GFCL EV, GFL's subsidiary, raised ~USD 80 million from a global marquee investor in addition to USD 50 million from IFC.
Total capital raised reaches USD 130 million to scale advanced battery materials manufacturing and strengthen global supply chain position.
GFCL EV manufactures LiPF6, LFP cathode materials, and PVDF/PTFE binders for EV and energy storage sectors in India.