diff --git a/system-apps/velero/Chart.yaml b/system-apps/velero/Chart.yaml
index eb78f67..7e89bd8 100644
--- a/system-apps/velero/Chart.yaml
+++ b/system-apps/velero/Chart.yaml
@@ -24,5 +24,5 @@ appVersion: "1.0"
 
 dependencies:
 - name: velero
-  version: 11.1.1
+  version: 11.2.0
   repository: https://vmware-tanzu.github.io/helm-charts
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