In a move that furthers the company’s Fastlane 2030 strategy, automaker Stellantis has agreed to sell its entire shareholding in its Free2Move car-sharing business to Mutares.
Free2move offers short- and long-term no fixed pickup/return station car-sharing that is booked through a mobile app. The company works across more than 170 countries through car subscriptions, parking reservations and charging services. The transaction is expected to conclude by the end of 2026.
Stellantis’ Fastlane 2030 strategy is set to streamline the company by divesting itself of non-core business and investing in its brands. The company plans to release more than 60 new vehicles by 2030, including 29 electric vehicles (EVs).
“By sharpening our focus on core automotive activities, we strengthen our capacity to deliver long-term performance,” said Virgilio Cerutti, head of business development and partnerships at Stellantis.
Meanwhile, Mutares will use Free2Move to establish a new platform in the mobility sector and plans to include revamped management of its international fleet, continued transition to battery-EVs and renewed attention to urban mobility needs.
