<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: Klichinsky Michael -->
          <cik>0001967221</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0001485003</issuerCik>
      <issuerName>Carisma Therapeutics Inc.</issuerName>
      <secFileNumber>001-36296</secFileNumber>
      <issuerAddress>
        <com:street1>3675 MARKET STREET</com:street1>
        <com:city>PHILADELPHIA</com:city>
        <com:stateOrCountry>PA</com:stateOrCountry>
        <com:zipCode>19104</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>267-491-6422</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>MICHAEL KLICHINSKY</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Officer</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Morgan Stanley Smith Barney LLC Executive Financial Services</name>
        <address>
          <com:street1>1 New York Plaza</com:street1>
          <com:street2>8th Floor</com:street2>
          <com:city>NEW YORK</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10004</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>484347</noOfUnitsSold>
      <aggregateMarketValue>134164.12</aggregateMarketValue>
      <noOfUnitsOutstanding>41788096</noOfUnitsOutstanding>
      <approxSaleDate>09/30/2025</approxSaleDate>
      <securitiesExchangeName>NASDAQ</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>05/31/2017</acquiredDate>
      <natureOfAcquisitionTransaction>Founder Stock</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>484347</amountOfSecuritiesAcquired>
      <paymentDate>09/30/2025</paymentDate>
      <natureOfPayment>Compensation</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <noticeSignature>
      <noticeDate>09/30/2025</noticeDate>
      <signature>/s/ Michael Klichinsky</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>
