Stellantis has agreed to sell its entire stake in the Free2move car-sharing business to investment company Mutares SE & Co. KGaA, with the transaction expected to close by the end of 2026, subject to customary regulatory approvals and other closing conditions.
The divestment forms part of Stellantis’ capital allocation strategy under its FaSTLAne 2030 plan, which prioritizes investment in regions, brands and technologies expected to generate stronger long-term returns.
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Free2move to Operate as Independent Mobility Platform
Free2move provides short- and long-term free-floating car-sharing services through a mobile application and operates fleets across 14 cities in Europe and the United States.
Following the acquisition, Mutares plans to establish a new mobility platform centered on the Free2move business. The investment firm said it intends to enhance fleet management, continue the transition toward battery-electric vehicles and strengthen customer experience while addressing the evolving mobility needs of cities.
As an independent company under Mutares ownership, the car-sharing business is expected to benefit from greater operational flexibility, dedicated investment and an increased focus on growth in the competitive shared mobility market.
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Virgilio Cerutti, Head of Business Development & Partnerships at Stellantis, said the transaction supports the automaker’s strategic priorities.
“By sharpening our focus on core automotive activities, we strengthen our capacity to deliver long-term performance.”
He added that Stellantis will work with customers, employees and business partners to ensure an orderly transition.
“We are committed to working closely with all stakeholders to support a smooth transition process for customers, partners, and employees.”
Johannes Laumann, Chief Investment Officer of Mutares, said the acquisition provides an opportunity to further develop the business as a standalone company.
“Free2move’s car-sharing business combines a strong, internationally recognized brand with clear potential for operational improvement following an intended carve-out from Stellantis.”
He added that Mutares plans to strengthen the company’s operating model following completion of the transaction.
“Together with the management team, we look forward to strengthening Free2move’s operating model and further developing the company into an independent leading platform in the mobility sector.”
The transaction remains subject to consultations with employee representative bodies, regulatory approvals and other customary closing conditions.
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