IFC Invests $50 Million in Gujarat Fluorochemicals’ EV Subsidiary.

Gujarat Fluorochemicals (GFL) recently announced that the International Finance Corporation (IFC) will invest about $50 million in its subsidiary, GFCL EV Products (GFCL EV), through compulsorily convertible instruments to help establish India’s first integrated battery materials facility.

According to the company, the partnership is expected to boost high-value manufacturing, generate employment, strengthen India’s presence in global supply chains, and advance national goals related to energy security, transport electrification, and domestic value creation.

GFCL EV, which offers a diversified portfolio of battery materials, aims to strengthen India’s position as a competitive player in the global battery-materials market. With a focus on innovation and sustainability, the company plans to accelerate clean-technology adoption, reduce emissions, and support India’s ambition to become a global hub for advanced battery materials.