Amazon Academy to wind down; Ultraviolette launches performance bike F77; Transition VC targets Rs. 400 crore first fund

Amazon will be shutting down Amazon Academy, an online learning platform it launched in India for high-school students last year, TechCrunch reports. Ultraviolette Automotive, an EV technologies company, yesterday announced the commercial launch of its first product, a high-performance motorcycle called F77, starting at an ex-showroom price of Rs. 3.8 lakh. And Transition VC plans to raise Rs. 400 crore for its first fund