Free2Move

Free2Move

PSA Group-owned shared and alternative mobility family of services accessible in a single app.

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Total Funding000k
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Free2Move, established in 2016 by Stellantis, operates as a comprehensive mobility solutions provider. The company's core offering is a single platform that integrates car-sharing, rental, and subscription services, giving users access to a wide range of vehicles for durations from a few minutes to several months. This service aims to simplify mobility by allowing customers to book and pay for various transportation options through a single application.

In addition to consumer services, Free2Move offers fleet management and telematics solutions for businesses. This includes tools for tracking vehicle data, optimizing fleet performance, and managing maintenance, aimed at reducing the total cost of ownership for business clients. The company has expanded its global footprint significantly, partly through the acquisition of companies like Share Now, which added a large number of cities and vehicles to its car-sharing network. This strategic acquisition, completed in 2022, positioned Free2Move as a major player in the free-floating car-sharing market.

The company's business model is multifaceted, generating revenue from direct-to-consumer mobility services (pay-per-use, rentals, subscriptions) and from B2B fleet management solutions. By serving both individual users and businesses, Free2Move addresses a broad spectrum of the mobility market. The platform aggregates vehicles from its own fleet as well as those from partners, providing a diverse selection to its user base, which exceeds millions of customers globally.

Keywords: mobility solutions, car sharing, vehicle rental, fleet management, car subscription, telematics, multimodal transport, smart mobility, mobility-as-a-service, automotive

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Investments by Free2Move

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TravelCar
ACQUISITION by PSA Group Feb 2019
Kuantic
ACQUISITION by Free2Move Dec 2023