diff --git a/Makefile b/Makefile
index 1e58dfa5..15c1c2a0 100644
--- a/Makefile
+++ b/Makefile
@@ -11,8 +11,8 @@
 # WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
 # See the License for the specific language governing permissions and
 # limitations under the License.
-export BUILDER_TAG ?= 1.10.0
-export SIDECAR_TAG ?= 1.10.0
+export BUILDER_TAG ?= 1.11.0
+export SIDECAR_TAG ?= 1.11.0
 
 # figure out if podman or docker should be used (use podman if found)
 ifneq (, $(shell which podman 2>/dev/null))
@@ -27,7 +27,7 @@ export VERSION = $(call dot-delimiter, ${BUILDER_TAG}, 1).$(call dot-delimiter,
 export RELEASE = $(call dot-delimiter, ${BUILDER_TAG}, 3)
 
 ifeq (${RELEASE},)
-	VERSION=1.10
+	VERSION=1.11
 	RELEASE=0
 endif
 
@@ -156,4 +156,4 @@ verify-podman-version:
 			echo "Podman version $$installed_version is lower than the required version $$required_version."; \
 			exit 1; \
 		fi \
-	fi
\ No newline at end of file
+	fi