Mutares agrees to acquire Free2move car-sharing business from Stellantis
- Mutares plans to revamp Free2move’s international fleet management and accelerate its shift to battery-electric vehicles
- Free2move will operate as an independent entity, aiming for increased agility and dedicated investment under Mutares
- Free2move will operate as an independent entity, aiming for increased agility and dedicated investment under Mutares
Mutares has agreed to acquire Stellantis’ entire stake in Free2move’s car-sharing business, establishing a new platform in the mobility sector.
Free2move offers short- and long-term free-floating car-sharing, bookable through a proprietary mobile application. It operates one of the most geographically diversified car-sharing platforms, with fleets across 14 cities in Europe and the US, according to a press statement.
Mutares’ plans for the business include 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.
Completion of the transaction is expected by the end of 2026, subject to information and consultation processes with employee representative bodies, regulatory approvals and other customary closing conditions.
Editor’s note: This news brief was produced with the assistance of artificial intelligence.
