diff --git a/charts/karpenter/Chart.yaml b/charts/karpenter/Chart.yaml
index 29dbc2b882b0..2e09fdedb2cd 100644
--- a/charts/karpenter/Chart.yaml
+++ b/charts/karpenter/Chart.yaml
@@ -2,8 +2,8 @@ apiVersion: v2
 name: karpenter
 description: A Helm chart for Karpenter, an open-source node provisioning project built for Kubernetes.
 type: application
-version: 0.32.3
-appVersion: 0.32.3
+version: 0.33.0
+appVersion: 0.33.0
 keywords:
   - cluster
   - node