IFC Invests ~USD 50 Million in GFCL EV for India’s First Integrated Battery Materials Facility
IFC’s ~USD 50 million investment in GFCL EV marks a major push toward building India’s first fully integrated battery materials facility. The move strengthens India’s position in the global battery-materials value chain, while supporting the country’s clean-technology goals and advanced manufacturing ambitions.
December 05, 2025. By News Bureau
With diversified battery materials offerings and strong credentials, GFCL EV aims to reinforce India’s emergence as a competitive player in the global battery-materials value chain. Grounded in innovation and sustainability, the company will accelerate clean-technology adoption, lower emissions, and support India’s ambition to become a global hub for advanced battery materials.
GFCL EV’s fully integrated manufacturing capabilities span a comprehensive range of battery materials, supported by backward integration into key raw materials. Its product portfolio serves both the electric vehicle and energy storage sectors, encompassing battery chemicals such as electrolyte salt (LiPF₆), electrolyte formulations, and performance-enhancing additives, alongside cathode active materials like LFP, as well as essential binders including PVDF and PTFE.
On this occasion, Vivek Jain, Chairman, INOXGFL Group, said, “We are delighted to welcome IFC as a partner in GFCL EV. This milestone reinforces our vision for a greener future supported by IFC’s global expertise and commitment to sustainable development, aiding in accelerating India’s energy transition. IFC has a history of investing in sustainable businesses demonstrating long-term value creation. Their investment in GFCL EV is an endorsement of our differentiated model and growth trajectory. This partnership underlines our global leadership in battery materials and shall create long term sustainable value for existing shareholders.”
Dr Bir Kapoor, DMD and CEO, Gujarat Fluorochemicals, added, “This is IFC’s first investment in a battery materials company in India, marking a major milestone for India’s battery materials ecosystem. This capital raise enables us to scale up our manufacturing capacity for advanced battery materials strengthening India’s position in the global supply chain. GFCL EV stands among the few large-scale integrated battery materials manufacturers worldwide, with a portfolio that covers more than 50 percent of the LFP battery cell bill of materials.”
Imad N Fakhoury, Regional Division Director—South Asia, IFC, said, “We are happy to partner with GFCL EV on this milestone initiative to advance value‑added manufacturing in India. As the country scales its electric vehicle and energy‑storage sectors, India has a clear opportunity to strengthen domestic capacity in key battery materials, set new benchmarks for high‑performance supply chains, and secure its place in the global market for advanced energy technologies. This investment forms part of IFC’s programmatic efforts to strengthen India’s e‑mobility value chain, and is enabled by a One WBG approach that builds the market and localises global value chains, advancing the Make in India initiative. It will enable first‑of‑its‑kind greenfield battery manufacturing and build the capabilities India needs to play a larger role in high‑value components worldwide.”
Carsten Mueller, Regional Industry Director for Manufacturing, Agribusiness, and Services for Asia, IFC, said, “IFC’s partnership with GFCL EV will help build an integrated one-stop platform for battery materials—bringing key stages of the value chain under one roof and support faster localisation of India’s battery manufacturing sector. By building new and advanced domestic capacity, we aim to support India’s energy security, boost innovation mobilise additional private investment, link India more deeply to global growth markets in e-mobility and create high-skilled jobs.”
please contact: contact@energetica-india.net.
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