GFCL EV
GFCL EV Products Limited, a wholly-owned subsidiary of Gujarat Fluorochemicals Limited (part of INOXGFL Group), manufactures battery intermediate chemicals — including LiPF6, NaPF6, LiFSI salts, electrolyte formulations, PVDF binders, and LFP cathode active material — for global lithium-ion and sodium-ion battery cell manufacturers, automotive OEMs, and energy storage providers, with backward integration into Morocco fluorspar and commercial-scale production in Gujarat, India.
- Company typePrivate
- Founded2023
- HeadquartersNoida, India
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What GFCL EV does
GFCL EV Products Limited is an India-incorporated specialty chemicals company that manufactures intermediate materials for lithium-ion and sodium-ion batteries, serving global battery cell manufacturers, automotive OEMs, energy storage system providers, and 3C consumer electronics brands. Founded in 2023 as a wholly-owned subsidiary of Gujarat Fluorochemicals Limited (GFL), part of the INOXGFL Group, the company leverages over 90 years of fluorine chemistry expertise from its parent to produce a vertically integrated battery materials portfolio. The product range spans battery salts (Lithium Hexafluorophosphate / LiPF6, Sodium Hexafluorophosphate / NaPF6, Lithium Bis(fluorosulfonyl)imide / LiFSI), electrolyte additives (Vinylene Carbonate / VC, Fluoroethylene Carbonate / FEC), custom electrolyte formulations, fluoropolymer binders (Inoflar PVDF and PTFE), and Lithium Ferro Phosphate (LFP) cathode active material — covering the full battery value chain from cell components to module assembly.
The underlying technology platform is built on backward integration from fluorspar mining (Morocco) through fluoropolymer and salt production to finished battery-grade materials, with India's first fully integrated battery materials facility located at Jolva near Bharuch, Gujarat. Manufacturing operations also span Dahej and Ranjitnagar in Gujarat, plus a greenfield facility under development in Salalah Free Zone, Oman. Distribution is managed through wholly-owned subsidiaries and sales offices in Hamburg (Germany) and Texas (USA), with additional offices in Michigan, Philadelphia, Atlanta, and New Jersey, and warehouses across the US, Germany, and India, reaching 16+ countries.
Commercially, GFCL EV operates as a B2B enterprise supplier using direct, sales-led relationships and long-term contracts with global cell manufacturers, supported by a Technical Sales Support (TSS) request process and quote-based pricing. The company transitioned to commercial-scale production in FY25, reporting revenue of INR 944.30 Lakhs (a 25x jump from INR 36.82 Lakhs in FY24) alongside a loss of INR 2,701 Lakhs due to raw material costs, depreciation, and ramp-up expenses. It has secured USD 130 million in cumulative equity funding from undisclosed investors, the International Finance Corporation, and a global investor, and benefits from a parent-group capex commitment of over USD 700 million over 4-5 years. The company's strategic positioning emphasizes China+1 supply diversification, US Inflation Reduction Act compliance, and India PLI alignment to capture demand from IRA-funded cell manufacturers and Indian gigafactories.
GFCL EV firmographics
Firmographics- Name
- GFCL EV
- Legal name
- GFCL EV Products Limited
- Website
- https://gfclev.co.in
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- GFCL EV Products Limited, a wholly-owned subsidiary of Gujarat Fluorochemicals Limited (part of INOXGFL Group), manufactures battery intermediate chemicals — including LiPF6, NaPF6, LiFSI salts, electrolyte formulations, PVDF binders, and LFP cathode active material — for global lithium-ion and sodium-ion battery cell manufacturers, automotive OEMs, and energy storage providers, with backward integration into Morocco fluorspar and commercial-scale production in Gujarat, India.
- Ownership category
- akta.pro rank
GFCL EV industry classification
Industry- Product category
- Battery Materials & Specialty Chemicals
- NAICS
- Battery Manufacturing (335910)
- SIC
- Electronic & Other Electrical Equipment (No Computer Equip) (3600), Plastic Material, Synth Resin/Rubber, Cellulos (No Glass) (2820)
- akta.pro primary industry
- Battery & Energy Storage High-Purity Chemicals (Electrolyte salts/solvents, additives) (IMAEAKAM)
- akta.pro secondary industry
- Electrolytes & Additives Manufacturing (Liquid, Gel, Solid-State) (EUAFABAD)
Keywords
Where GFCL EV is headquartered
LocationHeadquarters
- HQ city
- Noida
- HQ country
- India
- HQ region
- Asia
Offices11 records
Markets served
GFCL EV business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Infrastructure, Technology or R&D, Operations, Personnel
Revenue model
- Battery Materials: GFCL EV generates revenue through the sale of intermediate battery chemicals including LiPF6 salt, electrolytes, PVDF binders, and cathode active materials (CAM) to lithium-ion and sodium-ion battery manufacturers. The company transitioned to commercial-scale production in FY25 with reported revenue of ₹944.30 Lakhs, a 25x jump from ₹36.82 Lakhs in FY24.
- Fluoropolymers: Sale of fluoropolymer products including PTFE, PFA, FEP, FKM, PVDF, and additives. These serve as binders and key materials for lithium-ion batteries and other industrial applications.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
GFCL EV product offering
Product offeringCore offering
GFCL EV manufactures and supplies a full range of intermediate battery chemicals for lithium-ion and sodium-ion batteries, including electrolyte salts (LiPF6, NaPF6, LiFSI), electrolyte additives (Vinylene Carbonate, Fluoroethylene Carbonate), customized electrolyte formulations, Inoflar PVDF fluoropolymer binders, and Lithium Ferro Phosphate (LFP) cathode active material. These products are sold to global battery cell manufacturers and automotive OEMs for use in electric vehicles, energy storage systems, and 3C consumer electronics applications.
Product overview
GFCL EV is a 100% subsidiary of Gujarat Fluorochemicals Limited (GFL) offering a full range of chemical solutions for Lithium and Sodium-ion batteries targeting EV, energy storage systems (ESS), and 3C applications. The product portfolio consists of three main categories: Battery Chemicals (including LiPF6, NaPF6, LiFSI salts, electrolyte additives VC and FEC, and custom electrolyte formulations), Fluoropolymers (including Inoflar PVDF binders), and Cathode Active Materials (LFP). These intermediate chemicals cover the entire battery value chain from cell components to module and battery pack assembly, serving battery manufacturers and automotive OEMs with sophisticated products for battery binders, electrolytes, salts, and other battery cell components.
Differentiator
Problem solved
Functional benefit
Brands
- Inoflar PVDF: High molecular-weight Fluoropolymers offering good adhesion and binding properties for Lithium-ion battery applications, featuring excellent thermal and chemical resistance.
Products and services
- Lithium Hexafluorophosphate (LiPF6) High-purity LiPF6 salt for lithium-ion battery electrolytes, suitable for all LIB chemistries (LCO, LMO, NMC, NCA, LFP, LMFP) and applications in 3C devices, power tools, EVs, and energy storage systems. Offers good solubility, high purity, and high degree of ion conductivity. Sold to battery cell manufacturers and automotive OEMs.
- Sodium Hexafluorophosphate (NaPF6) Salt used to produce electrolytes for sodium-ion batteries, suitable for various sodium cell chemistries in 3C, power tools, EV, and ESS applications. Sold to battery cell manufacturers developing sodium-ion battery cells.
- Lithium Bis(fluorosulfonyl)imide (LiFSI) White powder salt offering high lithium-ion conductivity, chemical stability, thermal stability, hydrolytic stability, excellent low temperature performance, and environmental friendliness; higher conductivity and better cycling performance than LiPF6 with improved compatibility for silicon-based anodes. Sold to battery cell manufacturers for advanced LIB formulations.
- Vinylene Carbonate (VC) Additive Electrolyte additive for lithium-ion batteries that helps achieve high energy density, long cycle life, high rate performance, and high safety. Essential in LFP battery electrolytes. Sold to battery cell manufacturers as a formulation component.
- Fluoroethylene Carbonate (FEC) Additive SEI former additive particularly used in NMC battery electrolytes that significantly alters solvation structure and electrolyte reduction, enhancing electrochemical performance for high-performance lithium metal batteries. Sold to battery cell manufacturers.
- Customised Electrolyte Formulations Customised electrolyte formulations for lithium-ion and sodium-ion batteries that allow ionic conduction over a large temperature range, stabilise cathode and anode surfaces, extend battery lifespan, and improve cell performance and safety. Sold to battery cell manufacturers as a tailored offering.
- Inoflar PVDF Binders High molecular-weight fluoropolymers offering good adhesion and binding properties with excellent thermal and chemical resistance, electrochemically stable in the full voltage range of 0-5V vs Li+/Li, with melting point above 158°C. Sold to lithium-ion battery manufacturers as the preferred binder for cathode and anode electrodes.
- Lithium Ferro Phosphate (LFP) Cathode Active Material Lithium ferro phosphate with conductive carbon coating offering long-life cycle, superior thermal stability, high safety, and abuse tolerance. Provides advantages including low degradation, environmental friendliness, compact size, high efficiency, extreme weather tolerance, and low manufacturing cost. Sold to battery cell manufacturers for use in LFP-based lithium-ion battery cells across EV, ESS, and 3C applications.
Quantifiable outcome
- 25x revenue growth in FY25 to ₹944.30 Lakhs from ₹36.82 Lakhs in FY24
- +3 more outcomes
Companies that use GFCL EV
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
GFCL EV technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
GFCL EV partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Invest Oman (Ministry of Commerce, Industry & Investment Promotion)coreGFCL EV Products (India), a subsidiary of INOXGFL Group, signed investment and land lease agreements with Invest Oman to establish a greenfield manufacturing facility in Salalah Free Zone, Oman. The project will produce advanced battery materials for EVs and energy storage applications with an initial investment of approximately USD 216 million. This partnership represents the first advanced battery materials project in Oman.
- Salalah Free Zone Company LLCcoreGFCL EV signed investment and land lease agreements with Salalah Free Zone Company LLC to establish Oman's first advanced battery materials manufacturing facility for EVs and energy storage in the Salalah Free Zone. The wholly-owned Omani subsidiary, GFCL EV (SFZ) LLC, will operate the facility as part of the company's geographic diversification strategy.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
GFCL EV competitors and assessment
Company assessmentDirect peers
- Arkema S.A. French specialty chemicals company producing Kynar PVDF binders and fluoropolymers widely used in lithium-ion battery electrodes. Directly comparable through the PVDF binder product line, competing for the same global battery cell manufacturer customers.
- Kureha Corporation: Japanese manufacturer of PVDF binders (KF polymer) for lithium-ion battery cathodes and separators. Direct peer in PVDF binder supply, with deep relationships with Asian cell manufacturers that overlap GFCL EV's target customer base.
- Syensqo SA: Belgian specialty materials company (formerly Solvay) producing PVDF binders and electrolyte additives for lithium-ion batteries. Direct competitor through PVDF product line and broad fluoropolymer portfolio, serving similar global battery cell customers.
- Kanto Denka Kogyo Co., Ltd. Japanese specialty chemical manufacturer producing LiPF6 and other battery electrolyte salts for lithium-ion batteries. Directly competes with GFCL EV in supplying high-purity electrolyte salts to Asian and global cell manufacturers.
- Stella Chemifa Corporation: Japanese manufacturer of high-purity LiPF6 and other inorganic fluoride chemicals serving lithium-ion battery electrolyte producers globally. Directly comparable as one of the leading non-Chinese LiPF6 producers with overlapping customer base in global battery cell manufacturers.
- Do-Fluoride Chemicals Co., Ltd. Chinese manufacturer of fluoride-based fine chemicals including LiPF6, sodium fluoride, and battery-grade fluoride products. Closely comparable as a leading Chinese battery chemical supplier against which GFCL EV positions itself as a China+1 alternative.
- Soulbrain Co., Ltd. South Korean manufacturer of battery electrolytes and specialty chemicals for lithium-ion batteries, including electrolyte salts and additives. Direct peer in custom electrolyte formulations, serving Korean and global cell manufacturers.
- Morita Chemical Industries Co., Ltd. Japanese manufacturer of LiPF6 and inorganic fluoride chemicals for lithium-ion battery electrolytes. Direct competitor in the high-purity electrolyte salt segment serving global battery cell manufacturers.
Emerging players
- Targray Technology International Inc. Canadian supplier and formulator of battery materials including electrolyte formulations, cathode active materials, and binders. Comparable through its role as a multi-product battery materials supplier, though smaller in scale and focused on distribution/formulation rather than primary manufacturing.
Broad incumbents
- Mitsubishi Chemical Group Corporation: Japanese chemical conglomerate with a broad battery materials portfolio including electrolytes, anode materials, and separator materials. Overlaps with GFCL EV through battery electrolyte formulations and broader fluorine chemistry applications, but as a much larger diversified chemicals player.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
GFCL EV social profiles
Digital presenceGFCL EV financial estimates
Financial estimateRevenue estimate
Valuation estimate
GFCL EV leadership team
Management profileNumber of profiles
GFCL EV funding detail
Funding detailFunding overview
Funding rounds5 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GFCL EV M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about GFCL EV
What does GFCL EV do?
GFCL EV manufactures and supplies a full range of intermediate battery chemicals for lithium-ion and sodium-ion batteries, including electrolyte salts (LiPF6, NaPF6, LiFSI), electrolyte additives (Vinylene Carbonate, Fluoroethylene Carbonate), customized electrolyte formulations, Inoflar PVDF fluoropolymer binders, and Lithium Ferro Phosphate (LFP) cathode active material. These products are sold to global battery cell manufacturers and automotive OEMs for use in electric vehicles, energy storage systems, and 3C consumer electronics applications.
Is GFCL EV a public or private company?
GFCL EV is a private company. It is classified as corporate owned and is currently operating.
When was GFCL EV founded?
GFCL EV was founded in 2023. It employs 1,001 to 5,000 people.
Where is GFCL EV based?
GFCL EV is headquartered in Noida, India, in the Asia region.
How does GFCL EV make money?
Two revenue lines are on record. Battery Materials are the primary driver. The others are fluoropolymers.
Who are GFCL EV's main competitors?
Direct peers on record are Arkema S.A., Kureha Corporation, Syensqo SA, Kanto Denka Kogyo Co., Ltd., Stella Chemifa Corporation, Do-Fluoride Chemicals Co., Ltd., Soulbrain Co., Ltd. and Morita Chemical Industries Co., Ltd.. Targray Technology International Inc. is listed as an emerging player. Mitsubishi Chemical Group Corporation is listed as a broad incumbent.
Does GFCL EV have an API?
No public API is recorded for GFCL EV.
What industry is GFCL EV in?
GFCL EV's product category is Battery Materials & Specialty Chemicals. Its primary akta.pro industry code is IMAEAKAM, Battery & Energy Storage High-Purity Chemicals (Electrolyte salts/solvents, additives), with a secondary code of EUAFABAD, Electrolytes & Additives Manufacturing (Liquid, Gel, Solid-State). Its NAICS code is 335910 and its SIC code is 3600.