When was GFCL EV founded?

GFCL EV was founded in 2021 and raised its 1st funding round 3 years after it was founded.

Where is GFCL EV located?

GFCL EV is headquartered in Noida, India. It is registered at Survey No. 16/3, 26 & 27, Village Ranjitnagar, Taluka Ghoghamba, Panch Mahals, Ranjitnagar, Gujarat, India, 389380.

Which legal entities is GFCL EV associated with?

GFCL EV is associated with GFCL EV PRODUCTS LIMITED.

How many employees does GFCL EV have?

As of May 31, 2025, GFCL EV has 383 employees, reflecting a 31% year-over-year growth in headcount.

Is GFCL EV a funded company?

GFCL EV is a funded company, having raised a total of $249M across 3 funding rounds to date. The company's 1st funding round was a $***** Series D round, raised on Oct 23, 2024.

How much is GFCL EV worth?

The latest valuation of GFCL EV is $***** as of Oct 24, 2024.

When was the latest funding round of GFCL EV?

GFCL EV's latest funding was a $***** Series E round on Mar 27, 2026, with participation from 0 investor. Its primary sector is Energy Storage Tech. In India, the Energy Storage Tech sector has seen $446M in funding in 2026 to date.

What is the annual revenue of GFCL EV?

Annual revenue of GFCL EV is between ₹10 Cr and ₹50 Cr as on Mar 31, 2026

Where does GFCL EV rank among its competitors?

GFCL EV ranks 3rd amongst 44 active competitors, of which 19 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Adden Energy, which secured $16.9M in Sep, 2026.

Who are the top competitors of GFCL EV?

GFCL EV's top competitors include South 8, Safire Technology Group and Adden Energy. Among them, Adden Energy secured the most recent funding round in September, 2026.

GFCL EV - 2026 Company Profile, Team, Funding, Competitors & Financials

GFCL EV is a series E company based in Noida (India), founded in 2021. It operates as a Provider of intermediate chemicals for lithium and sodium-ion battery applications. GFCL EV has raised $249M in funding, with a current valuation of $*****. The company has 44 active competitors, including 19 funded and 5 that have exited. Its top competitors include companies like South 8, Safire Technology Group and Adden Energy.

Company Details

Provider of intermediate chemicals for lithium and sodium-ion battery applications. The company offers battery binders, electrolytes, salts, and other battery cell components. These products cater to electric vehicle, energy storage systems, and consumer electronics applications. The company aims to advance sustainable progress through eco-friendly operations.

Website: gfclev.co.in
Social
Email ID: *****@gfclev.co.in
Phone Number: +91 **********
Part Of
Registered Address: Survey No. 16/3, 26 & 27, Village Ranjitnagar, Taluka Ghoghamba, Panch Mahals, Ranjitnagar, Gujarat, India, 389380

Key Metrics

Founded Year

2021

Location

Noida, India

Stage

Series E

Total Funding

$249M in 3 rounds

Latest Funding Round

Series E, Mar 27, 2026, $*****

Post Money Valuation

$***** as on Oct 24, 2024

Investors

IFC

Ranked

3^rd among 44 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2026

Employee Count

383 as on May 31, 2025

Similar Companies

South 8 & 37 more

View GFCL EV's full profile

GFCL EV is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
GFCL EV PRODUCTS LIMITED CIN: U24296GJ2021PLC127819 , India, Active	Dec 08, 2021	₹10 - ₹50 Cr (As on Mar 31, 2026)	719 (As on Feb 01, 2026)

GFCL EV has raised a total funding of $249M over 3 rounds. Its first funding round was on Oct 23, 2024. GFCL EV has 1 institutional investor.

Here is the list of recent funding rounds of GFCL EV:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 27, 2026	5343425	Series E	2900597	6136371	9869545	6936316
Dec 05, 2025	2673859	Series D	3365650	5435475	7166039	IFC
Oct 23, 2024	9890975	Series D	4180628	5673237	6393314	3271938

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View details of GFCL EV's funding rounds and investors

GFCL EV's Board of Directors

GFCL EV's board has 6 active members. Sanjay Bhan, Devansh Jain, Vivek Kumar Jain, Vijay Kumar Soni and Bir Kapoor are part of team and Vanita Bhargava is independent board member.

Here is the list of GFCL EV's board of directors:

Name	Type	Representing	Status	Duration
yerbrha	Team	-	Current	4y 6m
mmyplov	Team	-	Current	6y 6m
vusgzfo	Team	-	Current	2y 7m
hqdahnr	Team	-	Current	1y 4m
n{xzdo{	Team	-	Current	8y 3m
Vanita Bhargava	Independent board member	-	Current	2y 9m

GFCL EV's employee count trend

GFCL EV has 383 employees as of May 25. The total employee count is 30.0% more than what it was in May 24. Here is GFCL EV's employee count trend over the years:

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Top competitors of GFCL EV include South 8, Safire Technology Group and Adden Energy. Here is the list of Top 10 competitors of GFCL EV, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	South 8 2013, San Diego (United States), Series B	Liquefied gas electrolyte for lithium ion batteries	$23M	Lockheed Martin, Shell & 17 others	62/100
2nd	Safire Technology Group 2020, Mclean (United States), Seed	Developer of hybrid-state liquid-to-solid shear thickening battery safety technology	$13.7M	Canaan, MaC Venture Capital & 7 others	53/100
3rd	GFCL EV 2021, Noida (India), Series E	Provider of intermediate chemicals for lithium and sodium-ion battery applications	$249M	IFC	53/100
4th	Adden Energy 2021, Waltham (United States), Series B	Provider of solutions for solid state batteries	$37M	Primavera, At One Ventures & 4 others	50/100
5th	Enchem 2012, Jecheon si (South Korea), Public	Developer of electrolytes	-	E&Investment, GNTech Venture Capital & 5 others	47/100
6th	Feon Energy 2022, Woburn (United States), Seed	Provider of lithium battery technology solution	$14.2M	Fine Structure Ventures, MassVentures & 4 others	45/100
7th	Solivis 2020, Seoul (South Korea), Series C	Manufacturer of sulfide based solid electrolytes for solid state batteries	$42.5M	Korea Technology Finance, OpenWaterINV & 8 others	44/100
8th	Ampcera 2017, Milpitas (United States), Series A	Developer of solid electrolyte materials	$15M	Hanwhasolutions, Plug and Play Tech Center ... & 2 others	43/100
9th	Silatronix 2007, Madison (United States), Acquired	Developer of nanostructured electorde	$14.9M	Foley Ventures, Hitachi Chemical & 8 others	41/100
10th	Elementium 2024, Somerville (United States), Seed	Provider of battery components	$3M	-	40/100