Stellantis has agreed to sell its entire stake in car-sharing division Free2move to German private equity firm Mutares. Free2move operates short- and long-term free-floating fleets in 14 cities across Europe and the US, making it one of the more geographically diversified operators in the sector. The divestment aligns with Stellantis' FaSTLAne 2030 strategy of disciplined capital allocation, while Mutares gains a new mobility platform and plans to overhaul fleet management, accelerate the shift to battery-electric vehicles, and enhance customer experience. The deal is expected to close by year-end, subject to regulatory approvals.
Stellantis NVDivestiture aligns with disciplined capital allocation strategy under FaSTLAne 2030.
Mutares SE & Co. KGaAAcquires a geographically diversified mobility platform with plans to overhaul fleet management.