Peloton’s connected Bike rentals are now available across 48 states

is expanding a rental program for its Bike and Bike+ fitness equipment. Now anyone in the contiguous US (sorry, Alaska and Hawaii) can try one of the connected exercise bikes at home without having to shell out at least $1,445. The company began testing the program in select markets earlier this year. It is worth noting that rentals may still not be available in some remote locations.

A costs $89 per month while Bike+ costs $119 per month. You also have to pay a $150 setup fee. Both options include an all-access membership that includes Peloton’s variety of live and on-demand fitness classes. You can return the devices at any time free of charge. After 12 months, you can purchase the Bike or Bike+ at a reduced price ($895 or $1,595 respectively).

The news of wider availability of the rental program comes after it was announced that two of Peloton’s co-founders are leaving the company. As notes that John Foley is stepping down as Executive Chairman. Karen Boone takes over as CEO. Chief Legal Officer Hisao Kushi, another co-founder, is leaving the company and will be replaced by Tammy Albarrán, Uber’s chief deputy general counsel.

Additionally, Chief Commercial Officer Kevin Cornils, who joined Peloton in 2018, will transition later this month amid a broader organizational restructuring. Chief Strategy Officer Dion Sanders will assume many of Cornils’ responsibilities in a new role as Chief Emerging Business Officer.

These leadership changes are the latest developments in a turbulent year for Peloton as CEO Barry McCarthy seeks to resolve the company’s woes. Just as McCarthy took over from Foley earlier this year, Peloton . In July, Peloton laid off about 570 employees in Taiwan and last month the company laid off sales and customer service departments. It will rely on third party companies for deliveries.

Whether McCarthy’s ambitious plan to stabilize the Peloton ship will pay off remains to be seen. It’s financial for the company, to say the least. McCarthy last month that despite posting a $1.2 billion operating loss last quarter, he sees “significant progress driving our comeback and long-term resilience of Peloton.”

McCarthy said this week that Peloton will begin selling its products in some brick-and-mortar stores after announcing the closure of many of its retail stores. It’s recently for the first time. McCarthy also considered making it easier for people to access third-party content on Peloton’s displays, which is already possible by jailbreaking the device.

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Russell Falcon

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