diff --git a/argocd-managed/velero/Chart.yaml b/argocd-managed/velero/Chart.yaml
index 26e0245..60f7d2e 100644
--- a/argocd-managed/velero/Chart.yaml
+++ b/argocd-managed/velero/Chart.yaml
@@ -4,5 +4,5 @@ type: application
 version: 1.0.0
 dependencies:
   - name: velero
-    version: 5.4.1
+    version: 8.3.0
     repository: "https://vmware-tanzu.github.io/helm-charts"