Stellantis Sells Free2move Car-Sharing Business to Private Equity Firm Mutares
Stellantis has agreed to sell its entire Free2move car-sharing business to private equity firm Mutares, with the deal expected to close by the end of 2026.
- 14 in Europe and the United States
- End of 2026
What Happened
Stellantis and Mutares SE & Co. KGaA announced an agreement for the sale of Stellantis' entire shareholding in the Free2move car-sharing business. The transaction is subject to customary closing conditions, including employee consultations and regulatory approvals, and is expected to conclude by the end of 2026. Free2move offers short- and long-term free-floating car-sharing, bookable 24/7 through a mobile app, operating in 14 cities across Europe and the United States.
The sale aligns with Stellantis' FaSTLAne 2030 strategy, which emphasizes disciplined capital allocation to regions, brands, and technologies with the strongest returns. For Mutares, acquiring Free2move establishes a new platform in the mobility sector. The private equity firm plans to revamp fleet management, transition to battery-electric vehicles, and refocus on customer experience and urban mobility needs.
“By sharpening our focus on core automotive activities, we strengthen our capacity to deliver long-term performance.”
“Free2move's car-sharing business combines a strong, internationally recognized brand with clear potential for operational improvement following an intended carve-out from Stellantis.”
Agreement announced between Stellantis and Mutares to sell Free2move car-sharing business.
Expected closing, subject to regulatory approvals and employee consultations.
Why this matters
This sale allows Stellantis to focus on its core automotive business and allocate capital more efficiently under its FaSTLAne 2030 plan. For customers, the car-sharing service will continue under Mutares, which plans to invest in electrification and improve the user experience. The deal affects employees and partners who will transition to the new owner.
Terms in This Story
- Car-sharing
- A service that allows users to rent vehicles for short periods, often by the hour or minute.
- Free-floating car-sharing
- A type of car-sharing where vehicles can be picked up and dropped off anywhere within a designated zone, rather than at fixed stations.
- Private equity
- Investment funds that buy and restructure companies, often with the goal of selling them later for a profit.
- Carve-out
- The sale of a division or subsidiary of a company as a standalone business.
Summarised from the linked release; details can be imperfect — always verify against the original source.