<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0607</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2026-06-03</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0002105274</issuerCik>
        <issuerName>InterPrivate Investment Partners V, Inc.</issuerName>
        <issuerTradingSymbol>IPVVU</issuerTradingSymbol>
        <issuerForeignTradingSymbol></issuerForeignTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001801366</rptOwnerCik>
            <rptOwnerName>FATTOUH AHMED MOHAMED</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerNonUSAddressFlag>false</rptOwnerNonUSAddressFlag>
            <rptOwnerStreet1>1350 AVENUE OF THE AMERICAS, 2ND FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10019</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chief Executive Officer</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Class B ordinary shares</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F1"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A ordinary shares</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>5031250</value>
                    <footnoteId id="F2"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The Class B ordinary shares of InterPrivate Investment Partners V, Inc. (the &quot;Issuer&quot;) have no expiration date and will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment, as described in the Registration Statement on Form S-1 (File No. 333-295323) (the &quot;Registration Statement&quot;) related to the Issuer's initial public offering (the &quot;IPO&quot;).</footnote>
        <footnote id="F2">Includes up to 656,250 shares subject to forfeiture by InterPrivate Acquisition Management V LLC (the &quot;Sponsor&quot;) depending on the extent to which the IPO underwriters' over-allotment option is exercised, as described in the Registration Statement. Mr. Fattouh controls the sole managing member of the Sponsor, IPAM (M) V LLC. Consequently, Mr. Fattouh may be deemed to share voting and dispositive control over the shares held by the Sponsor, and thus to share beneficial ownership of such securities. Mr. Fattouh disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of his pecuniary interest therein.</footnote>
    </footnotes>

    <remarks>See Exhibit 24.1 - Power of Attorney (Ahmed Fattouh);</remarks>

    <ownerSignature>
        <signatureName>/s/ Jason T. Simon, as Attorney-in-Fact</signatureName>
        <signatureDate>2026-06-03</signatureDate>
    </ownerSignature>
</ownershipDocument>
