diff --git a/GITALY_SERVER_VERSION b/GITALY_SERVER_VERSION
index 21998d3c2d9ec6777d9a65749826f4b33972abfd..9db5ea12f52279a37e2d5c8280e97f2c9f83aa8a 100644
--- a/GITALY_SERVER_VERSION
+++ b/GITALY_SERVER_VERSION
@@ -1 +1 @@
-1.47.0
+1.48.0