Peloton Interactive (PTON) said Tuesday it launched its online marketplace, Repowered, supported by its platform provider, Archive, for buying and selling used equipment and accessories.
Sellers can list and set prices for the company's used equipment with insights from Archive. Buyers can avail of discounts on the used equipment activation fee, while sellers will receive discounts on equipment purchases on Repowered, the company said.
The marketplace is currently available in New York City, Washington DC, and Boston metropolitan areas, the company added.
Shares of Peloton were up 1.1% in recent trading.
Price: 6.68, Change: +0.08, Percent Change: +1.14
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