diff --git a/k8s/apps/storage/velero/helmrelease.k8s.yaml b/k8s/apps/storage/velero/helmrelease.k8s.yaml
index 5d96e2679..b0e56b138 100644
--- a/k8s/apps/storage/velero/helmrelease.k8s.yaml
+++ b/k8s/apps/storage/velero/helmrelease.k8s.yaml
@@ -9,7 +9,7 @@ spec:
   chart:
     spec:
       chart: velero
-      version: 5.2.2
+      version: 5.4.1
       sourceRef:
         kind: HelmRepository
         name: vmware-tanzu