diff --git a/Makefile b/Makefile
index c6670b1..552823f 100644
--- a/Makefile
+++ b/Makefile
@@ -1,4 +1,4 @@
-VERSION ?= v1.2.0
+VERSION ?= v1.2.1
 
 IMAGE_BUILDER ?= docker
 IMAGE_BUILD_CMD ?= buildx
diff --git a/charts/warm-metal-csi-driver/Chart.yaml b/charts/warm-metal-csi-driver/Chart.yaml
index 773d69f..ef4b5f4 100644
--- a/charts/warm-metal-csi-driver/Chart.yaml
+++ b/charts/warm-metal-csi-driver/Chart.yaml
@@ -15,9 +15,9 @@ type: application
 # This is the chart version. This version number should be incremented each time you make changes
 # to the chart and its templates, including the app version.
 # Versions are expected to follow Semantic Versioning (https://semver.org/)
-version: 1.2.0
+version: 1.2.1
 
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application. Versions are not expected to
 # follow Semantic Versioning. They should reflect the version the application is using.
-appVersion: v1.2.0
+appVersion: v1.2.1