GFCL EV Secures $80 Million Investment, Totaling $130 Million for EV Battery Growth

• Gujarat Fluorochemicals' subsidiary GFCL EV raised $80 million from a global investor, adding to $50 million from IFC.
• The combined $130 million capital will boost high-value manufacturing, create jobs, and strengthen global supply chains.
• Funds will support energy security, transport electrification, and local value creation.
• GFCL EV aims to reinforce India's position in the global battery materials value chain with its diverse product portfolio.
• The company's product range includes electrolyte salt LiPF6, electrolyte formulations, LFP, and binders like PVDF and PTFE.