Stellantis has signed an agreement to sell its entire shareholding in the Free2move car-sharing business to investment company Mutares, marking another step in the automaker’s strategy to focus on its core automotive operations.
The transaction is expected to be completed by the end of 2026, subject to customary regulatory approvals, employee consultation processes and other closing conditions.
Free2move to Operate as an Independent Mobility Platform
Free2move provides short- and long-term free-floating car-sharing services through its mobile application, operating fleets across 14 cities in Europe and the United States. The platform allows customers to book vehicles 24 hours a day for flexible urban transportation.
Following the acquisition, Mutares plans to establish Free2move as a new platform within its mobility portfolio. The investment company intends to optimize the business through improved fleet management, continued expansion of battery-electric vehicles and a stronger focus on customer experience and the mobility needs of cities.
Stellantis Sharpens Focus on Core Business
Stellantis said the sale aligns with its FaSTLAne 2030 strategy, which prioritizes disciplined capital allocation and investment in regions, brands and technologies expected to generate the strongest long-term returns.
Virgilio Cerutti, Head of Business Development & Partnerships at Stellantis, said the transaction would allow the company to strengthen its focus on its core automotive activities while ensuring a smooth transition for customers, partners and employees.
Mutares Chief Investment Officer Johannes Laumann said Free2move combines a well-established international brand with significant potential for operational improvements. He added that the company aims to further develop the business into a leading independent mobility platform.
Once the transaction is completed, Free2move is expected to benefit from greater operational flexibility, dedicated investment and increased agility as an independent business under Mutares.
