diff --git a/functions/render/210-knative-operator.yaml.gotmpl b/functions/render/210-knative-operator.yaml.gotmpl
index 615ff44..208992b 100644
--- a/functions/render/210-knative-operator.yaml.gotmpl
+++ b/functions/render/210-knative-operator.yaml.gotmpl
@@ -41,7 +41,7 @@
   )
 }}
 # renovate: datasource=helm depName=knative-operator registryUrl=https://knative.github.io/operator
-{{- $operatorChartVersion := "1.21.0" }}
+{{- $operatorChartVersion := "1.23.1" }}
 
 ---
 apiVersion: helm.m.crossplane.io/v1beta1