diff --git a/charts/cluster-api-runtime-extensions-nutanix/templates/helm-config.yaml b/charts/cluster-api-runtime-extensions-nutanix/templates/helm-config.yaml
index b67413269..dc810e516 100644
--- a/charts/cluster-api-runtime-extensions-nutanix/templates/helm-config.yaml
+++ b/charts/cluster-api-runtime-extensions-nutanix/templates/helm-config.yaml
@@ -25,7 +25,7 @@ data:
     RepositoryURL: '{{ if .Values.helmRepository.enabled }}oci://helm-repository.{{ .Release.Namespace }}.svc/charts{{ else }}https://kubernetes.github.io/autoscaler{{ end }}'
   cosi-controller: |
     ChartName: cosi
-    ChartVersion: 0.0.1-alpha.4
+    ChartVersion: 0.0.1-alpha.5
     RepositoryURL: '{{ if .Values.helmRepository.enabled }}oci://helm-repository.{{ .Release.Namespace }}.svc/charts{{ else }}https://mesosphere.github.io/charts/stable/{{ end }}'
   local-path-provisioner-csi: |
     ChartName: local-path-provisioner
diff --git a/hack/addons/helm-chart-bundler/repos.yaml b/hack/addons/helm-chart-bundler/repos.yaml
index d675157a1..4e7e3cda9 100644
--- a/hack/addons/helm-chart-bundler/repos.yaml
+++ b/hack/addons/helm-chart-bundler/repos.yaml
@@ -30,7 +30,7 @@ repositories:
     repoURL: https://mesosphere.github.io/charts/stable/
     charts:
       cosi:
-      - 0.0.1-alpha.4
+      - 0.0.1-alpha.5
   local-path-provisioner:
     repoURL: https://charts.containeroo.ch
     charts:
diff --git a/make/addons.mk b/make/addons.mk
index 7c54e7bee..3b3f3192f 100644
--- a/make/addons.mk
+++ b/make/addons.mk
@@ -25,7 +25,7 @@ export KUBE_VIP_VERSION := v0.8.3
 
 export METALLB_CHART_VERSION := 0.14.8
 
-export COSI_CONTROLLER_VERSION := 0.0.1-alpha.4
+export COSI_CONTROLLER_VERSION := 0.0.1-alpha.5
 
 .PHONY: addons.sync
 addons.sync: $(addprefix update-addon.,calico cilium nfd cluster-autoscaler snapshot-controller local-path-provisioner-csi aws-ebs-csi kube-vip)