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Having used sqlmodel recently for a project, I was underimpressed. Documentation was sparse, I found myself going to the source code to figure out how to solve problems I ran into, and I ended up dropping into sqlalchemy a lot more than I wanted. I think the idea is sound, but the code is hard to follow, and there are a lot of missing common cases.

I agree. It still needs a lot of work and is a far cry from ActiveRecord.

I've been working on a wrapper around it to make it more usable, hoping to get as much of the work merged upstream into SQLModel:

https://github.com/iloveitaly/activemodel

Unfortunately, I just don't see a better option than SQLModel for ORM at this point.

Sebastián Ramírez created FastAPI and SQLModel, and was an early adopter of Pydantic. Samuel Colvin created Pydantic.

sqlmodel is a wrapper around sqlalchemy, made by the guy who made fastapi

While it uses pydantic, sqlmodel has not been written by those guys