diff --git a/.gitignore b/.gitignore
index f4202283b..0aacc6274 100644
--- a/.gitignore
+++ b/.gitignore
@@ -9,3 +9,6 @@ dist/
 doc/changelog.rst
 venv*
 website-build/
+
+# auto-generated by hatch
+eventlet/_version.py
\ No newline at end of file
diff --git a/eventlet/__init__.py b/eventlet/__init__.py
index 16d32cbd8..959af3fd6 100644
--- a/eventlet/__init__.py
+++ b/eventlet/__init__.py
@@ -17,7 +17,19 @@
 from eventlet import semaphore
 from eventlet import support
 from eventlet import timeout
+# NOTE(hberaud): Versions are now managed by hatch and control version.
+# hatch has a build hook which generates the version file, however,
+# if the project is installed in editable mode then the _version.py file
+# will not be updated unless the package is reinstalled (or locally rebuilt).
+# For further details, please read:
+# https://github.com/ofek/hatch-vcs#build-hook
+# https://github.com/maresb/hatch-vcs-footgun-example
+try:
+    from eventlet._version import __version__
+except ImportError:
+    __version__ = "0.0.0"
 import greenlet
+
 # Force monotonic library search as early as possible.
 # Helpful when CPython < 3.5 on Linux blocked in `os.waitpid(-1)` before first use of hub.
 # Example: gunicorn
diff --git a/pyproject.toml b/pyproject.toml
index b08d9ec61..7be6115e7 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -59,3 +59,6 @@ exclude = ["tests*", "benchmarks", "examples"]
 
 [tool.hatch]
 version.source = "vcs"
+
+[tool.hatch.build.hooks.vcs]
+version-file = "eventlet/_version.py"