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Stellantis has agreed to sell its Free2move car-sharing business to German investment firm Mutares as the global automaker continues to streamline operations and prioritize its core vehicle manufacturing business under CEO Antonio Filosa.
The French-Italian automotive group announced the transaction on Tuesday but did not disclose the financial terms. The deal is expected to be completed by the end of the year, subject to customary closing conditions.
The sale aligns with Stellantis’ long-term business strategy introduced in May, which emphasizes disciplined capital allocation, stronger focus on its core automotive operations, and expanded partnerships in manufacturing and technology. The move reflects the company’s broader effort to improve efficiency while concentrating resources on vehicle production and innovation.
“By sharpening our focus on core automotive activities, we strengthen our capacity to deliver long-term performance,” said Virgilio Cerutti, Stellantis’ head of business development and partnerships.
Free2move currently operates short- and long-term free-floating car-sharing services in 14 cities across Europe and the United States. The mobility platform was originally established in 2016 by PSA Group, the Peugeot maker, as part of a strategy to expand beyond traditional car manufacturing into mobility services.
Following the 2021 merger of PSA Group and Fiat Chrysler that created Stellantis, Free2move continued operating alongside the company’s leasing and mobility businesses. However, the latest divestment signals Stellantis’ intention to simplify its portfolio and focus on businesses that directly support its automotive growth strategy.
For Munich-based Mutares, the acquisition marks a significant expansion into the mobility sector. The investment company said it plans to continue developing Free2move while accelerating its transition toward battery-electric vehicle fleets, reflecting growing demand for sustainable transportation solutions.
The transaction underscores Stellantis’ ongoing restructuring efforts as the automaker adapts to changing market conditions, rising competition, and the industry's shift toward electrification, while allowing Mutares to expand its presence in the evolving mobility services market.
