CapEx News

GFCL EV raises $80 million to scale battery materials business

Manufacturing Mar 31,2026

GFCL EV Products has raised $80 million from a global marquee investor to scale its advanced battery materials manufacturing. This funding, following an earlier $50 million from the IFC, will expand t

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IFC Invests US$ 50 million in GFCL EV’s battery materials plant

Power Generation Dec 08,2025

IFC has invested US$50 million in GFCL EV to develop India’s first integrated battery materials plant in Gujarat. The project will build end-to-end capacity for key EV components like cathodes and p

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