Alevo Idea

The idea & name of Alevo is hatched in order to sell batteries developed by Fortu PowerCell.

Founding of ALEVO GROUP SA in Switzerland.

June 2014 reports of funding from a narcotics smuggler

Newspaper reports suggest that Alevo has been financed by a narcotics smuggler

2013 & 2014 - raise money & party!

Key period for raising money from “real” investors & also sowing the seeds of the ultimate demise.

Real Estate Advisory Fees of $5 million paid out

In 2014 Harrison Wellford, later to become a Board member, is paid $3 million, and TGS is paid $2 million for “Real Estate Consulting”.

Alevo launch event

On October 28, 2014, Alevo goes all out in its grand launch event promising lots of jobs and getting hugs from the local governor.

2015 - 2016 The Hangover, Part 1

Finally shareholders get to start asking real questions, firing a director and Alevo reveals it is spending $4.2million per month and almost going bankrupt.

First in depth negative newspaper profile of Alevo