Stellantis Sells Free2move Car-Sharing Brand to German Private Equity Firm Mutares

Stellantis has announced the sale of its Free2move car-sharing division to Mutares SE & Co. KGaA, a German private equity firm. The transaction is expected to close by the end of the year, as Stellantis shifts focus to core automotive activities under its FaSTLAne 2030 strategy. Free2move, which operates in multiple European and U.S. cities, offers car-sharing, rentals, and parking services with over six million customers. The brand, originally acquired through PSA, has largely flown under the radar despite its international presence in cities like Amsterdam, Rome, Madrid, Paris, Berlin, and Washington DC. Stellantis’ Head of Business Development & Partnerships, Virgilio Cerutti, emphasized the move aligns with strengthening long-term performance by prioritizing investments in regions, brands, and technologies with the strongest returns. Mutares’ Chief Investment Officer, Johannes Laumann, highlighted Free2move’s brand recognition and potential for operational improvement as key factors in the acquisition. The deal marks a strategic pivot for Stellantis as it exits non-core mobility ventures to concentrate on higher-return automotive initiatives.