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FinanceStellantis to divest Free2move car-sharing arm to German PE firm Mutares
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Stellantis has agreed to sell its entire stake in the Free2move car-sharing division to German private equity firm Mutares. Free2move, founded in 2016, operates short- and long-term free-floating fleets in 14 cities across Europe and the US, making it one of the most geographically diversified car-sharing operators. The divestment aligns with Stellantis' FaSTLAne 2030 strategy, which emphasizes disciplined capital allocation toward regions, brands, and technologies expected to deliver the strongest returns. For Mutares, the acquisition marks entry into a new mobility platform. Mutares plans to overhaul the unit's international fleet management, accelerate the shift to battery-electric vehicles, and enhance customer experience alongside municipal urban mobility needs. The deal is expected to close by year-end, pending regulatory approvals. Stellantis CEO Antonio Filosa is steering a turnaround to reverse declining market share in the US and Europe and counter competition from Chinese manufacturers.
Source report
GlobalData | Wed, July 29, 2026 at 3:26 AM PDT | 2 min read
Stellantis has reached an agreement to sell its entire stake in the car-sharing division Free2move to Mutares, a German private equity firm.
Free2move, founded in 2016, operates short- and long-term free-floating fleets across 14 cities in Europe and the United States. According to the press statement, this footprint makes it one of the more "geographically diversified" operators in the car-sharing sector.
Strategic Context
The divestment aligns with Stellantis' broader FaSTLAne 2030 strategy, under which the carmaker has stated it takes a disciplined approach to capital allocation, directing investment toward the regions, brands, and technologies expected to deliver the strongest returns.
Mutares' Plans
For Mutares, the acquisition marks its entry into a new platform within the mobility sector. The firm intends to:
- Overhaul management of the unit's international fleet
- Accelerate the transition to battery-electric vehicles
- Place greater emphasis on customer experience
- Address urban mobility requirements of municipal authorities
Mutares CIO Johannes Laumann said: "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."
Timeline and Conditions
Finalisation of the arrangement with Mutares is anticipated by year-end, subject to regulatory clearances and other customary conditions.
Broader Stellantis Developments
Stellantis introduced its €60 billion ($68.37 billion) strategic plan in May. CEO Antonio Filosa has been steering a turnaround strategy aimed at reversing the company's declining market share across the US and Europe, while also countering intensifying competition from Chinese manufacturers in both European and developing markets.
On the latest deal, Stellantis business development & partnerships head Virgilio Cerutti added: "By sharpening our focus on core automotive activities, we strengthen our capacity to deliver long-term performance."
Also in May, Stellantis revealed its E-Car project, targeting small, affordable vehicles, with the first models due to enter production in 2028. Stellantis said the "E" in E-Car represents European, Emotion, Electric, and Environmental friendliness.
"Stellantis to divest Free2move car-sharing arm to Mutares" was originally created and published by Just Auto, a GlobalData owned brand.
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Stellantis to divest Free2move car-sharing arm to Mutares