diff --git a/pyproject.toml b/pyproject.toml
index 0d85ecc7..10b35591 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -6,7 +6,7 @@ build-backend = "setuptools.build_meta"
 
 [project]
 name = "pyvespa"
-version = "0.47.0"
+version = "0.48.0"
 description = "Python API for vespa.ai"
 readme = "README.md"
 keywords = ["vespa", "search engine", "data science"]
diff --git a/vespa/__init__.py b/vespa/__init__.py
index bbe015e9..0b7cca73 100644
--- a/vespa/__init__.py
+++ b/vespa/__init__.py
@@ -1,3 +1,3 @@
 # Copyright Vespa.ai. Licensed under the terms of the Apache 2.0 license. See LICENSE in the project root.
 
-__version__ = "0.47.0"
+__version__ = "0.48.0"