diff --git a/upup/pkg/fi/cloudup/apply_cluster.go b/upup/pkg/fi/cloudup/apply_cluster.go
index a75516dbea..0eed4237ed 100644
--- a/upup/pkg/fi/cloudup/apply_cluster.go
+++ b/upup/pkg/fi/cloudup/apply_cluster.go
@@ -1153,8 +1153,8 @@ func (c *ApplyClusterCmd) AddFileAssets(assetBuilder *assets.AssetBuilder) error
 
 		urlString := os.Getenv("LYFT_VPC_DOWNLOAD_URL")
 		if urlString == "" {
-			urlString = "https://github.com/lyft/cni-ipvlan-vpc-k8s/releases/download/v0.4.2/cni-ipvlan-vpc-k8s-v0.4.2.tar.gz"
-			hash, err = hashing.FromString("bfdc65028a3bf8ffe14388fca28ede3600e7e2dee4e781908b6a23f9e79f86ad")
+			urlString = "https://github.com/lyft/cni-ipvlan-vpc-k8s/releases/download/v0.5.0/cni-ipvlan-vpc-k8s-v0.5.0.tar.gz"
+			hash, err = hashing.FromString("0019dfc4b32d63c1392aa264aed2253c1e0c2fb09216f8e2cc269bbfb8bb49b5")
 			if err != nil {
 				// Should be impossible
 				return fmt.Errorf("invalid hard-coded hash for lyft url")