diff --git a/CHANGELOG.md b/CHANGELOG.md
index f0c08fc86..f3d16e0b4 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,10 @@
+## v4.8.1 (2024-09-25)
+
+### Bug Fixes
+
+- **esp32c2**: Add esp32c2 eco4 rom magic value
+- **packaging**: Correctly exclude the unwanted sub/modules
+
 ## v4.8.0 (2024-09-18)
 
 ### New Features
diff --git a/esptool/__init__.py b/esptool/__init__.py
index 688e559c7..7f919bc3f 100644
--- a/esptool/__init__.py
+++ b/esptool/__init__.py
@@ -28,7 +28,7 @@
     "write_mem",
 ]
 
-__version__ = "4.8.0"
+__version__ = "4.8.1"
 
 import argparse
 import inspect
diff --git a/pyproject.toml b/pyproject.toml
index f91052552..96eb71a05 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -75,7 +75,7 @@
     version = {attr = "esptool.__init__.__version__"}
 
 [tool.commitizen]
-    version = "4.8.0"
+    version = "4.8.1"
     update_changelog_on_bump = true
     tag_format = "v$version"
     changelog_start_rev = "v4.2.1"