diff --git a/HISTORY.rst b/HISTORY.rst
index e67312d5..bed15668 100644
--- a/HISTORY.rst
+++ b/HISTORY.rst
@@ -4,7 +4,7 @@ Release Notes
 PlatformIO 3.0
 --------------
 
-3.1.1 (2016-??-??)
+3.2.0 (2016-??-??)
 ~~~~~~~~~~~~~~~~~~
 
 * Improved detecting of ARM mbed media disk for uploading
diff --git a/platformio/__init__.py b/platformio/__init__.py
index 71167fe7..5ada381a 100644
--- a/platformio/__init__.py
+++ b/platformio/__init__.py
@@ -14,7 +14,7 @@
 
 import sys
 
-VERSION = (3, 1, "1a2")
+VERSION = (3, 2, "0a1")
 __version__ = ".".join([str(s) for s in VERSION])
 
 __title__ = "platformio"