diff --git a/.bumpversion.toml b/.bumpversion.toml
index e18a871..88525cd 100644
--- a/.bumpversion.toml
+++ b/.bumpversion.toml
@@ -1,5 +1,5 @@
 [tool.bumpversion]
-current_version = "0.0.0"
+current_version = "0.1.0"
 commit = true
 commit_args = "--no-verify"
 tag = true
diff --git a/README.md b/README.md
index 546e120..60b98e5 100644
--- a/README.md
+++ b/README.md
@@ -1,4 +1,4 @@
-# sparsejac 0.0.0
+# sparsejac 0.1.0
 Efficient forward- and reverse-mode sparse Jacobians using Jax.
 
 Sparse Jacobians are frequently encountered in the simulation of physical systems. Jax tranformations `jacfwd` and `jacrev` make it easy to compute dense Jacobians, but these are wasteful when the Jacobian is sparse. `sparsejac` provides a function to more efficiently compute the Jacobian if its sparsity is known. It makes use of the recently-introduced `jax.experimental.sparse` module.
diff --git a/pyproject.toml b/pyproject.toml
index 4c11300..454ac4d 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,7 +1,7 @@
 [project]
 
 name = "sparsejac"
-version = "0.0.0"
+version = "0.1.0"
 description = "Efficient forward- and reverse-mode sparse Jacobians using Jax."
 keywords = ["jax", "jacobian", "sparse"]
 readme = "README.md"
diff --git a/src/sparsejac/__init__.py b/src/sparsejac/__init__.py
index af47df2..05ef20e 100644
--- a/src/sparsejac/__init__.py
+++ b/src/sparsejac/__init__.py
@@ -1,6 +1,6 @@
 """sparsejac - Efficient forward- and reverse-mode sparse Jacobians using Jax."""
 
-__version__ = "0.0.0"
+__version__ = "0.1.0"
 __author__ = "Martin Schubert <mfschubert@gmail.com>"
 
 from sparsejac.sparsejac import jacrev as jacrev