Stellantis exits Free2move car-sharing to Mutares

Stellantis is offloading Free2move's car-sharing arm to private equity firm Mutares, under an agreement announced on 28 July 2026 that sees Stellantis exit its entire shareholding in the business (Stellantis). The car-sharing operation runs free-floating fleets bookable via app across 14 cities in Europe and the US.

Stellantis positions the deal within its FaSTLAne 2030 plan to sharpen focus on core automotive activities, with Virgilio Cerutti quoted on that rationale in the release, while Mutares' Johannes Laumann is quoted on the brand's turnaround potential. Completion is targeted by year-end 2026 but still needs sign-off from employee representative bodies and regulators, so nothing changes operationally in the short term. Mutares, listed on the Frankfurt exchange under MUX, is a known buyer of corporate carve-outs looking for operational improvement rather than steady-state ownership.

Why this matters: Free2move's car-sharing is distinct from Stellantis' Leasys leasing operation, which isn't part of this sale, so UK fleets using Leasys contracts aren't directly affected. But anyone leaning on Free2move car-sharing as a flexible pool-car or gap-cover option should watch how a private equity owner reshapes pricing and city coverage once the deal closes.