Peloton Debuts a Commercial Bike and Treadmill Designed for Gyms

Peloton Interactive Inc. introduced a new bike and treadmill designed to be used in gyms, its latest effort to deliver on a long-promised turnaround.

The Peloton Commercial Series, announced on Monday, comes out of the company’s commercial business unit, which was established last year after the firm’s earlier purchase of exercise-machine maker Precor. Under this arrangement, Precor leads product development and hardware engineering, while Peloton provides the software experience. Bloomberg reported last week on Peloton’s plans to expand its commercial business with updated products.