Witnesses said the man, whose name was not released, had just gotten off a bus at Capital and Old Buffalo Road and was crossing the street when a stopped car hit him.
Jerry Anderson, who was driving a tow truck just behind that driver, told WRAL News that he didn't see the woman stop and that he clipped her gray sedan, sending the car into the pedestrian and then off the road into a telephone pole.
The pedestrian was thrown clear, witnesses said, and he was still conscious when he was taken away in an ambulance.
Raleigh police said a wreck report had not been completed and could not provide any information about the wreck other than to say the pedestrian and the car's driver were both taken to the hospital for medical treatment.
Neither of their conditions was known Tuesday evening.
All southbound lanes of Capital were closed for about an hour.