Timeline of Companies

The top three metrics to focus on when deciding to invest in any company are: 

1) management

2) management

3) management

It’s so important to success, it’s everything,  This is true whether the company makes toothpicks or satellites. I invite you to take a look into the management of Aptera below before deciding to give the concept and company your money.  

Includes funding sources, legal issues, and current status

🚗 2005 – Aptera Motors (original v1)

• Founders: Chris Anthony, Steve Fambro

• Mission: Hyper-efficient three-wheeled EV

• Funding: Private VC; failed DOE ATVM loan (~$75M)

• Legal Issues: None reported

• Status: Closed in 2011, IP sold to Zaptera

• Media: 

  1. 1. • Wikipedia – Aptera Motors

        • 200 mpg Aptera still in the works, says owner
          
          

🛥️ 2005 – Epic Boats / Epic Wake Boats / Epic Electric Vehicles

• Founder: Chris Anthony

• Mission: Hybrid and electric wakeboard boats and composite EV platforms

• Notable Products: 23V wake boat; 23E hybrid wakeboard boat with a series hybrid system

• Funding: Privately funded by Anthony & affiliates

• Legal Issues: 2024 customer complaints about battery failures in carts; no formal recalls or suits

• Status: Active in 2009–2010, notably for wakeboat innovation; appears inactive commercially since 2015

• Media:

  • Wired "Fast, Clean Speedboat..." (2009) 

  • Wakeboarding Mag and Wakeboarding features (2007–2009)

  • Engadget coverage on expansion and renaming to Epic EV (2010)

🔋 2009 – Flux Power Holdings Inc. (NASDAQ: FLUX)

• Founder: Chris Anthony

• Mission: Lithium-ion battery systems for industrial and electric vehicles

• Funding: Public via reverse merger; ~$10 M+ in equity offerings

• Legal Issues: 2024–25 class-action lawsuits over misstated inventory/financials

• Status: Active publicly traded company; under litigation and audit review

• Media:

  • Press release on executive changes

  • BusinessWire investor alerts

🌱 Famgro LLC (c. 2010)

• Founder/CEO: Steve Fambro

• Mission: Developed a vertical farming platform for pesticide- and herbicide-free indoor food production

• Funding: Raised approximately $8 million from investors to launch the operation youtube.com+14alejandrocremades.com+14theorg.com+14

• Legal/Operational Notes: Established systems in Michigan and San Diego, supplying to retailers like Whole Foods; eventual decline due to scaling economics

• Current Status: The project wound down after facing challenging economics; Fambro then transitioned to investment roles success.ai+12alejandrocremades.com+12aptera.us+12

🚙 2012 – Electric DeLorean Prototype

• Involvement: Chris Anthony via Flux Power & Epic EV

• Mission: Electric conversion of a classic DeLorean DMC-12

• Funding: Internal/demo only

• Legal Issues: None

• Status: Concept vehicle; never commercialized

• Media: Fast Company coverage

🚙 2013 – Epic Torq Roadster 

• Involvement: Chris Anthony via Flux Power & Epic EV

• Mission: Electric Sports EV Autocycle

• Funding: unknown

• Legal Issues: None

• Status: never commercialized

• Media: TRANSLOGIC

🌊 Ocean Holding / Ocean Holding UAE (c. 2015–2017)

• Role: Venture Partner & COO (Steve Fambro)

• Mission: Investment and development organization focusing on clean and renewable energy projects, including those in the Middle East aptera.us+6alejandrocremades.com+6aptera.us+6

• Funding: Structured projects with family office backing; financial details not publicly disclosed

• Legal/Operational Notes: Oversaw large-scale agricultural or energy infrastructure projects in UAE; legacy unclear after 2017 aptera.us+3alejandrocremades.com+3causeartist.com+3

• Current Status: Fambro left the position in 2017 to refocus on Aptera’s relaunch x.com+13alejandrocremades.com+13aptera.us+13

🏠 2017 – N‑Gen Technologies

• Founders: Chris Anthony (CEO); Alan Holsapple (CTO); Steve Fambro listed

• Mission: Home-based natural gas energy appliance

• Funding: ~$129K via StartEngine Reg CF

• Legal Issues: 2020 restructuring deal with investors/vendors

• Status: Dormant since 2018

• Media: PRWeb launch article

🪙 2018 – UniCoin Blockchain

• Founders: Steve Fambro, Alex Konanykhin; Chris Anthony reportedly involved

• Mission: Asset-backed crypto tied to equity and real estate

• Funding: ~$184K via StartEngine; $100M+ globally thereafter

• Legal Issues:

  • May 2025 SEC charges for fraudulent misrepresentation and false claims

• Status: Operations frozen under active SEC enforcement

• Media:

  • Reuters SEC enforcement report 

  • Wall Street Journal campaign critique

☀️ 2019 – Aptera Motors (Relaunch v2)

• Founders: Chris Anthony, Steve Fambro

• Mission: Solar-electric EV with ultra-high efficiency

• Funding: $100M+ via Wefunder, Republic, Reg A+, preorders, grants

• Legal Issues: Zaptera USA lawsuit: most claims dismissed June 2025; design‑patent claim remains

• SEC Investigation

• Status: Pre-production; no customer deliveries as of mid‑2025

• Media: Business Insider profile
  
  

✅ Summary Notes

• Active Companies: Flux Power, Aptera Motors (v2 – pre-production)

• Defunct/Dormant: Epic Boats, N‑Gen, Aptera v1

• Legal Scrutiny: Flux Power (litigation), UniCoin (SEC), Aptera (patent), Epic (user complaints)

• Public Company: Only Flux Power (NASDAQ: FLUX)