How the fuck is that meant to reduce drag? I initially thought it was a sort of sail to massively increase drag for training. Like when you see people running around with mini parachutes strapped to their backs.
By filling the void behind the body, which is usually full of turbulent flow, with a fuselage which converges the downstream flow smoothly. It's both a very old idea and the subject of considerable controversy in domestic time trialling.
https://ramairfairing.com/pages/raf-1-pioneering-bike-backpack