Vegan Instant Pot® Jackfruit Chili

Turn on a multi-functional pressure cooker (such as Instant Pot®), select Saute function, and add olive oil. Add onion to the hot oil and saute until soft, about 4 minutes. Add mushrooms, carrots, bell pepper, and garlic and saute until all vegetables have softened, 4 to 5 minutes. Season with salt and pepper.

Stir in crushed tomatoes, shredded jackfruit, black beans, kidney beans, diced tomatoes, water, chipotle pepper, chili powder, adobo sauce, Worcestershire sauce, cumin, onion powder, smoked paprika, and cayenne pepper. Close and lock the lid. Select high pressure according to manufacturer's instructions; set timer for 8 minutes. Allow 10 to 15 minutes for pressure to build.

Release pressure using the natural-release method according to manufacturer's instructions, 10 to 40 minutes. Give it a minute to cool before serving.