GFCL EV Merchandise, a subsidiary of Gujarat Fluorochemicals (GFL), has secured an funding of ~$50 million (~₹4.5 billion) from the Worldwide Finance Company (IFC) to develop an built-in battery materials facility.
The funding is being raised via subscription of compulsorily convertible devices.
GFCL EV has totally built-in manufacturing capabilities for battery chemical compounds, with backward integration into key uncooked supplies, and its product portfolio caters to each the electric-vehicle and energy-storage sectors.
The power will have the ability to manufacture the electrolyte salt lithium hexafluorophosphate, electrolyte formulations, and components for enhanced efficiency. Its product portfolio may also embody cathode energetic supplies and binders equivalent to polyvinylidene fluoride and polytetrafluoroethylene.
IFC stated that funding is a part of its efforts to strengthen India’s e-mobility worth chain and advance the ‘Make in India’ initiative.
The power is anticipated to be the primary‑of‑its‑type greenfield battery manufacturing facility and construct the capabilities India must play a bigger function in excessive‑worth elements worldwide.
GFL is a producer of fluoropolymers, fluorochemicals, and battery supplies. It’s a part of the ~$18 billion (~₹1.62 trillion) INOXGFL Group, which is primarily centered on two enterprise verticals—chemical compounds and renewable power.
In September 2025, Inox Photo voltaic, a subsidiary of INOXGFL, partially commissioned 1.2 GW of its 3 GW photo voltaic module manufacturing plant in Bavla, Ahmedabad, Gujarat. The manufacturing plant was established in 4 months. Within the subsequent part, Inox plans so as to add 1.8 GW of module manufacturing capability on the plant.
In keeping with India’s Vitality Storage Panorama 1H 2025 Report by Mercom Analysis, India added 48.4 MWh of power storage capability within the first half of 2025, a 74% decline from 186 MWh added in the identical interval final 12 months. India’s cumulative put in power storage capability reached 490 MWh by the tip of June 2025. As of June 2025, India had about 13.7 GWh of standalone battery storage below growth.
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