Stellantis sells Free2move car-sharing unit to Mutares, doubling down on core vehicle production

Stellantis has reached an agreement to sell its entire stake in the Free2move car-sharing business to German investment firm Mutares, the automaker announced on Tuesday, 28 July 2026. The transaction is expected to close by the end of 2026, pending regulatory approvals and the completion of information and consultation processes with employee representatives. Financial terms were not disclosed.

The deal

Stellantis will divest its full equity interest in Free2move's car-sharing operations. The sale is part of the FaSTLAne 2030 strategic plan, which adopts a disciplined approach to capital allocation, directing investments toward regions, brands, and technologies that can generate the highest returns. The company said the move allows it to concentrate on its core automotive manufacturing activities. The decision comes as CEO Antonio Filosa continues efforts to sharpen the group's focus on vehicle production.

Free2move's footprint

Free2move provides short- and long-term station-free mobility solutions via a mobile app, available 24 hours a day, seven days a week. It operates one of the most geographically diversified car-sharing platforms, with fleets in 14 cities across Europe and the United States. The service has built an internationally recognized brand, offering flexible rental options without fixed stations.

Strategic rationale

Stellantis's decision reflects a strategy to strengthen its ability to generate long-term value from its core automotive business. By shedding the car-sharing unit, the group aims to reinforce its focus on purely automotive activities. Virgilio Cerutti, Stellantis's head of Business Development & Partnerships, said the move would support sustainable results.

By further focusing our attention on purely automotive activities, we strengthen our ability to achieve sustainable results in the long term. We are committed to close collaboration with all stakeholders to support an orderly transition for customers, partners and employees at every stage of the process.

Mutares's plans

With the acquisition, Mutares will create a new mobility platform. Its plans include a renewed management of the international fleet, continuing the transition to battery-electric vehicles, and a stronger focus on customer experience and the mobility needs of local administrations. Johannes Laumann, CIO of Mutares, highlighted the brand's strength and the operational improvement potential after the separation from Stellantis.

Free2move's car-sharing activities combine the strength of an internationally recognized brand with significant operational improvement potential following the planned separation from Stellantis. Together with the management team, we look forward to strengthening Free2move's operating model and further developing the company to become an independent reference platform in the mobility sector.

What's next

The deal is subject to customary closing conditions, including regulatory approvals and worker consultation processes. Both companies expect the transaction to be completed by the end of 2026. Once independent, Free2move is expected to gain greater operational flexibility, targeted investments, and increased agility to compete in the shared mobility market.