Stellantis to sell Free2move business to Mutares

Stellantis and Mutares SE & Co. have agreed the sale of Stellantis’ entire shareholding in the Free2move car-sharing business to Mutares.

The transaction is expected to conclude by the end of 2026, subject to customary closing conditions.

Free2move offers short- and long-term free-floating car-sharing, operating fleets across 14 cities in Europe and the US.

Stellantis said that this transaction aligns with the strategy set out in its FaSTLAne 2030 plan.

With the signing of an agreement to acquire Free2move’s car-sharing business, Mutares is aims to establish a platform in the mobility sector.

Its plans include the revamped management of its international fleet, continued transition to battery electric vehicles (BEVs), 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 gain access to dedicated investment and increased operational flexibility to help it pursue growth in a competitive mobility market.

Virgilio Cerutti, head of business development and partnerships at Stellantis, said: “By sharpening our focus on core automotive activities, we strengthen our capacity to deliver long-term performance.