Existing Metrolight shareholders including Virgin Green Fund, Gemini Israel Funds, Israel Cleantech Ventures led the $3 million financing round. MetroLight raised $9 million from these investors in August 2007.
Metrolight was founded in 1996 and is based in Netanya, Israel. Metrolight's U.S. headquarters are in Franklin, Tennessee.
According to Metrolight's Chairman
"High power lighting is probably one of the very few utilities that has not yet benefited from a transition to electronic technology.