Stellantis offloads carsharing arm Free2move to turnaround investor Mutares
What's the deal? StellantisDealroom has a profile for this one. Try Dealroom → is selling its carsharing provider Free2moveDealroom has a profile for this one. Try Dealroom → to Munich-based investor MutaresDealroom has a profile for this one. Try Dealroom →. Mutares specialises in carve-outs from large corporations and turnaround cases.
What's the endgame? Mutares plans to overhaul how Free2move manages its fleet and deploy more electric vehicles. With fresh investment and greater operational flexibility, it aims to return the business to growth despite tough competition.
Why now? Mutares sees "clear potential for operational improvements," according to management board member Johannes Laumann.
The signal: The sale fits a pattern of automakers shedding mobility side businesses that struggle to scale, handing them to specialist investors betting on a turnaround.
Read more: WirtschaftsWoche
