The idea & name of Alevo is hatched in order to sell batteries developed by Fortu PowerCell.
Founding of ALEVO GROUP SA in Switzerland.
Jostein Eikeland initially has over 90% of the shares. Over time these would appear to all dissipate.
June 2014 reports of funding from a narcotics smuggler
Newspaper reports suggest that Alevo has been financed by a narcotics smuggler