diff --git a/esphome/platformio_api.py b/esphome/platformio_api.py
index 4866119902..fe86fea1cf 100644
--- a/esphome/platformio_api.py
+++ b/esphome/platformio_api.py
@@ -22,13 +22,13 @@ def patch_structhash():
     from os import makedirs
 
     def patched_clean_build_dir(build_dir, *args):
-        from platformio import util
+        from platformio import fs
         from platformio.project.helpers import get_project_dir
         platformio_ini = join(get_project_dir(), "platformio.ini")
 
         # if project's config is modified
         if isdir(build_dir) and getmtime(platformio_ini) > getmtime(build_dir):
-            util.rmtree_(build_dir)
+            fs.rmtree(build_dir)
 
         if not isdir(build_dir):
             makedirs(build_dir)
diff --git a/requirements.txt b/requirements.txt
index 09b8cfecb9..29d987fc6c 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -8,6 +8,6 @@ tzlocal==2.1
 pytz==2020.1
 pyserial==3.4
 ifaddr==0.1.7
-platformio==4.3.4
+platformio==5.0.1
 esptool==2.8
 click==7.1.2