diff --git a/components/esp_modem/.cz.yaml b/components/esp_modem/.cz.yaml
index 1c12265c8..736d036f0 100644
--- a/components/esp_modem/.cz.yaml
+++ b/components/esp_modem/.cz.yaml
@@ -3,6 +3,6 @@ commitizen:
   bump_message: 'bump(modem): $current_version -> $new_version'
   pre_bump_hooks: python ../../ci/changelog.py esp_modem
   tag_format: modem-v$version
-  version: 1.3.0
+  version: 1.4.0
   version_files:
   - idf_component.yml
diff --git a/components/esp_modem/CHANGELOG.md b/components/esp_modem/CHANGELOG.md
index 6b3bf59b9..c899cd309 100644
--- a/components/esp_modem/CHANGELOG.md
+++ b/components/esp_modem/CHANGELOG.md
@@ -1,5 +1,19 @@
 # Changelog
 
+## [1.4.0](https://github.com/espressif/esp-protocols/commits/modem-v1.4.0)
+
+### Features
+
+- added config_edrx api function ([74b7d85d](https://github.com/espressif/esp-protocols/commit/74b7d85d))
+- added sqn_gm02s connect function ([b97dfc08](https://github.com/espressif/esp-protocols/commit/b97dfc08))
+- add support for sequans GM02S modem ([8560f021](https://github.com/espressif/esp-protocols/commit/8560f021))
+
+### Bug Fixes
+
+- Fix cmux log message ([6ed672da](https://github.com/espressif/esp-protocols/commit/6ed672da))
+- fixed minor code mistakes. ([317faf89](https://github.com/espressif/esp-protocols/commit/317faf89))
+- handle nullptr in DTE constructors to prevent invalid access ([95b56600](https://github.com/espressif/esp-protocols/commit/95b56600))
+
 ## [1.3.0](https://github.com/espressif/esp-protocols/commits/modem-v1.3.0)
 
 ### Features
diff --git a/components/esp_modem/idf_component.yml b/components/esp_modem/idf_component.yml
index e8d0a0d66..9eeac6670 100644
--- a/components/esp_modem/idf_component.yml
+++ b/components/esp_modem/idf_component.yml
@@ -1,4 +1,4 @@
-version: "1.3.0"
+version: "1.4.0"
 description: Library for communicating with cellular modems in command and data modes
 url: https://github.com/espressif/esp-protocols/tree/master/components/esp_modem
 issues: https://github.com/espressif/esp-protocols/issues