diff --git a/charts/opentelemetry-collector/Chart.yaml b/charts/opentelemetry-collector/Chart.yaml
index cbe1f9b0c9..c79b25b008 100644
--- a/charts/opentelemetry-collector/Chart.yaml
+++ b/charts/opentelemetry-collector/Chart.yaml
@@ -1,6 +1,6 @@
 apiVersion: v2
 name: opentelemetry-collector
-version: 0.149.0
+version: 0.150.0
 description: OpenTelemetry Collector Helm chart for Kubernetes
 type: application
 home: https://opentelemetry.io/
diff --git a/charts/opentelemetry-collector/templates/daemonset.yaml b/charts/opentelemetry-collector/templates/daemonset.yaml
index 6cc106e800..49f34543db 100644
--- a/charts/opentelemetry-collector/templates/daemonset.yaml
+++ b/charts/opentelemetry-collector/templates/daemonset.yaml
@@ -1,5 +1,5 @@
 {{- if eq .Values.mode "daemonset" -}}
-apiVersion: apps/v1
+apiVersion: {{ .Values.apiVersion }}
 kind: DaemonSet
 metadata:
   name: {{ include "opentelemetry-collector.fullname" . }}-agent
diff --git a/charts/opentelemetry-collector/templates/deployment.yaml b/charts/opentelemetry-collector/templates/deployment.yaml
index 769177c546..8e8b9689c3 100644
--- a/charts/opentelemetry-collector/templates/deployment.yaml
+++ b/charts/opentelemetry-collector/templates/deployment.yaml
@@ -1,5 +1,5 @@
 {{- if eq .Values.mode "deployment" -}}
-apiVersion: apps/v1
+apiVersion: {{ .Values.apiVersion }}
 kind: Deployment
 metadata:
   name: {{ include "opentelemetry-collector.fullname" . }}
diff --git a/charts/opentelemetry-collector/templates/statefulset.yaml b/charts/opentelemetry-collector/templates/statefulset.yaml
index 7be4b3f1f6..f4dbf93651 100644
--- a/charts/opentelemetry-collector/templates/statefulset.yaml
+++ b/charts/opentelemetry-collector/templates/statefulset.yaml
@@ -1,5 +1,5 @@
 {{- if eq .Values.mode "statefulset" -}}
-apiVersion: apps/v1
+apiVersion: {{ .Values.apiVersion }}
 kind: StatefulSet
 metadata:
   name: {{ include "opentelemetry-collector.fullname" . }}
@@ -29,6 +29,12 @@ spec:
       {{- include "opentelemetry-collector.selectorLabels" . | nindent 6 }}
       {{- include "opentelemetry-collector.component" . | nindent 6 }}
   updateStrategy:
+    {{- if eq .Values.rollout.strategy "RollingUpdate" }}
+    {{- with .Values.rollout.rollingUpdate }}
+    rollingUpdate:
+      {{- toYaml . | nindent 6 }}
+    {{- end }}
+    {{- end }}
     type: {{ .Values.rollout.strategy }}
   template:
     metadata:
diff --git a/charts/opentelemetry-collector/values.schema.json b/charts/opentelemetry-collector/values.schema.json
index ce7e9d01b7..2989d1b925 100644
--- a/charts/opentelemetry-collector/values.schema.json
+++ b/charts/opentelemetry-collector/values.schema.json
@@ -40,6 +40,10 @@
         ""
       ]
     },
+    "apiVersion": {
+      "type": "string",
+      "description": "Override the default apiVersion for custom controllers or testing new API versions. Applies to daemonset, deployment, and statefulset modes."
+    },
     "namespaceOverride": {
       "type": "string",
       "description": "Name of the namespace to deploy the resources into."
@@ -1283,6 +1287,7 @@
     }
   },
   "required": [
+    "apiVersion",
     "mode"
   ]
 }
diff --git a/charts/opentelemetry-collector/values.yaml b/charts/opentelemetry-collector/values.yaml
index 0ac9fcfb9f..470fb2d166 100644
--- a/charts/opentelemetry-collector/values.yaml
+++ b/charts/opentelemetry-collector/values.yaml
@@ -8,6 +8,9 @@ fullnameOverride: ""
 # Valid values are "daemonset", "deployment", and "statefulset".
 mode: ""
 
+# Override the default apiVersion for custom controllers or for testing new API versions.
+apiVersion: "apps/v1"
+
 # Specify which namespace should be used to deploy the resources into
 namespaceOverride: ""