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Emergency service crews were called to Carisbrooke in the early hours of this morning after a vehicle collided with a pedestrian.
The man, in his 70s, was taken to St Mary's Hospital after suffering serious injuries.
A spokesperson for Hampshire Constabulary said:
"We were called out at 12.45am this morning (Sunday) by colleagues at Isle of Wight Ambulance Service following reports of a collision between a vehicle and a pedestrian on Carisbrooke High Street.
"The pedestrian, a man in his 70s, suffered serious but not life-threatening or life-changing injuries. He was taken to St. Mary’s Hospital where he remains.
"Road closures were put in place temporarily – but lifted just after 2am.
"No arrests have been made, but enquiries remain ongoing."