About GFCL EV
GFCL EV is an Energy & Utilities company based in Noida (India) founded in 2021. Batteries for electric vehicles and energy storage systems are manufactured. GFCL EV has raised $248.95 million across 3 funding rounds from investors including International Finance Corporation. The company has 261 employees. Its Indian entity Gfcl Ev Products Limited reported revenue of ₹38.05 Cr. GFCL EV offers products and services including Battery Chemicals and Fluoropolymers. Its focus areas include Energy Tech, Energy Storage Tech, Battery and Components.
Company details
GFCL EV was founded in 2021 and is based in Noida, India. Operations focus on the production of battery materials for electric vehicles and energy storage systems. A range of products is offered, including battery chemicals, electrolyte salts, electrolytes, cathode active materials, binders, and additives. The company serves the energy sector through these specialized components.
- Headquarters Noida, India
- Employees 261
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website gfclev.co.in
- Social LinkedIn X Facebook
- Legal Name Gfcl Ev Products Limited
- Date of Incorporation 08 Dec, 2021
- Jurisdiction Ranjitnagar, Gujarat, India
- Annual Revenue₹38.05 Cr
FY 2026 · +25% YoY
- Net Loss-₹104 Cr
FY 2026 · -274% margin
- EBITDA-₹76.95 Cr
FY 2026 · -202% margin
- Total Equity Funding$248.95M (USD)
in 3 rounds
- Latest Funding Round$80M (USD), Series E
Mar 2026
- Investors
- Employee Count261
Associated legal entities of GFCL EV
GFCL EV operates through Gfcl Ev Products Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Gfcl Ev Products Limited CIN U24296GJ2021PLC127819 | Active | 08 Dec 2021 | Ranjitnagar, Gujarat | ₹38.0 Cr | 261 | 8 | View details |
Products & Services of GFCL EV
GFCL EV offers a comprehensive portfolio of products and services, including Battery Chemicals and Fluoropolymers.
Battery chemicals are supplied for lithium and sodium-ion batteries in electric vehicles, energy storage systems, and consumer electronics applications.
Fluoropolymers are provided as part of the range of chemical solutions for various industrial uses.
Funding Insights of GFCL EV
GFCL EV has successfully raised a total of $248.95M across 3 strategic funding rounds. The most recent funding activity was a Series E round of $80 million completed in March 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $248.95M
- Total Rounds 3
- Last Round Series E — $80M
- First Round $118.95M
(Oct 2024)
- Investors Count 1
All 3 funding rounds of GFCL EV with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2026 | $80M | Series E | – | – | – |
| Dec 2025 | $50M | Series D | – | – | |
| Oct 2024 | $118.95M | Series D | – | – | – |
1 investors in total: 1 institutional.
Investors in GFCL EV
GFCL EV has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include International Finance Corporation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| ifc.org |
Investor details for GFCL EV
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Gfcl Ev Products Limited (GFCL EV)
Gfcl Ev Products Limited is the primary company behind GFCL EV. The board of Gfcl Ev Products Limited currently have 6 directors; the longest-serving is Devansh Jain, appointed in 2021. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Devansh Jain DIN 01819331 | Director | 08 Dec 2021 | 4 yrs 10 mo | Gfcl Ev Products Limited |
| Vijay Kumar Soni DIN 01773253 | Director | 08 Dec 2021 | 4 yrs 10 mo | Gfcl Ev Products Limited |
| Vivek Kumar Jain DIN 00029968 | Managing Director | 08 Dec 2021 | 4 yrs 10 mo | Gfcl Ev Products Limited |
| Sanjay . Bhan DIN 10232405 | Director | 03 Jul 2023 | 3 yrs 3 mo | Gfcl Ev Products Limited |
| Bir Jawaher Kapoor DIN 01771510 | Director | 03 Nov 2023 | 2 yrs 11 mo | Gfcl Ev Products Limited |
| Vanita Bhargava DIN 07156852 | Director | 23 Jan 2024 | 2 yrs 9 mo | Gfcl Ev Products Limited |
People of GFCL EV
1 people are tracked at GFCL EV (1 in leadership); the tracked headcount is 261.
| Name | Role | Group |
|---|---|---|
| Managing Director & Director | Leadership |
Complete people profiles for GFCL EV
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Financials of GFCL EV
Figures of Gfcl Ev Products Limited, the primary company behind GFCL EV, for FY 2026. Revenue was ₹38.05 Cr (+25% year on year). Net loss was -₹104 Cr (-274% margin). EBITDA was -₹76.95 Cr (-202% margin). Revenue has grown at a compounded annual rate of +264% over three years.
- ₹38.05 CrRevenue · FY 2026 · +25% YoY
- -₹104 CrNet loss · -274% margin
- -₹76.95 CrEBITDA · -202% margin
- ₹1,163 CrPaid-up capital
- 261Employees (provident fund records)
- +264%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Gfcl Ev Products Limited are on its company page.
Detailed financial statements for GFCL EV
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Timeline of GFCL EV
3 dated milestones of GFCL EV across 5 years, from founding to its latest funding, stage changes and deals.
- Founded GFCL EV is founded.
- Funding First funding round of $119.0M.
- Funding Latest funding round, Series E, of $80.0M.
Web traffic of GFCL EV
The website of GFCL EV (gfclev.co.in) receives about 1.7K visits a month.
- Monthly visits1.7K
▲ 67.3% vs previous month
Websites whose visitors overlap most with GFCL EV. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| targray.com | 100% | #1,628,124 | View details |
Top companies in Energy Storage Systems
2 companies that operate in the same segment as GFCL EV (Energy Storage Systems) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of EV battery-swapping network | 2019 | Gurugram, Haryana, India | USD 187.76 M | USD 22.56 M | 482 | |
Lithium-ion batteries for electric vehicles are manufactured across categories. | 2006 | Gurugram, Haryana, India | USD 34.18 M | 177 |
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Related news about Gfcl Ev
Complete news archive for GFCL EV
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Frequently Asked Questions about GFCL EV
GFCL EV was founded in 2021 and raised its 1st funding round 3 years after it was founded.
GFCL EV is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
GFCL EV is a funded company, having raised a total of $248.95M across 3 funding rounds to date. The company's 1st funding round was a Series D of $118.95M, raised on Oct 2024.
GFCL EV has 261 employees.
The primary company behind GFCL EV, Gfcl Ev Products Limited, reported revenue of ₹38.05 Cr for FY 2026, up 25% year on year.
GFCL EV was founded in 2021 and is based in Noida, India. Operations focus on the production of battery materials for electric vehicles and energy storage systems. A range of products is offered, including battery chemicals, electrolyte salts, electrolytes, cathode active materials, binders, and additives. The company serves the energy sector through these specialized components.
GFCL EV offers Battery Chemicals and Fluoropolymers.
GFCL EV has 1 investor. Key investors include International Finance Corporation.
GFCL EV operates through Gfcl Ev Products Limited.
The legal entities of GFCL EV currently have 8 directors, including Devansh Jain, Sanjay . Bhan, Vanita Bhargava and others.