diff --git a/charts/vsphere-cpi/Chart.yaml b/charts/vsphere-cpi/Chart.yaml
index bdb095eb0..33c3c7eec 100644
--- a/charts/vsphere-cpi/Chart.yaml
+++ b/charts/vsphere-cpi/Chart.yaml
@@ -1,8 +1,8 @@
 apiVersion: v2
-appVersion: 1.30.0
+appVersion: 1.30.1
 description: A Helm chart for vSphere Cloud Provider Interface Manager (CPI)
 name: vsphere-cpi
-version: 1.30.0
+version: 1.30.1
 keywords:
   - vsphere
   - vmware
diff --git a/charts/vsphere-cpi/README.md b/charts/vsphere-cpi/README.md
index e5f5402c9..3f5ceae1d 100644
--- a/charts/vsphere-cpi/README.md
+++ b/charts/vsphere-cpi/README.md
@@ -149,7 +149,7 @@ helm repo add vsphere-cpi https://kubernetes.github.io/cloud-provider-vsphere
 helm repo update
 
 # Package CPI Chart
-VERSION=1.30.0
+VERSION=1.30.1
 cd charts
 helm package vsphere-cpi --version $VERSION --app-version $VERSION