Stellantis will sell Free2move’s car-sharing business to private equity investor Mutares.
The transaction is expected to conclude by the end of 2026, subject to customary closing conditions.
Virgilio Cerutti, head of business development & partnerships at Stellantis, said: “By sharpening our focus on core automotive activities, we strengthen our capacity to deliver long-term performance.
“We are committed to working closely with all stakeholders to support a smooth transition process for customers, partners, and employees.”
Free2move offers short and long-term free-floating car-sharing, bookable 24/7 through a proprietary mobile application.
Its plans include the revamped management of its international fleet, continued transition to battery-electric vehicles, and renewed attention to customer experience and the urban mobility needs of municipalities.
As an independent entity under Mutares, Free2move’s car-sharing business is expected to benefit from enhanced agility, dedicated investment and increased operational flexibility.
This transaction aligns with the strategy set out in Stellantis’ FaSTLAne 2030 plan, applying a disciplined approach to capital allocation, directing investments and resources to regions, brands and technologies that can generate the strongest returns.
Johannes Laumann, CIO of Mutares, said: “Free2move’s car-sharing business combines a strong, internationally recognized brand with clear potential for operational improvement following an intended carve-out from Stellantis.
“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.”
