diff --git a/README.md b/README.md
index 4f08ea3..a826f49 100644
--- a/README.md
+++ b/README.md
@@ -16,14 +16,15 @@ Check out the [quickstart guide](./docs/Usage.md#quick-start) for launching a cl
 ## Compatibility with Cluster API and Kubernetes Versions
 This provider's versions are compatible with the following versions of Cluster API:
 
-|                        | Cluster API v1beta1 (v1.4) | Cluster API v1beta1 (v1.5) | Cluster API v1beta1 (v1.6) | Cluster API v1beta1 (v1.7) | Cluster API v1beta1 (v1.8) |
-|------------------------|:--------------------------:|:--------------------------:|:--------------------------:|:--------------------------:|:--------------------------:|
-| CAPMOX v1alpha1 (v0.1) |             ✓              |             ✓              |             ☓              |             ☓              |             ☓              |
-| CAPMOX v1alpha1 (v0.2) |             ☓              |             ✓              |             ✓              |             ☓              |             ☓              |
-| CAPMOX v1alpha1 (v0.3) |             ☓              |             ✓              |             ✓              |             ✓              |             ☓              |
-| CAPMOX v1alpha1 (v0.4) |             ☓              |             ✓              |             ✓              |             ✓              |             ☓              |
-| CAPMOX v1alpha1 (v0.5) |             ☓              |             ☓              |             ✓              |             ✓              |             ☓              |
-| CAPMOX v1alpha1 (v0.6) |             ☓              |             ☓              |             ☓              |             ✓              |             ✓              |
+|                        | Cluster API v1beta1 (v1.4) | Cluster API v1beta1 (v1.5) | Cluster API v1beta1 (v1.6) | Cluster API v1beta1 (v1.7) | Cluster API v1beta1 (v1.8) | Cluster API v1beta1 (v1.9) |
+|------------------------|:--------------------------:|:--------------------------:|:--------------------------:|:--------------------------:|:--------------------------:|:--------------------------:|
+| CAPMOX v1alpha1 (v0.1) |             ✓              |             ✓              |             ☓              |             ☓              |             ☓              |             ☓              |
+| CAPMOX v1alpha1 (v0.2) |             ☓              |             ✓              |             ✓              |             ☓              |             ☓              |             ☓              |
+| CAPMOX v1alpha1 (v0.3) |             ☓              |             ✓              |             ✓              |             ✓              |             ☓              |             ☓              |
+| CAPMOX v1alpha1 (v0.4) |             ☓              |             ✓              |             ✓              |             ✓              |             ☓              |             ☓              |
+| CAPMOX v1alpha1 (v0.5) |             ☓              |             ☓              |             ✓              |             ✓              |             ☓              |             ☓              |
+| CAPMOX v1alpha1 (v0.6) |             ☓              |             ☓              |             ☓              |             ✓              |             ✓              |             ☓              |
+| CAPMOX v1alpha1 (v0.7) |             ☓              |             ☓              |             ☓              |             ☓              |             ✓              |             ✓              |
 
 (See [Kubernetes support matrix](https://cluster-api.sigs.k8s.io/reference/versions.html) of Cluster API versions).
 
diff --git a/clusterctl-settings.json b/clusterctl-settings.json
index 18cc093..b2e24d9 100644
--- a/clusterctl-settings.json
+++ b/clusterctl-settings.json
@@ -2,6 +2,6 @@
   "name": "infrastructure-proxmox",
   "config": {
     "componentsFile": "infrastructure-components.yaml",
-    "nextVersion": "v0.6.1"
+    "nextVersion": "v0.7.0"
   }
 }
diff --git a/metadata.yaml b/metadata.yaml
index 001b493..2066af2 100644
--- a/metadata.yaml
+++ b/metadata.yaml
@@ -20,3 +20,6 @@ releaseSeries:
 - major: 0
   minor: 6
   contract: v1beta1
+- major: 0
+  minor: 7
+  contract: v1beta1
diff --git a/test/e2e/config/proxmox-ci.yaml b/test/e2e/config/proxmox-ci.yaml
index 2d6b6a1..54f26fc 100644
--- a/test/e2e/config/proxmox-ci.yaml
+++ b/test/e2e/config/proxmox-ci.yaml
@@ -66,7 +66,7 @@ providers:
   - name: proxmox
     type: InfrastructureProvider
     versions:
-      - name: v0.6.99
+      - name: v0.7.99
         value: "${PWD}/config/default"
         replacements:
           - old: ghcr.io/ionos-cloud/cluster-api-provider-proxmox:dev
diff --git a/test/e2e/config/proxmox-dev.yaml b/test/e2e/config/proxmox-dev.yaml
index 0d2b874..47de4db 100644
--- a/test/e2e/config/proxmox-dev.yaml
+++ b/test/e2e/config/proxmox-dev.yaml
@@ -66,7 +66,7 @@ providers:
   - name: proxmox
     type: InfrastructureProvider
     versions:
-      - name: v0.6.99
+      - name: v0.7.99
         value: "${PWD}/config/default"
         replacements:
           - old: ghcr.io/ionos-cloud/cluster-api-provider-proxmox:dev