diff --git a/charts/argo-events/Chart.yaml b/charts/argo-events/Chart.yaml
index 4d953bcf..c5b59618 100644
--- a/charts/argo-events/Chart.yaml
+++ b/charts/argo-events/Chart.yaml
@@ -1,7 +1,7 @@
 apiVersion: v1
 description: A Helm chart to install Argo-Events in k8s Cluster
 name: argo-events
-version: 0.14.0
+version: 0.16.0
 keywords:
   - argo-events
   - sensor-controller
@@ -10,6 +10,6 @@ sources:
   - https://github.com/argoproj/argo-events
 maintainers:
   - name: VaibhavPage
-appVersion: 0.14.0
+appVersion: 0.16.0
 icon: https://raw.githubusercontent.com/argoproj/argo/master/docs/assets/argo.png
 home: https://github.com/argoproj/argo-helm
diff --git a/charts/argo-events/values.yaml b/charts/argo-events/values.yaml
index 4ac26da1..cada3253 100644
--- a/charts/argo-events/values.yaml
+++ b/charts/argo-events/values.yaml
@@ -42,11 +42,11 @@ singleNamespace: true
 sensorController:
   name: sensor-controller
   image: sensor-controller
-  tag: v0.14.0
+  tag: v0.16.0
   replicaCount: 1
 
 gatewayController:
   name: gateway-controller
   image: gateway-controller
-  tag: v0.14.0
+  tag: v0.16.0
   replicaCount: 1