diff --git a/bucket/velero.json b/bucket/velero.json
index c8260d4989..e1e1b367b2 100644
--- a/bucket/velero.json
+++ b/bucket/velero.json
@@ -1,13 +1,13 @@
 {
-    "version": "1.16.1",
+    "version": "1.16.2",
     "description": "Safely backup, restore and perform disaster recovery, migrate Kubernetes cluster resources and persistent volumes.",
     "homepage": "https://velero.io",
     "license": "Apache-2.0",
     "architecture": {
         "64bit": {
-            "url": "https://github.com/vmware-tanzu/velero/releases/download/v1.16.1/velero-v1.16.1-windows-amd64.tar.gz",
-            "hash": "114a1b377fd38e284ffb297379b7dfe023c96a4508a1d9d3447c50079c5b0e81",
-            "extract_dir": "velero-v1.16.1-windows-amd64"
+            "url": "https://github.com/vmware-tanzu/velero/releases/download/v1.16.2/velero-v1.16.2-windows-amd64.tar.gz",
+            "hash": "fe144df2e47925021f45f5448c9873345f62bc777d263d20d1d7f7f09d749a47",
+            "extract_dir": "velero-v1.16.2-windows-amd64"
         }
     },
     "bin": "velero.exe",