While the company has been in beta mode, Cutler and Rice are not disclosing pricing until launch.
"We realized that connection should be its own product," Rice told the Times.
"It feels therapeutic, but it's not therapy," Rice told the Times in response.
Julie Rice (left) and Elizabeth Cutler Courtesy of SoulCycleSimilar to SoulCycle, Rice and Cutler also intend to sell Peoplehood merchandise, including apparel, tote bags, and prayer candles, the New York Times reported.
Cutler and Rice, along with fellow co-founder Ruth Zukerman, opened the first SoulCycle location in New York City in 2006.