diff --git a/charts/incubator/renovate/Chart.yaml b/charts/incubator/renovate/Chart.yaml
index 2497e2a6c0b2..ba6bfa467782 100644
--- a/charts/incubator/renovate/Chart.yaml
+++ b/charts/incubator/renovate/Chart.yaml
@@ -4,7 +4,7 @@ annotations:
   truecharts.org/min_helm_version: "3.11"
   truecharts.org/train: incubator
 apiVersion: v2
-appVersion: 38.130.4
+appVersion: 38.131.1
 dependencies:
   - name: common
     version: 25.1.0
@@ -29,4 +29,4 @@ sources:
   - https://github.com/truecharts/charts/tree/master/charts/incubator/renovate
   - https://hub.docker.com/r/renovate/renovate
 type: application
-version: 0.2.3
+version: 0.3.0
diff --git a/charts/incubator/renovate/values.yaml b/charts/incubator/renovate/values.yaml
index e637c962cfdd..f2b63a05b168 100644
--- a/charts/incubator/renovate/values.yaml
+++ b/charts/incubator/renovate/values.yaml
@@ -1,7 +1,7 @@
 image:
   repository: renovate/renovate
   pullPolicy: IfNotPresent
-  tag: 38.130.4
+  tag: 38.131.1
 
 workload:
   main: