diff --git a/fleet/lib/velero/fleet.yaml b/fleet/lib/velero/fleet.yaml
index ba553a26f..d815e2e82 100644
--- a/fleet/lib/velero/fleet.yaml
+++ b/fleet/lib/velero/fleet.yaml
@@ -6,7 +6,7 @@ helm:
   chart: *name
   releaseName: *name
   repo: https://vmware-tanzu.github.io/helm-charts
-  version: 4.1.0
+  version: 5.4.1
   valuesFiles:
     - values.yaml
   timeoutSeconds: 300