Is it possible to create an alias for a drive name on Mac?

I have an exteal drive that I now reference via:

/Volumes/FreeAgent Goflex Drive/

I wish to rename this to something that doesn't have spaces, as AngularJS's lite-server doesn't work on paths with spaces in them (somehow), but I also don't want to change the actual name, because I have many references that use this exact name.

Is there any way I can setup an alias, so that I can access the drive's contents via, for example:

/Volumes/Ext1/

I remember there being something similar on Linux, but I can't recall how to do this, exactly.