# Third Wave Automation raises $27M for autonomous forklift manufacturing

Third Wave Automation secured $27 million in Series C funding led by Toyota's Woven Capital to expand manufacturing and develop autonomous forklift technology.

- Type: Investment
- Announced: 2024-10-30
- Where: California, United States
- Value: $27.0M
- Status: announced
- Products: autonomous forklifts, TWA Reach forklifts
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Third Wave Automation](https://endata.com/companies/80804.md)
- [Toyota Motor](https://endata.com/companies/962.md) (investor)
- [Qualcomm Ventures](https://endata.com/companies/16887.md) (investor)
- [Norwest Venture Partners](https://endata.com/companies/28591.md) (investor)
- [Woven Capital](https://endata.com/companies/80805.md) (investor)
- [Innovation Endeavors](https://endata.com/companies/80806.md) (investor)

## Sources

- [dcvelocity.com](https://www.dcvelocity.com/third-wave-automation-gains-27-million-backing-for-its-autonomous-forklifts), 2024-10-30: "The autonomous high-reach forklift maker Third Wave Automation plans to expand its manufacturing and support future technology development following a $27 million round of financing led by Toyota’s growth fund."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.