Free2move offers short- and long-term free-floating car-sharing, bookable 24/7 through a proprietary mobile application. It claims to operate one of the most geographically diversified car-sharing platforms, with fleets across 14 cities in Europe and the United States.

With the agreement to acquire Free2move’s car-sharing business, Mutares said it “establishes a new platform in the mobility sector. Its plans include the revamped management of its international fleet, continued transition to battery-electric vehicles, and renewed attention to customer experience and the urban mobility needs of municipalities. As an independent entity under Mutares, Free2move’s car-sharing business is expected to benefit from enhanced agility, dedicated investment and increased operational flexibility, helping it pursue growth in a competitive mobility market.”

“Free2move’s car-sharing business combines a strong, internationally recognized brand with clear potential for operational improvement following an intended carve-out from Stellantis,” commented Johannes Laumann, CIO of Mutares, adding: “Together with the management team, we look forward to strengthening Free2move’s operating model and further developing the company into an independent leading platform in the mobility sector.”