Amazon Academy to wind down; Ultraviolette launches performance bike F77; Transition VC targets Rs. 400 crore first fund
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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. Notes: Amazon will be shutting down Amazon Academy, an online learning platform it launched in India for high school students last year, TechCrunch reports. Amazon will wind down the edtech service in a phased manner starting August 2023. Those who signed up for the current academic batch will receive a full refund, according to TechCrunch. India’s first roundtable on the changing dynamics between big tech and digital media starts online today, with the Digital News Publishers Association as the event host, The Hindu reports. During the webinar, the event’s keynote speaker will be Rod Sims, an economist and former chair of the Australian Competition & Consumer Commission. The session will largely cover antitrust issues concerning the world’s biggest tech companies, and explore how they affect digital media professionals. The Dialogues aim to bring together stakeholders from diverse sectors to help Indian news publishers understand how other governments have addressed the market dominance of big tech companies in their jurisdictions, according to The Hindu. Ultraviolette Automotive, an EV technologies company in Bengaluru, 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. The bike is powered by an integrated 10.3 kWh Lithium-ion battery architecture in the top variant, the F77 Recon, that produces 95 Nm of peak torque and 29 kW (38.9 HP) of peak power, the startup said in a press release. The bike offers a range of 307 km per charge under test conditions, currently the highest for any electric two-wheeler in India, according to Ultraviolette. The bike is on offer in three colours and detailing, Airstrike, Shadow, and Laser. Deliveries of the F77 will start in January 2023, starting with Bengaluru. Earlier this week, the company also announced that it was expanding its series D funding round to include investments from Qualcomm Ventures and Lingotto. The money will help Ultraviolette ramp up its presence in India, develop its tech further and expand into international markets, the company said in a press release. Transition VC, an energy transition-focused venture capital firm has launched its first fund with a target corpus of Rs. 400 crore, including a green shoe option of Rs 200 crore, the firm said in a press release. Transition VC will make seed investments in startups in sectors such as e-mobility, green hydrogen, energy storage, net zero solutions for buildings, and climate tech. Founded last year by a group of entrepreneurs and professionals in Bengaluru, Transition VC will make investments ranging from $500,000 to $1 million to support up to 40 early-stage startups over the next three years. Before launching Transition VC, these investors have backed startups including Charge+Zone, a charging point network provider, and Exponent Energy, which is making EV batteries. Theme music courtesy Free Music & Sounds: https://soundcloud.com/freemusicandsounds
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