diff --git a/charts/base-cluster/values.yaml b/charts/base-cluster/values.yaml
index 073adafe5..efce6e420 100644
--- a/charts/base-cluster/values.yaml
+++ b/charts/base-cluster/values.yaml
@@ -169,7 +169,7 @@ global:
     vmware:
       url: https://vmware-tanzu.github.io/helm-charts
       charts:
-        velero: 7.1.5
+        velero: 7.2.1
       condition: "{{ not (empty .Values.backup.backupStorageLocations) }}"
     open-telemetry:
       url: https://open-telemetry.github.io/opentelemetry-helm-charts