capabilities for battery chemicals with backward integration into key raw materials. Its current product portfolio includes battery chemicals – electrolyte salt LiPF6, electrolyte formulations, additives for enhanced performance, cathode active materials (LFP), and binders (both PVDF and PTFE), catering to both electric vehicle and energy storage sectors.