diff --git a/lib/shakapacker/version.rb b/lib/shakapacker/version.rb
index e48f7ac9b..0486c0548 100644
--- a/lib/shakapacker/version.rb
+++ b/lib/shakapacker/version.rb
@@ -1,4 +1,4 @@
 module Shakapacker
   # Change the version in package.json too, please!
-  VERSION = "7.1.0".freeze
+  VERSION = "7.2.0.rc.0".freeze
 end
diff --git a/package.json b/package.json
index 95d64ced2..652b0babe 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "shakapacker",
-  "version": "7.1.0",
+  "version": "7.2.0-rc.0",
   "description": "Use webpack to manage app-like JavaScript modules in Rails",
   "main": "package/index.js",
   "types": "package/index.d.ts",