It makes sense that to compete with dockless bikes, users will demand convenient places to pick up and drop off these docked bikes, so they will have to be many and close together to start.
I think that the introduction of e-bikes is a game changer given that these bikes can go much further with much less effort, making them a viable commuting vehicle for many. Maybe in a later phase, it may be able to justify a dock station in an area further out if they can sell enough annual memberships.