MOSECO Drives Change with Electric Vehicles

For years, Modern Scientific Electronic Company (MOSECO) relied on a fleet of fuel cars to support its communication technology services across the region. But rising fuel and maintenance costs pushed the company to look for a smarter solution — one that would strengthen its business while supporting sustainability goals.

With support from the Green Economy Financing Facility (GEFF) through Cairo Amman Bank (CAB), MOSECO made the move to electric mobility. The decision followed a detailed economic study carried out by the company’s management, which showed that replacing fuel cars with electric vehicles (EVs) would reduce costs and improve efficiency without compromising performance.

The company’s first step was captured in a video, showing four EVs already in operation. Since then, the fleet has grown to nine vehicles, financed through four GEFF loans. In total, MOSECO invested US$ 176,128, supported by a 10% cashback incentive of US$ 17,612.83.

The change is easy to see on the ground: lower fuel bills, fewer repairs, and smoother trips for the company’s teams. Over a year, the fleet also avoids about 23.22 tonnes of emissions, showing how a business decision can deliver both economic and environmental value.

As General Manager Ahmad Anaan explained: “We studied this move carefully. Switching to EVs makes sense both economically and environmentally, giving us stronger operations today and a sustainable path forward.”

Through GEFF and Cairo Amman Bank, MOSECO demonstrates how companies in Jordan can adapt to changing market needs, strengthen their competitiveness, and support the transition to a greener future — one vehicle at a time.

The Green Economy Financing Facility (GEFF) in Jordan is developed by the European Bank for Reconstruction and Development (EBRD) and is supported by the European Union (EU) and the Green Climate Fund (GCF).