Gujarat Fluorochemicals subsidiary GFCL EV secures $80 million from global marquee investor
The latest funding, following IFC’s earlier $50 million, will support advanced battery materials manufacturing, employment generation and India’s role in global clean-tech supply chains
Gujarat Fluorochemicals Ltd.'s subsidiary GFCL EV, an integrated battery materials company, has raised approximately $80 million from a global marquee investor, according to an exchange filing. This fundraising follows an earlier $50 million raise from the International Finance Corp. (IFC), a member of the World Bank Group, bringing the total capital raised to $130 million.
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