diff --git a/platformio/__init__.py b/platformio/__init__.py
index 9f634ac1..bca2f0d5 100644
--- a/platformio/__init__.py
+++ b/platformio/__init__.py
@@ -14,7 +14,7 @@
 
 import sys
 
-VERSION = (5, 1, "0rc2")
+VERSION = (5, 1, "0rc3")
 __version__ = ".".join([str(s) for s in VERSION])
 
 __title__ = "platformio"