Heat Instant Pot - Select "Saute" on the Instant Pot. Let the device heat up; it will indicate "Hot" on the display when ready.
Cook Aromatics and Beef - Add olive oil, then, once hot, add the onions and garlic and saute for 1 minute. Add the ground beef and cook until no longer pink; break it into smaller chunks for 6 to 7 minutes.
Add Seasonings and Vegetables - Add the chili powder, cumin, smoked paprika, salt, and pepper. Stir to combine and cook for 1 minute. Add the tomato paste, stir, and cook for 1 minute. Add bell peppers and minced jalapenos, cook for 1 minute. Add rinsed kidney beans, black beans, pinto beans, Worcestershire sauce, beef broth, and coffee. Stir to combine, scraping any food from the bottom of the pot.
Cover Instant Pot - Press "Keep/ Warm/Cancel" on the Instant Pot. Make sure that the release valve is in the "Sealing" position. Place the lid on, turn and lock.
Pressure Cook - Press the "Manual" button on the Instant Pot to high pressure, and then set the timer to 33 minutes using the "+" or "-" buttons. It will take about 15 minutes for the pot to heat up and build pressure. You will see some steam release from the lid, and then the time will start on the display.
Release Pressure - After cooking, let the pressure naturally release for 15 minutes.
Open Lid - Use an oven mitt or towel to slowly and carefully twist the steam release handle to the "Venting" position. The initial release will spray some moisture around the pot, so be careful. Remove the lid, opening the top away from you, as steam will be released.
To Serve - Stir the chili and taste. Season with more salt, pepper, chili powder, or chipotle chili powder as desired. If desired, add more beef broth for a thinner chili consistency. Serve with desired toppings.
Notes
Serving Size: 1 cup (8 ounces)
Topping Suggestions: Sliced chili peppers, sour cream, cheese, sliced green onions, cilantro, or avocado.
Using Canned Beans: Add a total of 4 1/2 cups of cooked beans after you pressure cook the meat for 15 minutes instead of 33 minutes. Select "Saute" and cook until the beans are warmed through.
Coffee Substitution: You can substitute decaffeinated coffee. You can also use instant coffee; follow the manufacturer's rehydration instructions.
Protein Substitution: Substitute ground turkey, ground chicken, or crumbled firm tofu for ground beef.
Storing: Cool and store in an airtight container for up to 1 week. Freeze in a resealable bag for up to 3 months, and defrost before using.
Reheating: Cover and microwave on high in 30-second intervals, stirring in between, until hot. Alternatively, reheat on the stovetop over medium heat.