Australia's home exercise arms race is heating up, as Technogym launches a Peloton rival locally – with a $4,600 price tag David Adams Fitness equipment juggernaut Technogym has launched its smart bike in Australia, offering at-home riders a premium experience — and a matching price tag. For $4,590, plus a monthly subscription, riders can access live-streamed spin classes or one-on-one training routines. Technogym Bike's domestic arrival precedes that of Peloton, whose cult-favourite bike will premiere in Australia later this year. Visit Business Insider Australia’s homepage for more stories. Australia's exercise equipment arms race has intensified, with fitness titans Technogym launching a new smart bike to compete with industry wunderkind Peloton.