Overview
- Stellantis and Munich-based private equity firm Mutares announced an agreement for Mutares to buy Stellantis’ entire shareholding in the Free2move car‑sharing business.
- The deal covers only Free2move’s free‑floating car‑sharing operation, which runs fleets across 14 cities in Europe and the United States, and financial terms were not disclosed.
- The transaction, which Stellantis and Mutares made public on Tuesday, is expected to close by the end of 2026 and remains subject to employee consultation, regulatory approvals, and other customary conditions.
- Mutares said it will operate Free2move as an independent mobility platform focused on operational improvements, revamped fleet management, and a continued shift to battery‑electric vehicles.
- The sale reflects Stellantis’ wider move to prioritize core vehicle manufacturing and stricter capital discipline, and it raises questions about whether a standalone operator can make free‑floating car‑sharing profitable for customers, staff, and city partners.