Mutares takes over Free2Move - Stellantis sells its car-sharing platform as part of its 2030 strategy
The Stellantis automotive group has officially confirmed the sale of its car-sharing and mobility services service Free2Move to the German investment fund Mutares. The transaction is expected to be completed by the end of this year and is an integral part of the automotive giant's reorganization strategy for the 2030 horizon.
In a strategic move aimed at reconfiguring the group's portfolio and resources, Stellantis is divesting one of Europe's best-known urban mobility platforms. The buyer, Mutares, is a German investment company specialized in the automotive sector and mobility technologies, ready to take over and further develop the Free2Move network.
A history of successive mergers and expansions
The Free2Move story began in 2016, as an initiative launched at that time under the leadership of Carlos Tavares, former CEO of the PSA Group (and later CEO of Stellantis). In 2021, with the merger between the PSA Group and Fiat Chrysler Automobiles (FCA) resulting in Stellantis, Free2Move was fully integrated into the structure of the new automotive giant.
The culmination of the service's expansion came in 2022, when Stellantis acquired Share Now — the rival ride-sharing and car-sharing platform previously created through a partnership between the Germans from Mercedes-Benz and BMW. By merging Free2Move and Share Now, the group had created one of the strongest players in the European urban mobility market.
A massive network and millions of users
Currently, Free2Move represents an impressive ecosystem in the on-demand transportation services sector:
- Over 6 million registered customers use the platform's application and services.
- The platform operates directly in 14 major cities in Europe.
- Its own fleet numbers over 12,000 vehicles.
- Through partner networks and franchise systems, the platform integrates a total number of over 450,000 cars.
A decision aligned with the 2030 strategy
Stellantis representatives stated that the decision to sell Free2Move is directly linked to the group's strategic plan for 2030, which aims to streamline capital and focus resources on core activities, such as production and electrification of the vehicle range.
For the German company Mutares, the acquisition of Free2Move represents a major expansion opportunity in the digital mobility services sector. The formal completion of the transaction is subject to obtaining the usual approvals from the regulatory authorities and is expected to take place by the end of this year.