Pat the short ribs dry with a paper towel and season with salt and pepper.
2 lbs boneless beef short ribs, salt and pepper
Turn Instant Pot to “Saute” for 10 minutes and add 1 Tbsp olive oil.
2 Tbsp olive oil
Sear the short ribs for 2 minutes on each side.
Remove the short ribs and set them aside.
Add the remaining 1 Tbsp of olive oil to the Instant Pot, along with the carrots, celery and onion.
1 cup carrots, 1 cup celery, 1 cup white onion
Saute the vegetables for 2-3 minutes and push them to the side of the Instant Pot.
Add the tomato paste to the Instant Pot and brown for 2 minutes.
6 oz tomato paste
Pour in the red wine and reduce for 2 minutes.
1½ cups red wine
Add the short ribs back in, along with the hoisin, beef broth, brown sugar and fresh thyme.
1½ cups hoisin, 2½ cups beef broth, ¼ cup brown sugar, 6 sprigs fresh thyme
Set the Instant Pot to “High Pressure” for 45 minutes.
After the ribs have cooked for 45 minutes, let the pressure release naturally for at least 10 minutes and then manually release any remaining pressure.
Once cooked, remove the short ribs from the Instant Pot and serve warm.