diff --git a/config/cloud-provider-for-vsphere/overwrites/Chart.yaml b/config/cloud-provider-for-vsphere/overwrites/Chart.yaml
index 45a650c..745b399 100644
--- a/config/cloud-provider-for-vsphere/overwrites/Chart.yaml
+++ b/config/cloud-provider-for-vsphere/overwrites/Chart.yaml
@@ -1,10 +1,10 @@
 apiVersion: v2
 # repo: kubernetes/cloud-provider-vsphere
-appVersion: 1.30.1
+appVersion: 1.31.1
 description: A Helm chart for vSphere Cloud Provider Interface Manager (CPI)
 name: cloud-provider-for-vsphere
 # repo: kubernetes/cloud-provider-vsphere
-version: 1.30.1
+version: 1.31.1
 keywords:
   - vsphere
   - vmware
diff --git a/helm/cloud-provider-vsphere/Chart.yaml b/helm/cloud-provider-vsphere/Chart.yaml
index c783e1b..87ffd10 100644
--- a/helm/cloud-provider-vsphere/Chart.yaml
+++ b/helm/cloud-provider-vsphere/Chart.yaml
@@ -16,7 +16,7 @@ maintainers:
 dependencies:
   - name: cloud-provider-for-vsphere
     # repo: kubernetes/cloud-provider-vsphere
-    version: 1.30.1
+    version: 1.31.1
   - name: vsphere-csi-driver
     # repo: kubernetes-sigs/vsphere-csi-driver
     version: 3.3.0