diff --git a/VERSION b/VERSION
index 707d5fac27..01437515a7 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-v0.40.0
+v0.40.1
diff --git a/docs/releases/v0.40.1.md b/docs/releases/v0.40.1.md
new file mode 100644
index 0000000000..4cf7e04e1f
--- /dev/null
+++ b/docs/releases/v0.40.1.md
@@ -0,0 +1,9 @@
+# Changelog
+
+## [v0.40.1](https://github.com/aws-observability/aws-otel-collector/tree/v0.40.1) (2024-08-27)
+
+[Full Changelog](https://github.com/aws-observability/aws-otel-collector/compare/v0.40.0...v0.40.1)
+
+**Merged pull requests:**
+
+- Upgrade Docker to v25.0.6 [#2804](https://github.com/aws-observability/aws-otel-collector/pull/2804)
\ No newline at end of file
diff --git a/tools/packaging/windows/aws-otel-collector.wxs b/tools/packaging/windows/aws-otel-collector.wxs
index dce8029c89..38d898cfd3 100644
--- a/tools/packaging/windows/aws-otel-collector.wxs
+++ b/tools/packaging/windows/aws-otel-collector.wxs
@@ -3,7 +3,7 @@
     <Product Id="EBBD8548-75D1-41D3-A402-ABE189F0C167"
 UpgradeCode="B7C263DD-95A5-436A-A025-DCA5200C2BE3"
 Name="ADOT Collector"
-Version="0.40.0"
+Version="0.40.1"
 Codepage='1252'
 Manufacturer="Amazon.com, Inc."
 Language="1033">