diff --git a/setup.py b/setup.py
index 16495da76fce..c61012c691e5 100644
--- a/setup.py
+++ b/setup.py
@@ -179,7 +179,7 @@ def run(self):
 
 setup(
     name="diffusers",
-    version="0.0.4",
+    version="0.1.0",
     description="Diffusers",
     long_description=open("README.md", "r", encoding="utf-8").read(),
     long_description_content_type="text/markdown",
diff --git a/src/diffusers/__init__.py b/src/diffusers/__init__.py
index 3330d98b3e56..6c6f42c4297c 100644
--- a/src/diffusers/__init__.py
+++ b/src/diffusers/__init__.py
@@ -4,7 +4,7 @@
 from .utils import is_inflect_available, is_transformers_available, is_unidecode_available
 
 
-__version__ = "0.0.4"
+__version__ = "0.1.0"
 
 from .modeling_utils import ModelMixin
 from .models import AutoencoderKL, UNet2DConditionModel, UNet2DModel, VQModel