Fitness equipment maker Peloton ‘s CEO Peter Stern has said the company is exploring ways to expand its customer base by making its products available for use in gyms, and launching a peer-to-peer marketplace for used equipment.

Speaking at Bloomberg Tech Summit on Thursday, Stern said Peloton plans to distribute its machines to commercial gyms via its subsidiary Precor, a gym equipment supplier, and is working to add Peloton workouts to compatible Precor equipment.

The company this week also set out to grab a share of the market for used Peloton equipment, launching a peer-to-peer marketplace called Repowered . “Historically, [second-hand sales have] taken place, for example, on Facebook marketplace, and that’s absolutely fine for people who want to do that, but it means that you

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