GFCL EV Products has raised $80 million to expand manufacturing of battery materials, positioning itself within the fast-growing electric mobility supply chain. The funding will be used to scale production of key inputs required for lithium-ion batteries.

As EV adoption accelerates, demand for domestic battery material manufacturing is increasing sharply. The investment reflects broader industry momentum towards localisation of critical components. GFCL’s expansion is expected to support both domestic battery makers and export markets.

Battery materials are a crucial part of the EV value chain, and securing local supply is essential for long-term sustainability of the sector.

The funding will enable the company to invest in advanced processing capabilities and expand production capacity to meet future demand.