<?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>
          <cik>0001862728</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0001715768</issuerCik>
      <issuerName>Transphorm, Inc.</issuerName>
      <secFileNumber>001-41295</secFileNumber>
      <issuerAddress>
        <com:street1>75 CASTILIAN DRIVE</com:street1>
        <com:city>GOLETA</com:city>
        <com:stateOrCountry>CA</com:stateOrCountry>
        <com:zipCode>93117</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>805-456-1300</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Smales Kelly</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>BOD</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>COMMON STOCK</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>MAXIM GROUP</name>
        <address>
          <com:street1>300 PARK AVE, 16TH FLOOR</com:street1>
          <com:city>NEW YORK</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10022</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>3996</noOfUnitsSold>
      <aggregateMarketValue>19540.44</aggregateMarketValue>
      <noOfUnitsOutstanding>61960000</noOfUnitsOutstanding>
      <approxSaleDate>05/22/2024</approxSaleDate>
      <securitiesExchangeName>NASDAQ</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <acquiredDate>10/11/2023</acquiredDate>
      <natureOfAcquisitionTransaction>Common Stock</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>TRANSPHORM, INC.</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>3996</amountOfSecuritiesAcquired>
      <paymentDate>10/11/2023</paymentDate>
      <natureOfPayment>COMPENSATORY PAYMENT</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>KELLY SMALES</name>
        <address>
          <com:street1>75 CASTILLIAN DRIVE,</com:street1>
          <com:city>GOLETA</com:city>
          <com:stateOrCountry>CA</com:stateOrCountry>
          <com:zipCode>93117</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>COMMON STOCK</securitiesClassTitle>
      <saleDate>02/28/2024</saleDate>
      <amountOfSecuritiesSold>3996</amountOfSecuritiesSold>
      <grossProceeds>19222.76</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>KELLY SMALES</name>
        <address>
          <com:street1>75 CASTILLIAN DRIVE,,</com:street1>
          <com:city>GOLETA</com:city>
          <com:stateOrCountry>CA</com:stateOrCountry>
          <com:zipCode>93117</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>COMMON STOCK</securitiesClassTitle>
      <saleDate>04/04/2024</saleDate>
      <amountOfSecuritiesSold>766</amountOfSecuritiesSold>
      <grossProceeds>3753.40</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>KELLY SMALES</name>
        <address>
          <com:street1>75 CASTILLIAN DRIVE,,,</com:street1>
          <com:city>GOLETA</com:city>
          <com:stateOrCountry>CA</com:stateOrCountry>
          <com:zipCode>93117</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>COMMON STOCK</securitiesClassTitle>
      <saleDate>04/24/2024</saleDate>
      <amountOfSecuritiesSold>475</amountOfSecuritiesSold>
      <grossProceeds>2278.73</grossProceeds>
    </securitiesSoldInPast3Months>
    <noticeSignature>
      <noticeDate>05/22/2024</noticeDate>
      <planAdoptionDates>
        <planAdoptionDate>08/17/2023</planAdoptionDate>
      </planAdoptionDates>
      <signature>KELLY SMALES</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>
