Photo: Triple M

Investigators have been told a man was working at a Carlisle Street premises about 4.05pm on 11 September when he was knocked to the back of the head and had his ute stolen.

Shortly before 1am this morning, police observed the same vehicle allegedly run a red light on Fitzroy Street, St Kilda.

A pursuit was initiated but quickly terminated shortly after due to safety reasons.

A short time later, police received reports that the vehicle had been involved in a collision on Highbury Grove, Prahran with the driver allegedly running from the scene.

He was located soon after with assistance from the air wing and dog squad behind a residence on Chomley Street, Prahran and subsequently arrested.

The 39-year-old man was taken to hospital for injuries sustained during the collision and will be interviewed by police.

He is expected to be charged with assault, robbery, theft and traffic-related offences.